Agenda - Council - 05/26/2020 - Laserfiche WebLink

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r. Letters of Credit. All letters of credit presented as a financial guarantee, if required prior to issuance of a Certificate of Occupancy, shall be first approved as to form and content prior to acceptance by the CITY. 17. Requirements for Building Permit and Certificate of Occupancy. a. No building permit for any lot in the Plat shall be issued until: '(a) a Class 5 driving surfaee is installed to' within •300'feet of the proposed structure;. (b) a Certificate of Survey, including the survey infoiination required by the CITY, has been supplied to the CITY Building Official; (c) all the financial guarantees required by the CITY have been satisfied; (d) a permit from the Lower Rum River Watershed Management Organization has been obtained; (e) a permit from Anoka County Soil Conservation District has been obtained (if necessary); and (f) this Contract has been signed and received by the CITY. b. No Certificate of Occupancy for any lot in the Plat shall be issued until: (a) vehicular access to the lot is provided, including installation of at least one layer of bituminous surfacing; (b) all utilities are in place; operational and accepted by the CITY in accordance with this Agreement; (c) for Tots that have a slope of less than 2%, a certificate of grading, prepared by a licensed (State of Minnesota) professional land surveyor, is provided to the CITY documenting thattheflattest grade on the lot is 1 % or greater; and (d) boulevard sod and landscape tree, or escrow for same, have been provided. c. All improvements included in the Permittee PIans, including amendment required of the City Staff Review Letter dated April 26, 2012 are completed, or financial guarantee in the amount of 125% the City Engineer's estimate of the cost of said improvements is secured in the form of cash escrow or letter of credit for the parking lot and related items.• d. Vacant Parcel. The PERI'UTTEE agrees.that the vacant 57 acre.parcel shall not be considered buildable and shall not be eligble for: a Building Permit or Certificate of Occupancy until such time the vacant parcel is subdivided in accordance with City Code requirements to subdivide the parcel by plat. Said platting requirements shall include, but are not limited to, dedicating proper easements, delineating ass floodplain and weltand information, and paying applicable development fees. The vacant parcel shall be subject to applicable processes, application/review fees, and development fees in effect and at the rate in effect at the time said future plat is approved and required agreements are executed. 18. Park Dedication . The PERMITTEE is not responsible for Park Dedication Fees, as the net result of the Subdivision does not create an additional buildable lot. The PERNIITTEE acknowledges that Park Dedication shall be required with future subdivision requests and will be reviewed at the time the PERM1'l I'EE submits any request for future subdivision. The rate in effect the time a development contract is MAKOWSKI'FAMILY FARM METES AND BOU"JDS SUBDIVISION Development Contract Page 6 of 11