Agenda - Council - 09/26/2006 - Laserfiche WebLink

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City, in the amount of XX Dollars and no cents XX.00 [# plantings (XX trees, XX shrubs) x cost/planting ($100 /tree, $50 /shrub) x 30% average non - survival rate], which shall be in effect for a two -year period commencing on the date of the City's acceptance of said plantings as part of the Required Improvements. At the end of the two -year period, the maintenance guarantee shall be returned to the Permittee. The determination that all plantings that have been planted in accordance with the Site Plan and Landscaping Plan have either survived or have been replaced shall be made by the City Council after consultation with the City Engineer. In the e p .t the ermittee fails to maintain the required plantings for . a two -year period, the City , order the replacement of plantings with City day labor and/or by le draw upon the escrow for payment. Only the City Council shall have on ° e.lacement of the plantings and withdraw from the escrow account. T ermis on and a license to the City and/or its contractors and assig • �. the ' ®° • • e of replacing plantings in the event of the Permittee's defa 13. INSPECTION FEES. The Permittee shall b • • ° all inspection costs incurred by the City related to the installation of the Require ® Im The Permittee shall make a cash deposit into the appropriate escro cunt at th the City shall have the authority to draw upon these funds f e of compe g for inspection services. The amount of the deposit shall b .rcent (5 %) of the estimated cost of the Required Improvements, which eq " "o ham_ • cents ($XX.00). This is to cover the cost of inspecting the site gra•a § d i. at' °� ®g :rovements. Upon completion of the Improvements to the satisfacti ® ®'.fth, , an y' . `s balance remaining in the City's escrow account shall be re 14. OUTSIDE REGUL • Q' • ® AGENC ' e Permittee herein agrees to be responsible for obtai uired permits or licenses from any other regulatory agencies. GMI, Inc. and have agree By Its: Mayor By Its: City Clerk —224— SOTA GMI, INC. eipt of this permit and that they have reviewed the conditions of ly with the terms of this permit. By Its: