Resolution - #89-08-229 - 08/22/1989

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G Ho EtN/',~CJ/'C,,_GJ.~. The Developer shall provide a financial guarantee for the consiructk)n ct these improvements. This guarantee shall be in the form of cash or City approved Letter of Credit in the amount of Ninety Thousand Six Hundred Dollars (~;90,f~00 00), which amounts to 125% of the Engineer's estimated cost for such improvcrr~ents. In addition to the Letter of Credit, the Developer shall post a maintem~r~¢:e guarantee at the time of the completion of the improvements in the amount of 'lira thousand dollars ($10,000.00). This security shall be deposited with the City in the ~orm .,_~f a cash escrow or a Letter of Credit in a form to be acceptable to the City. Thk; socudty shall be held by the City for One (1) year from the date of final acceptance o1' I1~ irr~[~rovements. _GR~JJIJ;JG_&~.D._DRAINAGE pLAN. The Developer shall comply with grading and drainage plar, s subinitted to and approved by the City Engineer. Tj~[i_BL~i~)__V_A,t./DISEASED TREE CONTROL. The Developer shall prevent the introduction aud spre¢~d of tree disease into the residue tree populations of the subdivision and adjohdrL~] properties and to reduce the impacts of construction on the residual property of thu, :-mbdivision and adjoining properties. The Developer shall: Install physical barriers such as snow fence around trees that are to remain (the f,.'~.ncing will be at least ten feet (10') from the remaining trees; Ail equipment operators will carry a can of tree wound dressing and will apply immediately to damaged trees if wounding occurs; '~ re-es will only be skidded against other trees that are to be removed. Trees in tho middle twenty feet (20') of road easement will be removed first, with rr;maining trees to be removed to be skidded toward the middle of the road ea.~ernent. ¢J)_~__r~U.C_Z. LON SITE DEBRIS. The Developer shall adhere to Ordinance No. 89-11' An Ordinance Regulating the Dumping of Garbage, Refuse, Site Development and Con~;~uction Debris. S~_G[;._II~Ii'~P_.R_..OVEMENTS. The Developer shall be required to complete Stage II Improvemc. nts (e.g., sealcoating and street/traffic signs) as provided in Section 170.03 of the City Code. In addition, the Developer shall make advance payment to the City for these ir..qprovements. This advance payment shall be in the form of a cash deposit in the amount of Three Thousand Three Hundred Dollars ($3,300,00) which is 100% of the City En,~inoer's estimate. The City shall retain the interest. The advance payment shall be 13r('~vidod to the City at the time prior to the recording of the plat. .I~j.~E~tEJ._(& !_~.E_R_MITS, The Developer agrees that in compliance with the City Code, no buildin.q permits for any lot in the plat shall be issued until the financial guarantees as de:;cribed ~,bove have been provided and that all grading and class five gravel has been pl~cc-ci c,n the roads. D_~._V_~.Lr.~)Ei'¢.E_~.T_A(~REE_~ The Developer agrees to enter into a Development Agreemont with the City of Ramsey.