~'!?¢j?]_[.]M_i?JLQVEMENTS. The Developer will construct improvements shown on the
<br />p!m~;-; ;is directed by the City Engineer, in accordance with the City standards and
<br />spcc. ifi,~alSoas. These improvements include the construction of those streets within the
<br />p]ai, k.~wr~ as Iguana Street Northwest, 174th Avenue Northwest, and 176th Avenue
<br />Nor~hwcs';, and Outlot G of Countryside Estates Addition, including bituminous surfacing
<br />and r,]ated ditches, grading, backslopes and drainage. The Developer shall be
<br />r(~s!.,(,n~ihie for any expense associated with the construction of these improvements. The
<br />Dcvelogc~ shall restore all disturbed areas as specified by the City Engineer. The
<br />I)~we!ooc~ shall also provide erosion control measures during construction to control
<br />cro,~i,m The Developer shall complete Stage I Improvements on or before October 31, 1989.
<br />
<br />]r!.SI_/',_~(~IAL._(.)_UARAb{_T_EE. The Developer shall provide a financial guarantee for the
<br />con.~truct:im~ of these improvements. This guarantee shall be in the form of cash or City
<br />~cttcr of Credit in the amount of One hundred thousand ($100,000) dollars, which
<br />r,presents 125% of the EngineeFs estimated cost for such improvements. In
<br />thc Letter of Credit, the Developer shall post a maintenance guarantee at the
<br />completion of the improvements in the amount of Five thousand ($5,000.00)
<br />T)fis security shall be deposited with the City in the form of cash escrow or a Letter
<br /> a Corm to be acceptable to the City. This security shall be held by the City for One
<br /> fr,.m~ the date of final acceptance of the improvements.
<br />
<br />(B(k~0)_.[N.('._ A_A_N2D DRAI_~AGE PLAN. The Developer shall comply with grading and
<br />d,'ai,~:~? pimps submitted to and approved by the City Engineer.
<br />
<br />I,]A~_~ EiS)~_&~_ SETBACKS. The Developer agrees to provide a street easement of sixty-
<br />six (6~/) t'c~t in width running generally along the alignment of the proposed property line
<br />of l,(~l,.,: ~0 and 11, Block 2 of Wildwood Acres. In addition, the Developer agrees that any
<br />stru,'.t.u~'~(~,~) on Lots 6, 7, 8, 9, and 10, Block 2 of Wildwood Acres will be at least fifty (50')
<br />fee~t :¥,m the natural gas pipeline easement.
<br />
<br />}_~H~!)~IN~_. P.E]2~MIT_~. The Developer agrees that in compliance with City Code, no
<br />buildi,,~: ~),rmits for any lot in the plat shall be issued until the financial guarantees as
<br />de.~;c,Sh(,.d ~bove have been provided and that Class #5 material shall be in place for any lot
<br />which ~, ])~.;Iding permit is issued.
<br />
<br /> i'~t'.]__13__MIrI'S &~REGULATIONS. The Developer shall be required to be in
<br /> with all permitting and regulating agency requirements (e.g., U.S. Army
<br />E~,~?,'ineers, Anoka DOT, DNR, etc.) appropriate to the development of the land.
<br />
<br />F/~[,~ !_i~ I]KI{ROVEM__ENTS. The Developer shall be required to complete Stage 2
<br />] m prove m e~s (sealcoating) as provided in Section 170.03 of the City Code. In addition, the
<br />t)e'x('~[(,i~,' ~;hal] provide a financial guarantee to the City for these improvements. This
<br />guar;~,l:~e ~;ha!l be the form of a cash deposit or a City approved Letter of Credit in an
<br />n,nou,~ ol~ },Sve thousand ($5,000.00) dollars. This guarantee shall be provided to the City
<br />· prior to ,',c~,rding of the plat.
<br />
<br />I')}t,¥~,L©?~5I.~T_' AGREEMEI'~LT.. The Developer agrees to enter into a Development
<br />Agcc, v.~ n v~,i; ~vith the City of Ramsey.
<br />
<br />
<br />
|