Laserfiche WebLink
20 <br />TW185\1\1011577.v13 <br />32. SPECIAL PROVISIONS. The following special provisions shall apply to the <br />Development: <br />A. Implementation of the recommendations listed in JDA Resolution 2025- <br />001, approved and adopted by the Joint Development Authority on March <br />17, 2025. <br />B. The Developer is required to submit the Final Plat to the JDA in electronic <br />format. The electronic format shall be Auto CAD file. <br />33. SUMMARY OF SECURITY REQUIREMENTS. To guarantee compliance <br />with the terms of this Agreement, payment of the costs of all improvements, and construction of <br />all Infrastructure Improvements, the Developer shall, prior to issuance of the building permit, <br />furnish the JDA with a cash payment for only those items listed in paragraph B below, Developer <br />may, in lieu of cash, provide a bond (the cash or, as applicable the bond, collectively the <br />“Security”) as indicated below. Any bond provided as Security must be issued by a surety company <br />authorized to conduct business in the state of Minnesota, and will identify the Infrastructure <br />Improvements and the time schedule for their completion. The amount of the Security includes all <br />of the Security requirements set for in the preceding sections of this Agreement and was calculated <br />as follows: <br />A. CONSTRUCTION COSTS – CASH OR LETTER OF CREDIT ONLY: <br />Sanitary Sewer System $ 32,000 <br />Water System (private south run of water loop) $150,000 <br />Parking Lot $338,000 <br />Concrete Curb and Gutters $142,000 <br />Total costs $662,000