1996-12-11 - CC Packet - Laserfiche WebLink

Home Browse Search

Willow Glen DRAFT Development Agreement Revised December 5, 1996 of the Private Improvements by the City to an amount deemed adequate by the City Engineer to cover the two year warranty period described herein. The City shall have the right during said warranty period to draw on the Letter of Credit for any warranty work that is necessary. The City reserves the right to draw, in whole or in part, on any portion of the Irrevocable Letter of Credit for the purpose of guaranteeing the terms and conditions of this contract. The Irrevocable Letter of Credit shall be renewed or replaced by not later than twenty (20) days prior to its expiration with a like letter or bond. g. Reduction of Escrow Guarantee The Developer may request reduction of the Letter of Credit or cash deposit based on prepayment or the value of the completed Private Improvements at the time of the requested reduction. The amount of reduction will be determined by the City and such recommendation will be submitted to the City Council for action. h. Approval of Contractors Any contractor selected by the Developer to construct and install any Private Improvements must be determined in writing by the City Engineer to be acceptable. The City reserves the right to require satisfactory proof of successful experience and adequate financial status by any such contractor. i. Association Responsibilities All maintenance and repair of the Ana paved areas shall be the responsibility of the townhome association. Until such time that an association is chosen by the Developer, the Developer shall be responsible for the above mentioned items. Any storm sewer er streets . within the City drainage and utility easement shall remain the sole responsibility of the Developer and /or Association. No trash receptacles shall be allowed outside of the residents garages, except for the purpose of collection as indicated in the City Ordinances. B. PUBLIC IMPROVEMENTS In accordance with the policies and ordinances of the City, the following described improvements (hereinafter collectively called the "Public Improvements "), to include improvements as described by the plans, specifications, and contract documents entitled Willow Glen Sanitary Sewer and Watermain Improvements, as prepared by the City Engineer, MSA Consulting Engineers, and as adopted and approved by the City Council of the City of Centerville. Said improvements shall be constructed and installed by the City to serve the Subdivision on the terms and conditions according to Ordinance #8, Section 38.01, and other improvements specific to the development herein set forth: 1. Construction Procedures All such improvements set out in Ordinance #8, Section 38.01, and as additionally specified herein shall be instituted, constructed, and financed as follows: 2601084- 2404.w Page 5