7A, Amend Sections 1305.04 and 1320 in the Zoning Code

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Ordinance 2010-012 preliminary plat, final �lat, and conditionai use permit may atso be � required. The applicant sha11 provide the fc�llowing: 1. A written statement describing the proposed development in the PUD Final P1an application. 2. The �roposed starting and completion dates for the construction. 3. The applicant sha11 submit documentation demonstrating that the PUD Final Plan is in conformance with the PUD Master Plan. C. Development Agreement and Bonding. l. A development agreement and corporate surety may be required at the time of PUD Final Plan approval by the City Cauneil to assure that al] improvements to be constructed as part of the approved PUD Final Plan are completed in accardance with the terms at�d conditions of such plan, ar each siage thereof as outiined in the constructzon siaging component. The bond shall guarantee in a penal suin equal ta one hc�ndred twenty-five { 125) percent of ihe cast af such improvements as estimated by the City. The development agreemer�t and bond sha11 be f led with the administratar no Iater than sixty {60} days after PUD Final Plan approval. 2. The development agreement may provide for several bonds covering separate aspects of tY�e PUD, ihe aggregate of which shall total one hundred twenty-five (125} percent of all the improvements tt� be consiructed and completed by the applicar�t pursuant to the approved PUD Fina1 P1an. In ihis case, each bond rec}�ired by the development agreement shali be filed no later than sixty {64} days after PUD Fi�a1 Plan apprQval. It may alsa require guarantee bonds in the penal sum of one hundred ( l OQ) percent of the cast of completed improvemenis, as estimated by Ehe City Er�gineer to guarantee such improve�ents far whatever lengths of time are specified therein. The release of any bond or a�y portion thereaf shall either be governed by the ierms and provisions af the development agree�ment or shali be based upon the recammendation of the City E�gineer or City Planner and approval by the City Cvuncil. 3. If the applicant fails to enter into a development agreement and to file the corporate surety bond with the administratar by the expiration of the sixty day period, the PLTD Permii, Final Plat (if any) and approved PUD Finat Plan shal] be deemed void, nul]ified and revoked unless an extension is requested in writing by the applicant and for gaad cause granted by the City Cauncil. � Page 83 of 84