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ARDEN HILLS PLANNING COMMISSION – September 6, 2017 4 4. The Developer shall submit a financial surety in the amount of 125 percent of the estimated costs of public infrastructure improvements including grading, utilities, and paving, prior to the issuance of a Grading and Erosion Control Permit. The financial surety shall be in the form of a letter of credit issued by a FDIC-insured bank, and be in a form acceptable to the City. The purpose of the letter of credit is to ensure that public infrastructure improvements are completed in the event that the developer defaults on the Development Agreement. 5. The Developer shall submit a cash escrow in the amount of 25 percent of the estimated costs of public infrastructure improvements including grading, utilities, and paving, prior to the issuance of a Grading and Erosion Control Permit. The escrow will be used for City costs related to review, approval, and inspection of public infrastructure improvements or any costs incurred by the City in the event of a developer default. 6. The Developer shall submit a financial surety in the amount of 125 percent of the estimated costs of landscaping prior to the issuance of a Grading and Erosion Control Permit. The financial surety shall be in the form of a letter of credit issued by a FDIC- insured bank. The purpose of the letter of credit is to ensure that landscaping is completed in the event that the developer defaults on the Development Agreement. The City will hold the letter of credit for two years after the installation of landscaping. The letter of credit should not expire during the two-year period. 7. The Developer shall provide the City with a copy of the Rice Creek Watershed District permit for the project prior to the issuance of a Grading and Erosion Control Permit. 8. The Developer shall obtain a Right-of-Way Permit from the City for any construction work required for the development within the Northwoods Drive right-of-way. 9. Final grading, drainage, utility, and site plans shall be subject to approval by the City Engineer, Building Official, City Planner, and Fire Marshall prior to the issuance of a Grading and Erosion Control Permit or other development permits. 10. All ground and roof-mounted mechanical equipment shall be screened from ground-level view of public streets. Wood screening shall not be permitted. 11. The Developer shall provide evergreen shrubbery plantings along Northwoods Drive to screen the adjacent parking lot. 12. The Developer shall provide a minimum of four (4) bicycle parking spaces on the site. 13. The Fire Department Connection (FDC) shall be located within 150 feet of a hydrant and at the front of the building or in a visible riser room. 14. The Developer shall provide a minimum of 1,660 square feet of perennial and/or shrubbery plantings. Senior Planner Bachler reviewed the options available to the Planning Commission on this matter: 1. Recommend Approval with Conditions 2. Recommend Approval as Submitted. 3. Recommend Denial 4. Table Chair Thompson opened the floor to Commissioner comments. Commissioner Jones asked how the lot to the east would be accessed.