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06-09-10-PC
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06-09-10-PC
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11/9/2015 2:49:41 PM
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6/3/2010 3:16:04 PM
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DRAFT <br />DRAFT: 6/3/2010 <br />Page 50 of 50 <br />approved PUD Final Plan. In this case, each bond required by the <br />development agreement shall be filed no later than sixty (60) days <br />after PUD Final Plan approval. It may also require guarantee bonds in <br />the penal sum of one hundred (100) percent of the cost of completed <br />improvements, as estimated by the City Engineer to guarantee such <br />improvements for whatever lengths of time are specified therein. The <br />release of any bond or any portion thereof shall either be governed by <br />the terms and provisions of the development agreement or shall be <br />based upon the recommendation of the City Engineer or City Planner <br />and approval by the City Council. <br /> <br />3. If the applicant fails to enter into a development agreement and to <br />file the corporate surety bond with the administrator by the expiration <br />of the sixty day period, the PUD Permit, Final Plat (if any) and <br />approved PUD Final Plan shall be deemed void, nullified and revoked <br />unless an extension is requested in writing by the applicant and for <br />good cause granted by the City Council. <br /> <br />E. Park and Open Space Dedication and Covenants. <br /> <br />1. To ensure that any park, open space, recreational areas, common <br />areas and the like that are proposed to be owned and maintained by a <br />homeowners' association, business improvement district, or other <br />similar association are properly maintained for their approved uses, the <br />City Council may require that the applicant execute and grant to the <br />City easements and covenants over such areas within sixty (60) days <br />after the City Council has made such requirements. <br /> <br />2. If the applicant fails to execute the open space easements and <br />covenants and to file the same with the administrator by the expiration <br />of the sixty (60) day period, the PUD Permit, Final Plat, if any and <br />Final Plan shall be deemed to be void, nullified and revoked unless an <br />extension has been required in writing by the applicant and for good <br />cause granted by the City Council.
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