Agenda - Council - 01/09/2024 - Laserfiche WebLink

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the CITY with a complete set of reproducible "As Built" plans for the Stage I Improvements. 7. Time of Performance for the Stageprovements. The PERNIITTEE must complete the Stage 1 Improvements within one (1) year after the recording of the Plat. S. Ownership of the Stage ]_Imp rovements. The PERYHTTEE owns the Stage I Improvements until the CITY'S acceptance of the Stage I Improvements. Title to the Stage 1 Improvements automatically passes to the CITY upon the CITY'S written acceptance of the Stage I Improvements. Except to the extent the CITY has accepted all or portions of the Stage I Improvements, in writing, prior'to the lapse, expiration, or other termination of the CITY'S financial guaranty described in Paragraph 12 and except to the extent the CITY and the PERIITTEE may agree, in writing, to defer the CITY'S acceptance of certain specified Stage I Improvements, the CITY is deemed to have accepted the Stage I Improvements when the CITY releases the financial guaranty described in Section 12 or allows such financial guarantee to lapse, expire or otherwise terminate. 9. Stage I Improvements License. The PERMITTEE hereby grants the CITY and the CITY'S agents, employees, officers, and contractors an irrevocable license to enter the. Subject Property to perform all necessary work and/or inspections the CITY deems appropriate during the PERMITTEE'S installation of the Stage I Improvements. The license shall expire after the CITY accepts ownership of Stage I Improvements. 10. Stage I'l CITY Improvements. The public improvements the PERIITTEE must construct or install are as follows: Installation of survey monumentation. (the "Stage I.I .Improverents" ). The .PERMITTEE must -complete the construction of the Stage II 1'rnprovements within one (1) year after the date upon which the Plat is recorded. PER ITTEE must install the Stage 1.1 Improvements in accordance with the Plans. Per City Code Section l 17- 1 5, the PERMITTEE shall provide the CITY with a set of re-. producible as -built plans in Computer Aided Drafting (CAD) format upon completion of the Stage II improvements and acceptance by the CITY. As as -built plans are a required Stage 11 Improvement item per City Code Section 117-615, the CITY will not release the required Stage I Improvement Financial Guarantee noted in paragraph #6 above until CITY has received the as -built plans. Additionally, the PERMITTEE agrees to provide to the CITY the plans in CAD format prior to the commencement of construction of the Stage II Improvements. 11. lie hired Private Irn rovements. The private improvements the PERMITTEE will construct or install on the Subject property (the "Required Private Improvements") are as follows: a. Storm drainage facilities b. Storrnwater maintenance C. Parking lot d. Concrete curly and gutter 3