Agenda - Council - 12/09/2025 - Laserfiche WebLink

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Management Organization and has provided a copy of such permit to the CITY, if applicable; and b. No occupancy permit shall be issued until the PERMITTEE has: (a) constructed vehicular access to the lot, including the installation of at least one layer of bituminous surfacing; and (b) constructed all utilities and storm water facilities this Agreement requires to serve the lot and such utilities and storm water facilities are in place, operational and accepted by the CITY. SECTION IV ON -SITE LANDSCAPING 12. Maintenance Guaranty for Landscaping. 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 Two Thousand Five Hundred Sixty -Five Dollars and No Cents ($2,565.00) [# plantings (19 trees and 38 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 period commencing on the date of the CITY's written acceptance of said plantings as part of the Required Improvements. At the end of the two (2) year period, the PERMITTEE shall contact the CITY to schedule a final inspection of the landscaping. The determination that all plantings that have been planted in accordance with the Plans have either survived or have been replaced shall be made by the CITY. Upon approval of the final landscape inspection by the CITY, the maintenance guaranty shall be returned to the PERMITTEE. In the event the PERMITTEE fails to maintain the required plantings for a two (2) year period, the City Council may order the replacement of plantings with CITY day labor and/or by letting contracts and draw upon the escrow for payment. Only the City Council shall have the authority to direct replacement of the plantings and withdraw from the escrow account. 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 default. SECTION V GENERAL 13. Easement Document. The CITY and PERMITTEE shall sign a cross -access and maintenance easement document regarding the access roadways directly north of the Subject Property. This document will require the PERMITTEE to construct and maintain that roadway until other users locate along the roadway or it is converted into a public roadway. 14. As -Built Record Plan. The PERMITTEE shall provide the CITY with a set of reproducible as - built plans in Computer Aided Drafting (CAD) format upon completion of storm sewer, sanitary sewer, and water connections at the stubs. 15. Survey Monumentation. The PERMITTEE must protect all lot corner stakes and survey monumentation at all lot corners. 16. Preconstruction Meeting. The PERMITTEE shall schedule and hold a pre -construction meeting with the City Engineer prior to commencing site work. CorTrust Bank, N.A. Development Agreement Page 5 of 9