Agenda - Council - 03/09/2021 - Laserfiche WebLink

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P. Violation of This Contract. If PERMITTEE fail to perform any of the terms of this Contract. the CITY shall be entitled to recover, from PEM1TTEE or the issuer of its financial guarantee, the full amount of any and all financial guarantees or withhold the Certificate of Occupancy as defined in Section 16(m) above. Breach of any of the terms of this Contract by PERMITTEE shall be grounds for denial of a building permit for any portion of the Property still owned by PERMITTEE. Contract Bindin F On Successors and Assigns. This Contract shall be binding upon the parties, and their respective successors and assigns. 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. . Requirements for Building. Permit and Certificate of C ccunancv. a. No building permit for any lot in the Plat shall be issued until: (a) a Class 5 driving surface is installed to within 300 feet of the proposed structure; (b) a Certificate of Survey, including the survey information 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. A footings and foundation permit for the structure has been waived by prior action of the City Council. b. No Certificate of Occupancy for any lot in the Plat shall be issued until: (a) vehicular access to the lot is provided, includin2 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 lots that have a slope of less than %, a certificate of grading, prepared by a licensed (State of Minnesota) professional land surveyor, is provided to the CITY documentin2 that the flattest 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 Pert-nittee Plans, including amendment required of the City Staff Review Letter dated December 8, .2010 are completed, or financial guarantee in the amount of 150% 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. 21. Park Dedication. The Plat is located in the IT 's Greenland 1-fills District. The current park dedication requirement is S4,738 per commercial acre. At the City Council meeting on October 26, 2010, the Council accepted the recommendation of the Park Commission to accept. in lull satisfaction of the park dedication requirement for the Plat, tee title to a ALPHA DEVELOPMENT/Legacy Christian Academy Development Contract Page 90 1