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04-13-15-R
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04-13-15-R
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ARDEN HILLS CITY COUNCIL – FEBRUARY 23, 2015 6 <br /> <br />4. That the Developer shall submit a financial surety in the amount of 125 percent of the <br />estimated costs of site improvements including grading, utilities, and paving, prior to the <br />issuance of a building permit. The financial surety shall be in the form of a letter of credit <br />issued by a FDIC-insured Minnesota bank, and be in a form acceptable to the City. The <br />purpose of the letter of credit is to ensure that site improvements are completed in the <br />event that the developer defaults on the PUD Development Agreement. <br />5. That the Developer shall submit a cash escrow in the amount of 25 percent of the <br />estimated costs of site improvements including grading, utilities, and paving, prior to the <br />issuance of a building permit. The escrow will be used for City costs related to review, <br />approval, and inspection of site improvements or any costs incurred by the City in the <br />event of a developer default. <br />6. That the Developer shall submit a financial surety in the amount of 125 percent of the <br />estimated costs of landscaping prior to the issuance of a building permit. The financial <br />surety shall be in the form of a letter of credit issued by a FDIC-insured Minnesota bank. <br />The purpose of the letter of credit is to ensure that landscaping is completed in the event <br />that the developer defaults on the Development Agreement. The City will hold the letter of <br />credit for two years after the installation of landscaping. The letter of credit should not <br />expire during the two-year period. <br />7. That the Developer shall submit a cash escrow in the amount of 25 percent of the <br />estimated costs of landscaping prior to the issuance of a building permit. The escrow will <br />be held by the City for two years after installation of landscaping and used for City costs <br />related to review, approval, and inspection of landscaping, or developer default. <br />8. That the proposed project may require permits, including, but not limited to, <br />MPCANPDES, Rice Creek Watershed District, Minnesota Department of Health, <br />MPCASanitary Sewer Extension, Ramsey County and City Right of Way, and City <br />Grading and Erosion Control permits. Copies of all issued permits shall be provided to the <br />City prior to the issuance of any development permits. <br />9. That the final plans shall be subject to approval by the Building Official and Fire Marshal <br />prior to the issuance of a building permit. <br />10. Final grading, drainage, utility, and site plans shall be subject to approval by the Public <br />Works Director, City Engineer, and City Planner prior to the issuance of a grading and <br />erosion control permit or other development permits. <br />11. That upon completion of grading and utility work on the site, a grading as-built and utility <br />as-built shall be provided to the City for review. <br />12. That the final plans shall be revised to meet the standards as outlined by the Assistant City <br />Engineer in the memo dated 2-19-15. <br />13. That the final Lighting and Photometric Plan shall be reviewed and approved by the City <br />prior to the issuance of a building permit. <br />14. That the applicant shall conform to all other City regulations. <br /> <br />Mayor Pro-Tem McClung thanked City Planner Streff for his report and asked if the Council <br />had any questions of staff. <br /> <br />Councilmember Holden asked if all landscaping requirements were being met. <br /> <br />City Planner Streff stated that this was the case. <br />
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