Laserfiche WebLink
10. <br /> <br />period from the date of its deposit. This financial guarantee is for the purpose of ensuring <br />~hat the Stage I Improvements have been constructed in accordance with City standards <br />and may be called upon at the CITY'S discretion during said one (1) year period if the <br />CITY determines it necessary to repair and/or replace .any of the Stage I improvements. <br />Said financial guarantee shall be in the form of a letter of credit, approved as to form by <br />the CITY. The maintenance guarantee shall be in the amount of Ten Thousand Dollars <br />and no cents ($10,000.00). <br /> <br />Sewer and Water Trunk Charges. The current Sewer and Water Trunk Charge is <br />$2,962.00 per dwelling unit. Total Sewer and Water Trunk Charge obligations for the <br />l>lat are Two Hundred Thirty Six Thousand Nine Hundred Sixty Dollars and no cents <br />($236,960.00) (80 units x $2,962.00/unit). <br /> <br />1l. <br /> <br />12. <br /> <br /> SECTION II <br />STAGE II IMPROVEMENTS AND FINANCIAL GUARANTEES <br /> <br />l lard Surfaced Driveways. Hard surfaced driveways (bituminous or concrete) are a <br />requirement t'or each lot in the Plat. Said improvement shall be installed by the building <br />permit applicant or the homeowner at the time the Certificate of Occupancy is issued or <br />as soon thereafter as possible, weather permitting. In the event this improvement is not <br />timely installed on a lot, the DEVELOPER and/or the DEVELOPER'S assign(s), <br />agrees that the CITY may install said improvement on the lot and specially assess the <br />cost therefi)re ag.,ainst the lot. The DEVELOPER hereby waives all right to a public <br />hearing and other statutory rights or City Charter rights granted a property owner relating <br />t(~ special assessments, including the right to appeal the special assessment for installation <br />of the hard surfaced driveway. In addition, the DEVELOPER grants the CITY a license <br />tt~ enter on each lot of the Plat in order to install the improvement described in this <br />paragraph if the same has not been previously constructed. <br /> <br /> SECTION III <br />BUILDING PERMITS AND CERTIFICATE OF OCCUPANCY <br /> <br />Requirements for Building Permits. No building permit for any lot in the Plat shall be <br />issued until (a) site plan approval is granted by the CITY and any expense incurred in <br />giving site plan approval has been reimbursed to the CITY; (b) the Building Official has <br />been provided with a copy of the approved site plan, signed by a registered architect or <br />surveyor, showing all dimensions to scale; (c) the Plat has been recorded at Anoka <br />County f~roperty Records, (d) A Lower Rum River Watershed Management Organization <br />i~ermit has been obtained. The CITY reserves the right to suspend all building activities <br />upon the CITY being notified by an outside agency that the appropriate 'permit(s) was not <br />obtained ~'rom the applicable agency. Approval of the building foundation requires a <br />certificate of'elevation signed by a licensed (State of Minnesota), professional land <br />surveyor, verifying that the elevation with the approved grading plan for the Plat.. <br /> <br />Sunflower Ridge 2''~ Addition <br />Development Agreement <br />Page 4 of 8 <br /> <br /> <br />