Agenda - Council - 06/22/2021 - Laserfiche WebLink

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b. Marketable Title. That prior to commencing grading activities, the PERMITTEE shall provide the CITY with proof of marketable title to the Subject Property either through a currently certified abstract, registered property abstract or title insurance commitment or policy. c. Proof of Authority. That the PERMITTEE provide proof that the respective governing boards of the PERMITTEE have authorized the PERMITTEE'S execution of this Agreement. This proof of authority may be satisfied by providing the CITY with a certified copy of the minutes of the governing board of each entity which grants such authority. 3. The Plans. Final grading plans must be approved by the City Engineer. 4. Improvements. The improvements the PERMITTEE will construct or install are as follows: Preliminary Grading (the "Improvements"). 5. Improvement Financial Guarantee. The PERMITTEE shall provide a financial guarantee to the CITY guaranteeing the construction of the Improvements and their timely completion. The CITY shall require a financial guarantee in the amount of thirty percent of the grading estimate. The PERMITTEE shall be responsible for a financial guarantee in the amount of $150,000 or 30% of the grading estimate provided by the PERMITTEE. 6. Inspection Fees for the Improvements. The PERMITTEE shall provide an inspection fee to the CITY to inspect the Improvements. The PERMITTEE shall be responsible for an inspection fee in the amount of $ which is 5% of the grading estimate provided by the PERMITTEE. 7. Installation of the Improvements. The PERMITTEE shall obtain all necessary permits from all governmental agencies before commencing construction of the Improvements. The PERMITEE must provide the CITY with copies of National Pollutant Discharge Elimination System (NPDES) and Lower Rum River Water Management Organization (LRRMWO) permits from other governmental agencies prior to or when the PERMITTEE applies for a grading permit to construct improvements on a lot within the Subject Property. Within thirty (30) days after the completion of the Improvements, the PERMITTEE shall provide the CITY with a complete set of reproducible "As Built" plans for the Improvements. 8. Time of Performance for the Improvements. The PERMITTEE must substantially complete the Improvements within one (1) year after issuance of a grading permit. 9. Street Cleaning and Clean Up. The PERMITTEE shall clear any soil, earth, or debris from the streets resulting from the construction of the Improvements.. If the PERMITTEE fails to keep streets clean the CITY shall notify the PERMITTEE 2