2001-09-26 CC - Laserfiche WebLink

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pagle Pass , . 'De'velopment Agreement B. STREET AND UTILITY IMPEDVEl\tffiNTS. In accordance with the policies and ordinances of the City, the following described improvements (hereinafter collectively called the ';Street fLl1d Utility L'11provements"), to include improvements as described by the plans, specifications, and contract dcy,::umems entilkd Eagle Pass Streets and Utilities, as prepared by the Ciry' 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 tl8, Section 38.01, and other impr,)vemems specific to lile devdopment herein set forth: 1. Street Construction. The base course shall be completed before November ]2, 1996. The wear course shall be completed before September 1, 1997, or when the City deems appropriate according to the progress of w~rk on the individual lots. The Developer shall be liable for any increase in cost for construction of the wear course due to delays in construction on the individual lots. A temporary turnaround shall be provided at the end of eagle Trail. To offset the cost of the future street extension u1rough the Eagle Pass development, ll1e Developer shall provide to the Ciry a cash escrow depo::;it in the sum of $1 ,850 to cover me cost of said curb and gutter and street ex.tension, 2. Utility Oversizing. The City arld Developer agree that a portion of the sanitary sewer and waterm<.iin has been installed with sufficie:m capacity to acconul1odate fumre extensions to other area~ of the City. The City shall credit t.."1e Developer for the costs above and beyond the sizes sufficient to acco1T'Jilodate the development. The credit due the Develope:- at me time of filli'1.l plat approval is $20,000. A final credit due the Developer will be calculated at the completion of the utility consrruction. ~. Construction Procf'dures. AU sllch improvements set out in Ordinance #8, Section 38.01, aDd as additionally specified herein shall be instituted, (;onstrLlcted, and fina...rlced as fo Bows: a. Tne Developer shall provide tv the City in writing an indication of the contracrof selected by the Developer to construct and install the Street and Utility Improvements. The City shall rese!'ve the right to determine if the contractOr selected by the Devdoper is acceptable. The City reserves the right to require satisfacrory proof of sClccessfi.ll experk.t:lce and adequate financial status by any such contractor. b. ConsI1uction shall not begin until written notice authorizing constlUction to start is rectived by the Developer from the CilY. C. Construction shalt be completed to the standards and specifications described in the plans and specifications entitled Eagle Pass Streets and Utilities.