Agenda - Council - 08/27/2024 - Laserfiche WebLink

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IL authority to direct completion of the Required Improveme nits and withdraw from the escrow account, The PERMIT17EE hereby gants pemission and a license to the CITY and/or its contractors and assigns to enter -upon the Subject Property for the purpose of completing the construction and installation of the Required Improvements in the event of the PERMIT TEEs default. 9. Inspection Fees. The PERMITTEE shall be responsible for all inspection costs incurred by the CITY rel ate d to ihe installation of Required Improvements. The PERMITTEE shall make a cash deposit into the appropriate escrow account at the CITY and the CITY shall have the authority to draw upon these funds for the purpose of compensating for inspeefion services. The amount of the dcposit shalt be equal to five perccrat (5%) of the estimated cost of the Required Improvements,whieb cquates to Tent -Five Thousand Six Hundred Fifty Three Dollars and No Cents($25,653.00)(5% x$513,056.00). Upon completion of the Required Improvements to the satisfaction of the CITY, any surplus balance reinaining in the CITY's escrow account shall be refunded to the FERMITTEE. 10. Pmnent of Developluent Fees. The PERMITTEE must pay to the CITY a fee of$4,000 to comply with the Tree Preservation Ordinance. This fee Will be deposited into the CITY's Conun unity Forestry Fund and will be utilized to reforest the conununity in strategic locations, SECTION 11 PERMITS AND OCCUPANCY 11. Requirements for Building Permit a. No building permit shall be issued until the PERT ITTEE has: (a) installed a Class 5 driving surface to mthin 300 feet of the structure- (b) provided the CITY Building Official with a Certificate of Survey; c.) :submiteed the financial guaranty described in Section I Paragraph 8 to the CITY; d.) obtained all necessary permits from the Lower Rum River Watershed Managem ent Orga nizati on and has provided a copy of such permit to the CITY; and b No occupancy permit shall be Issued -until, the PERIN-11TTEE has* (a) constructed vehicular access to the lot, including the installation of at least one layer of bitumi-nous surfacing; (b) constructed all utilities and storm water facilities this Agreement requires to serve the of and such.utilities and storm water facilities are in place, operational and accepted.by the CITY; (c) for lots that ha've a slope or less tha3a 2%, provided the CITY with a certificate of grading, prepared by a licensed (State of Minnesota) professional 6nd surveyor, certifying that the flattest grade on the lot is I%or greater; and(d)installed and planted the sod and landscaping that are required. SECTION III LANDSCAPING 12. Maintenance Guaranty for Land caping, It is herein agreed that the,PERMITTEE shall provide a maintenance guaranty to ensure the survival of the plantings. Said maintenance guaranty shall consist of cash or an irrevocable letter of credit, approved as to form by the CITY, in the amount of Four Thous id Five Dollars and No Cents ($4,005.00) [# plantings (32 trees and 50 shrubs)x cost/planting($300/tree and $75/shrub) x 30%average non-survival rate],which shall be in effect for a two (2) year p eri od c oin m e-nmg on the date o f I lie CITY I s written accep I anti e of said plantings as part of the Required,Improvements. 3