Agenda - Council - 05/31/2005 - Laserfiche WebLink

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inspection services. The amount of the deposit shall be equal to five percent (5%) of the estimated cost of the Required Improvements, which equates to Twenty Four Thousand Two Hundred Seven ($24,207.00) (5% x $484,149.00). Upon completion of the Improvements to the satisfaction of the City, any surplus balance remaining in the City's escrow account shall be refunded to the DEVELOPER. 15. [_'Ltyment of Sewer and Water .Trunk Charges. In accordance with the Allocation Agreement between the City, D.R. Horton, and R~¢~ey Tp,~wn Center LLC, sewer and water trunk fees will be paid at the time of building 16. }¢tormwater ManagemeBt Fee. The cu~en[ ~:t~W~:~ ent Fee is $384.00 per un t Stormwater management fee obligafi~ :for t~ are $29,568.00 (77 x 17. I lard Surfaced Driveways. Hard surflced: driveways: (bituminod~ ~6~'~hcrete) are a ~'~ctuirement for each lot in the Plat. Drivew~:;~h~li~:~$~:)~.stalled by th'~:building pe=it applicant or the homeowner at the time the is issued or as soon tllcrealler as possible, weather pe=itting. ::!n the even~'{h~:~:~ay is timely installed on a lot, the DEVELOPER an$or theDE'LOPER s"- that the CITY may install thc driveway on the lot and s~e~i~il~ ~S~he cost th~'~e~0re against the lot. The I)EVELOPER waives all right, tO:~.~ubli~:~¢~::=d other statutory rights or CITY Charter rights granted a prope~Y:~br retafig~ t~ ~((ig{?~sessments, including the right to appeal the special assessment::~fo~ ing~11~tion~o~ith~' hard sufficed driveway. In addition, the DEVELOPER grants the CITy a lic~ns'~ to enter on each lot of the Plat in order to install the impr°v~&ent describ~d in:ml~"~hragraph if the same has not been previous constructed~ ..: :~ 18. Street Cleantng. ARer ~he Sffeet surhcing is installed, the DEVELOPER shall clear any soil, earm, or debris fr~m th~ S~bbts within the Plat resulting from any construction within the Plat by the DEVELOPER 3tits successors and assigns. From time to time, the CITY may remove~accm:ul~tions of:'~iI; e:~h and debris from the streets resulting from the construction 0f the PI&~ It shall b:~ lhe DEVELOPER's responsibility to pay the costs associated with this jnegessary street cleaning. Invoices from the CITY to the DEVELOPER tbr such costs shall be paid within fi~een (15) days of the date of invoice. I9. Private Streets and Oa2street Parking. On-street parking shall be prohibited on private streets unless otherwi{e indicated on the final plans. All parking restrictions shall be signed and: said si~in~ shall be subject to the approval of the CITY. At no time will the private streefs be maiKtained or accepted for ownership by the CITY. These items shall be clcarly stated N the covenants dra~ed as pa~ of the homeowners association. The association documents shall include appropriate enforcement provisions. The DEVELOPER will provide the CITY a copy of the restrictive covenants for review. 21}. Private Street Cleaning. In the event the CITY determines that the private streets and driveway collectors are contributing to the increased sedimentation of the ponds that the CITY is required to maintain, the CITY shall provide the homeowner's association with Ramsey Towfl Center 6th Addition Development Contract Page 7 of 15 Pages