2017-11-08 CC Packet - Laserfiche WebLink

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improvements or provide Developer with a written notice of work that is unacceptable and what is required to make the work acceptable to the City. If the City fails to provide a written notice of unacceptable work within 90 days,then the City shall be deemed to have accepted the public improvements identified in the Developer's written request for acceptance. b. The Developer warrants all Improvements required to be constructed by it pursuant to this Agreement against poor material and faulty workmanship. The warranty period for streets is two years from the date of completion of the wear course pavement. The warranty period for underground utilities is two years from the date of acceptance by the City. If all Improvements are installed by one contractor,the warranty period shall commence after the final wear course has been completed and the City has accepted the streets. If streets and underground utilities are installed by separate contractors,the two-year warranty period on streets shall commence after the final wear course has been installed and accepted by the City, and the two (2)year warranty period on underground utilities shall commence following their completion and acceptance by the City. The Developer or his contractor shall post maintenance bonds in the amount of thirty-five percent(35%) of final construction costs to secure the warranties. The City standard specifications for utilities and street construction identify the procedures for final acceptance of streets and utilities. 21. HOME OWNERS ASSOCIATION. THIS SECTION TO BE PROPOSED BY DEVELOPER ADDRESSING THE FOLLOWING ISSUES: a. System for deeding HOA to all lots, including the duty to perpetually fund the HOA b. Identify ownership of common property to include the pond,boardwalk, off-street parking, etc.And include duty for HOA to maintain all property. VKG--2017-11-03 Page 13 28