Agenda - Council - 06/26/2007 - Laserfiche WebLink

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6. FIRE LANES. Fire lanes shall be maintained on the Site. The exact location of these items on the Site shall be as directed by the City's Fire Chief. 7. LIGHTING. Any lighting installed on the Site must follow the approved lighting plan and is subject to prior approval by the City Engineer. 8. BUILDING FACADE. The Permittee agrees to construct the structure in accordance with the approved building and garage elevations dated May 7, 2007. 9. REQUIREMENTS FOR BUILDING PERMIT. No building permit shall be issued until: (a) the Permittee has signed and returned this Development Permit, (b) All final plans have been submitted to the satisfaction of the planning and engineering department; (c) a Certificate of Survey, including that survey information required by the CITY has been supplied to the City Building Official; (d) all the financial guarantees and development fees required by the CITY have been satisfied; and (e) the CITY has been provided with a copy of all permits required by other agencies, including the Lower Rum River Water Management Organization. Approval of the building foundation requires a certificate of elevation signed by a licensed (State of Minnesota), professional land surveyor, verifying that the elevation complies with the approved grading plan for the Plat. Foundation approvals will require a certificate of elevation verifying that the actual elevation is in compliance with the approved grading and drainage plan. The lowest floor elevation shall be at least 2 feet above the 100 year elevation. No occupancy permits shall be issued until: (a) vehicular access is provided including the installation of at least one layer of bituminous surfacing; (b) all utilities are in place, operational and accepted by the CITY; (c) the City has been provided with a certificate of grading for any lot with a slope flatter than 2 %. 10. FINANCIAL SURETY FOR REQUIRED IMPROVEMENTS. In order to ensure the installation of the Required Improvements in accordance with City specifications and in a timely manner, the Permittee shall be required to deposit with the City a cash escrow or letter of credit, approved as to form by the City, in the amount of Eight - hundred Thousand dollars, and no cents ($800,000.00) which is 150% of the City's estimated cost of the Improvements. Prior to the issuance of the building permit, all financial guarantees must be provided as required herein. Upon completion of the construction of the Required Improvements, the financial guarantee shall be returned to the Permittee and the Permittee shall be required to provide the landscaping maintenance guarantee described in Item # 12 of this Development Permit. The determination of completion of the construction of the Required Improvements shall be made by the City Council after consultation with the City Engineer. In the event the Permittee fails to construct and install the Required Improvements as required herein, the City Council may order the completion of the Required Improvements with City day labor and/or by letting contracts for said completion and draw upon the escrow for payment. Only the City Council shall have the authority to direct completion of the Required Improvements 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 Site for the purpose of completing the Terrace Hill Apartments Development Permit Page 2 of 5 —320—