CCP 09-08-1997 - Laserfiche WebLink

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..... "-'-'.~'. '. .............,_Y.' .. ''-l.'. ...........'......~.l ~..- ...'-'''' '..."'.... .' ~ .........,.......... ~1'-'\...JU., . .'-1....'. ...........__....... v v ~, I' 3/1 1 required by the City.'.s Consulting Engineer tlnd ~ with the preiiminarr and final grading emd erosion control plans attached as Exhibits B and C. 4. Landscaping improvements Shall be completed by I June 30, 1998. 4.02 Administrative Fees. Developer agrees to reimburse the I City for all Costs and consulting fees which it incurs in reviewing the development of Red Oak Ridge and in supervising the cOmpletion of the improvements required by this Agreement. I 4.03 1 Imorovement. Estimated Cos1;, I Site Grading $27,000 ~t - - ~ ---- < Sanitary Sewer $10,000 _. Water Main $11,500. . -_. , . 1 - ,Drainage Improvements $ 5,500 Street 'Improvements $31,500 Administrative Fees\lnspection $ 4.500 Ie SUBTOTAL: $90,000 + 25'$ $22,500 TOTAL AMOUNT OF SECURITY REQUIREO $112,500 1 4.04 Imorovement Security. Prior to the City's endorsement of approval on the final plat, the Developer shall deposit security with the City Administrator in an amount equal to 125% of the City's Engineer's estimate of the cost of 1 constructing the required imprqvements and payment of any administrative feES :::eql~.iT.~d IvL:-ein. The secu:dty m,aYbe in the fonn of a cash escrow fund, d performance bond, or 1 a letter of credit. The fo::-m of security shal1 be approved by the City Attorney. , '.....'1' . 4.05 Reduction of Security. Upon completion of required.~ I improvements and acceptance by the City, the City Council shall redUce the amount of security for the completed improvements provided that in no case shaH the total remaining- sec:urii:y be equal to less than 125% of the I estimated costs of the incomplete improvements and of the estimated and unpaid administrative fees. I 1 3 .- " , I . .