Agenda - Council - 08/24/2021 - Laserfiche WebLink

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P. q. Y1QIiip!i_p This Contract. If PERMITTEE fail to perform any of the terms of this Contract. the CITY shall be entitled to recover, from PERMITTEE 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 ofthis Contract by PERMITTEE shall be grounds for denial of a building permit for any portion of the Property still owned by PERMITTEE. Contract Binding On Successors and Assigns. This Contract shall be binding upon the panties, 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. 2 . Requirements for Buildine Permit and Certificate of Occupancy. 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 icate 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, 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 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 docurnentin2 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. Alt improvements included in the Perniittee Plans, including amendment required of the City Staff Review Letter dated December 8,.2. 10 are completed, or - financial guarantee in the amount of 15% the City Engineer's estimate of the cost of said improvements ents 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 CITY's Greenland 1-dills District. The current park dedication requirement is $4,738 per commercial acre. At the City Council meeting on October 26, 2010, the Council accepted the recommendation of the Park Commission to accept. in full satisfaction of the park dedication requirement for the Plat, fee title to a ALP[/A DEVELOPMENT/Legacy Christian Academy Development Contract Page 9 o 1