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

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City of Arden Hil}s Chapter l3 Zoning Code 2. The development agreement may provide for several bonds cflvering � separate aspects of the PUD, the aggregate of which sha11 total one hundred twenty-five (I25) percent of aI] the improvements to be constructed and completed by the applicant pursuant to the approved PUD Final Plan, In this case, each bond required by the develapment agreement shali be filed no later than sixty (60} days afier PUD Fina] Plan approval. It may alsa require guarantee bonds in the penal sum af one hundred ( l OQ} percent of ihe cost of compleied improvements, as estimated by the City Engineer to guarantee such improvements for whatever lengths of time are specified therein. 7'l�e re�ease of any band or any portion thereof shali either be governed by the terms and provisions of the development agreement or shall be based upon the recommendation of the City Engineer or City Planner and apprava] by the City Council. 3. If the applicant fails to enter into a development agreemeni and to file the co�porate surety bond with :�ae administrator by the expiration of the sixty day period, the PUD Pe�r�iit, Final Plat (if anv) and approved PUD Final Plan shall be deemed ��ic�;<��ullified and revaked unless an extension is requested in writing by.:.€he applic�3 and far �oad cause granted by the City Council. . - E. Park and Open Spa�e: Dedic�t�an and Covenants. � l. To ensure that any,park, open space, recreational areas, common areas and the lik�:-� -il�� arc�;::.praposed to be owned and maintained by a homeown�t's' as�%�t�:�n, business improvement dastricL or ather similar association `"at'�::: properly maintained for iheir appr�ved uses, the City Caun�i:��Tri��_,require that the applicant execute and �rant to the City ease�€�'ients anc�;; covenants over such areas within saxty (60) dars after ihe City C`Q�ncil:�,as rnade such requirements. 2. If the� applicant fails to execute the open space easements and covenants and to file ihe same with the adzninistrator hy the expiration of the sixty (6Q) day pericrd, the PtJD Permit, Final Plat. if any and Final P1an shali be deemed to be void, nulli�ed and revoked unless an extensian has been required in writing by the applicant and for good cause granted by the City Council. 1320.14 Planned Unit Development (PULI) (Jverlay District_ Subd. 1 General Purpose. The Planned Unit Development (PUD} District promates the development of land in a unified manner by treating the entir�� development as a single entity and relaxing the strict applicatian of standard zoning and subdivision � requirements in exchange for a proiect that better forwards the gaals and pur�ase of the City's Comprehensive P}an. 7�he purpose of the PUD process is to achieve a higher � Section 1320 - District Provisions Adopted: November 13, 204b Paae 53 of b3