Agenda - Council - 04/09/2024 - Laserfiche WebLink

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2. Conformance with the Plans. The Subject Property shall be developed in accordance with the final plans (the"Plans")prepared by Otto Associates. The Plans remain subject to: (a)City Staff s review and approval of the Plans to, among other things, confirm that the revisions requested in the CITY's review have been made; and (b) such further revisions as the PERMITTEE may propose and the CITY approves. The Plans shall not be attached to this Agreement,but are in the CITY's files. 3. Incorporation of All City Code Requirements. That the recitals above and the applicable provisions of the City Charter, Subdivision Code, Zoning Code, and Public Improvement Code of the CITY, as amended to date hereof, are incorporated herein by reference. 4. State Building Code Compliance. The structure(s) shall be constructed in accordance with the requirements of the Building Code. 5. Fire Lanes. Fire lanes shall be maintained on the Subject Property. The exact locations of these items on the Subject Property shall be as directed by the Fire Chief. The PERMITTEE herein agrees to post"No Parking"signs along driveways in accordance with City Code requirements and in conjunction with the instructions of the Fire Chief. 6. Required Improvements. The PERMITTEE shall construct and install the following site improvements on the Subject Property in accordance with the specifications and location as shown on the Plans. The Required Improvements and the allocated costs therefor are as follows: Required Improvement Cost 125% of Cost Release Amount a. Temporary and permanent erosion $7,148.50 K935.63 control. b. Lot grading $3500.00 $431750.00 c. Storm drainage facilities $56,220.00 $701275.00 d. Sanitary sewer service $615 3 5.00 $8116 8.7 5 e. Water services $18,050.00 $22,562.50 f. Parking lot and driveway $84,404.00 $105,505.00 bituminous pavement g. Concrete walkways, curb, and $69,257.00 $86,571.25 gutter h. Landscaping $87,795.00 $1091743.75 TOTAL $364,409.50 $4551511.88 ("Required Improvements") The PERMITTEE agrees to construct the Required Improvements according to the terms and conditions of this Agreement, in accordance with the Plans, and in compliance with Staff review comments. 7. Required Improvements Completion Date. The Required Improvements shall be completed within twenty-four(24) months from the date of Building Permit approval for the New Building, subject to Unavoidable Delays. For the purposes of this Agreement,Unavoidable Delays means delays, outside the control of the party claiming its occurrence, which are the result of LB Ramsey MN Owner,LLC/Lightbridge Academy Development Agreement Page 2 of 8