Agenda - Council - 07/08/2025 - Laserfiche WebLink

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improvements. The warranty must be in the form of a Letter of Credit, approved as to form by the CITY, or a cash escrow. 15. Maintenance Guarantee for Landscaping. It is herein agreed that the PERMITTEE shall provide the CITY a landscape maintenance guaranty to ensure the survival of the plantings. Said landscape maintenance guaranty shall consist of cash or a Letter of Credit, approved as to form by the CITY, in the amount of Seven Thousand Two Hundred Forty Five Dollars and No Cents ($7,425.00) [# plantings (61 trees) x cost/planting ($300/tree x 30% average non -survival rate, (86 shrubs) x cost/planting $75/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 Private Improvements. At the end of the two-year period, the PERMITTEE shall request a final inspection by the CITY to determine that all plantings that have been planted in accordance with the Plans have either survived or have been replaced. Upon approval of this final inspection, the landscape maintenance guaranty shall be returned to the PERMITTEE. In the event the PERMITTEE fails to maintain the required plantings for a two-year period, the City Council may order the replacement of plantings with CITY day labor and/or by letting contracts and draw upon the landscape maintenance guaranty for payment. Only the City Council shall have the authority to direct replacement of the plantings and draw upon the landscape maintenance guaranty. The PERMITTEE hereby grants permission and a license to the CITY and/or its contractors and assigns to enter upon the Subject Property for the purpose of replacing plantings in the event of the PERMITTEE's default. 16. Street Cleaning and Clean Up. After the street surfacing that is a part of the Stage I Improvements is installed, the PERMITTEE shall clear any soil, earth, or debris from the streets. From time to time, the CITY may remove accumulations of soil, earth, and debris from the streets resulting from the construction of the Stage I Improvements. It shall be the PERMITTEE'S responsibility to pay the costs associated with this necessary street cleaning. Invoices from the CITY to the PERMITTEE for such costs shall be paid within fifteen (15) days of the date of the invoice. 17. Payment of Development Fees. The PERMITTEE must pay to the CITY the fees described on Exhibit B which may include, but are not necessarily limited to, Park Land Dedication Fees, Trail Development Fees, Sanitary Sewer Connection (Trunk) Fees, Water Connection (Trunk) Fees, Sanitary Sewer Lateral Fees, Water Lateral Fees, Storm Water Management Fees, Street Signage Fees, and Street Light Operation and Maintenance Fees. It is acknowledged that development fees (Park Dedication, Trail Development, Sanitary Sewer Connection (Trunk), Water Connection (Trunk), and Storm Water Management) were paid previously for RTC 7111 Addition for 190 units. Only eighty-eight (88) units were built, leaving a credit for 102 additional units. The first phase of Parkside Townhomes included thirty (30) units, leaving a credit for seventy-two (72) additional units in future phases. This Plat includes thirty-eight units, meaning there will still be a credit of thirty- four (34) units for future phases. 18. Requirements for Building and Occupancy Permits. a. No building permit for any lot in the Plat shall be issued until the PERMITTEE has: (a) installed a Class 5 driving surface to within 300 feet of the structure; (b) provided the CITY Building Official with a Certificate of Survey; c.) the Financial 5