My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
5C, Planning Case 12-019 - 1201 County Road E Development Agreement
ArdenHills
>
Administration
>
City Council
>
City Council Packets
>
2010-2019
>
2013
>
02-11-13-R
>
5C, Planning Case 12-019 - 1201 County Road E Development Agreement
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
2/8/2013 8:51:42 AM
Creation date
2/8/2013 8:49:14 AM
Metadata
Fields
Template:
General
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
36
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
• Landscaping and tree planting shall be authorized and required as shown on the Plans, <br /> B. The Developer shall submit the Site construction documents in electronic format. The electronic <br /> format shall be Autocad file. <br /> 22. SUMMARY OF SECURITY REQUIREMENTS. To guarantee compliance with the terms of this Agreement, <br /> payment of the costs of related to SAC, WAC and the Landscaping Plan, the Developer shall furnish the City with a <br /> letter of credit, in a form reasonably acceptable to the City,from an FDIC insured bank("Security')for$62,500. The <br /> bank shall be subject to the approval of the City Administrator. The City may draw down the Security, upon thirty (30) <br /> business days prior written notice to the Developer for any violation of the terms of this Agreement. Amounts drawn shall not <br /> exceed the amounts necessary to cure to the default. If the required Improvements are not completed at least thirty (30) days <br /> prior to the expiration of the Security, the City may also draw it down. If the Security is drawn down, the proceeds shall be <br /> used to cure the default. Upon receipt of proof satisfactory to the City that Improvements have been completed and financial <br /> obligations to the City have been satisfied and subject to Section 19,with City approval the Security may be reduced from time <br /> to time by ninety percent(90%)of the financial obligations that have been satisfied. At least,ten percent(10%)of the amounts <br /> certified by the Developer's representative shall be retained as Security until all Improvements have been completed, all <br /> financial obligations to the City satisfied,the required "as constructed"site plans have been received by the City,and the public <br /> I <br /> Improvements are accepted by the City Council. The City standard specifications for utilities and street construction outline <br /> i <br /> procedures for Security reductions. <br /> 23. Intentionally Omitted. <br /> 24. RESPONSIBILITY FOR COSTS. <br /> A. Except as otherwise specified herein, the Developer shall pay all reasonable costs incurred by it or <br /> the City in conjunction with the development of the Site. The City will provide monthly invoices to the <br /> Developer for any costs incurred by the City. <br /> B. The Developer shall hold the City and its officers, employees,and agents harmless from claims made <br /> by itself and third parties for damages sustained or costs incurred resulting from Developer's or its agents' <br /> negligent actions.The Developer shall indemnify the City and its officers,employees, and agents for all costs, <br />
The URL can be used to link to this page
Your browser does not support the video tag.