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Maintenance Guarantee for LandsThe Maintenance Guarantee for Landscapin <br />is covered as part ofthe DeN?elo me l Permit. <br />. ONA,.-nershiv of Improvements, Upon completion and acceptance by the CITE'. the Sta(-)e I <br />Improvements Iviiial Nxvithin public eas l ents shall become CITY property N ithout <br />further notice or action. <br />10. License. PERMITTEE hereby arants to the CITY. its ac. gilts. eniplovees. officers and <br />Contractors, a license to eater the PropertN, from time to time in order to perform all x ork <br />and/or Inspections deemed appropriate by the CITY durino, installation of the <br />Improvements. This license shall expire after the Improvements installed pursuant to this <br />Contract have been installed and accepted by the CITY. <br />11. Staoe lI Improvements. 1-he Stage II Improvements which the CITY requires <br />PERMi,rTEE to construct, which are not otherw'se included in the Stage I <br />Improvements, are as folloNN s: <br />a. Monument stakes for the Plat <br />PE RNA ITTEE a -Trees to construct the Stage II Improvements ac ordino to the terms and <br />conditions of this Contract and in accordance with the Pere-nittee Plans. w-hich are subject <br />to re�lision per �it�� Staff l er�iew Letter dated June ? . -' 11. �- �ir.��� ;=1�� �.�.��t , 20 11 and <br />Nk-hich shalt be Submitted to the City Engineer for rep iew and approval prior to execution <br />bv- PERMITTEE of anv such contract and prior to commencement of construction of the <br />Sta(.1e I Improvements. LORD of 'LIFE L UTHERAN CHURCH, a non-profit <br />corporation under the laws of the State of Minnesota. agrees to complete the Stage I1 <br />Improvements in the event of PERMITTEE default. <br />12. P ment for Slage Ii Improve nts. PERMITTEE shall be responsible for a financial <br />.ayuaranlee for the St {fie 11 Improvements to ensure timelv completion of the Stage II <br />Impro-v nients. PERMITTEE shall be responsible for a financial uluarantee for Stake I1 <br />Improvements in the arno nt of 1 ? % of the City En(lineer' s estimated cost of the State} 11 <br />Improvements. PE NJITTEE shall deposit said amount as a letter of credit or cash <br />escro\v at the time of execution of the Development Permit by and between the City of <br />I anisev and First Phoenix Group. LLC and before the Cirv,vitl issue the Bulldlni2 Perliiit <br />for Stoney I iVer. <br />14. Street and Public Propert Cleanin . PERMITTEE ITTEE shall clear anv soil, earth or debris <br />from the streets. public property and Stormwater facilities resultinc.v from anv construction <br />Within the Property. From time to time and upon not less than thirt), six 06) hours prior <br />I10tice to PERMITTEE. the CITY may remove. at the expense of PERMITTEE, <br />accumulations of soil, earth and debris from the streets and Stonll-water facilities v..-ithin <br />the Propert 7 resulting from construction of the Stage I Impro-vem nts. and PEWMITTEE <br />shall pad' each invoice f i-one the CITY to PERMITTEE for such costs Nv'thin fifteen (15 <br />days of receipt of the invoice. <br />Pag-e 4 q 4 <br />