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14 <br /> <br />bo <br /> <br />Prior to commencing any grading operations, a cash escrow or letter of credit <br />approved as tO form by the City in the amount of Ten Thousand Dollars ($10,000.00) <br />shall be deposited with the City. This financial guarantee may be used by the City to <br />pay for the cost and expense of repairing any public right of ways or regrading and <br />stabilizing eroded areas due to the grading operation, pay for any cost associated in <br />administering the requirements of this Chapter of the City Code, and to pay for any <br />restoration of the worksite not properly restored upon completion. <br /> <br />Stockpiling of material shall be confined to locations within the Village of Sunfish <br />Lake, as identified in the applicant's application. <br /> <br />The permit holder shall file with the City a liability insurance policy or certificate of <br />such insurance acceptable to the City and issued by an insurance company authorized <br />to do business in the State of Minnesota. <br /> <br />The policy shall insure the permit holder for the sum of at least $300,000 for injury to <br />one person and $500,000 for one accident, and at least $1,100,000 property damage. <br /> <br />Said policy shall be for the full Period of the permit and shall provide for the giving of <br />10 daYs prior notice to the City by registered mail of termination, cancellation or <br />amendment of the policy. <br /> <br />In the event said policy is terminated for any reason, the permit shall be automatically <br />suspended upon the day the policy terminates unless a new policy complying with this <br />item is obtained and filed with the City prior to the termination of the policy in force. <br /> <br />The Permit Holder shall utilize imported material consistent with the grading plan for <br />Village of Sunfish Lake dated March 6, 2003 <br /> <br />All costs incurred by the City in executing and administering this permit shall be the <br />responsibility of the permit holder. The permit holder shall maintain a minimum Five <br />Hundred Dollar ($500.00) balance in an escrow account with the City. This escrow <br />shall be used to reimburse the City for expenses incurred in' the administration of this <br />permit. At the time the mining operation and site restoration are completed to the <br />satisfaction of the City, the balance of the escrow shall be returned to the Permit <br />Holder. <br /> <br />The haul route for the excavated material will be as follows: From Highway 10 north <br />on Sunfish Lake Blvd. (CR 57), then north to Sunwood Drive; then eastward on <br />Sunwood Drive to the proposed subdivision entrance at 145th Ave. Empty vehicle <br />will return along the reverse route. <br /> <br />All haUling operations shall be conducted between 7:00 a.m. and 8:00 p.m. on <br />weekdays only unless otherwise specifically approved by the City Administrator <br />and/or his designee. <br /> <br />I <br />! <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />! <br />! <br />I <br />! <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br /> <br />