Agenda - Council - 04/12/2005 - Laserfiche WebLink

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Irrigation metering and backflow devices shall be approved as part of the Utility Plan, and installed accordingly. Irrigation rain sensors shall be installed and appropriately placed throughout the development. ("Stage I Improvements") The DEVELOPER agrees to construct the Stage I Improvements according to the terms and conditions of this agreement and in accordance with DEVELOPERS' plans submitted to the CITY. Said plans shall be in conformance with the GRADING pLAN dated ' ., 2005, and the OTHER CONSTRUCTION PLANS as reviewed and approved by the CITY. The final construction plan for the Stage I Improvements shall be submitted to the City Engineer for review and approval prior to commencement of construction. 10. The DEVELOPER shall be responsible for completing the rough grading and providing lot corner stakes prior to the installation of underground utilities. l I. Stage I Improvements Completion Date. The Stage I Improvements being undertaken in conformance with the GRADING PLAN shall be completed on or before April 4, 2006. The Stage I Improvements being undertaken in conformance with the OTHER CONSTRUCTION PLANS shall be completed one (1) year from CITY approval of the Plat. /2. Stage I Improvement Financial Guarantee. The DEVELOPER shall provide a financial guarantee to the CITY guaranteeing the construction of the Stage I Improvements and their ti~nely completion in two steps. The financial guarantee for work done in conformance with the GRADING PLAN shall be in the amount of Dollars and no cents ($XX), which amount is 125% of the City Engineer's estimated cost of the stage I Improvements being constructed in conjunction with the GRADING PLAN. The financial guarantee for work done in conformance with the OTHER CONSTRUCTION PLANS shall be in the amount of Dollars and no cents ($XX), which amount is 125% of the City Engineer's estimated cost of the Stage I Improvements being constructed in conjunction with the OTHER CONSTRUCTION PLANS. The financial guarantee required by this paragraph shall be in the form of cash or a letter of credit, approved as to form by the CITY. The financial guarantee for Grading and Phase I Improvements shall be deposited with the CITY at the time of execution of this agreement and recording of final plat,.-respectivety. Upon total completion of Stage I Improvements (including the removal of "temporary" erosion control measures as identified in the approved Grading Plan), acceptance by the CITY, supported by appropriate lien waivers, the DEVELOPER may request a reduction in the amount of the financial guarantee, but only if the maintenance guarantee required by Paragraph 8 below has been deposited. 13. Inspection Fees. The DEVELOPER shall be responsible for all inspection'costs incurred by the City related to the grading and installation of Stage I Improvements. The Town Center Gardens 3ra Addition Development Agreement - Grading Page 4 of 13