2005-02-28 P & Z Agenda - Laserfiche WebLink

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I- I ! City ofCenterville Ordinance #8 Effective 12116/82 * = Subject to approval of City Engineer ARTICLE 3 - CONSTRUCTION AND IMPROVEMENTS 31. 32. 33. 33.01. 33.02. GENERAL CONDITIONS. Upon receipt of the preliminary plat approval by the Council and prior to Council approval of the final plat, the subdivider shaIl make provision, in the manner here-in-after set forth, for the installation at the sole expense of the subdivider for such improvements as shall be required by the City, which improvements may include but are not limited to street, sidewalks, public water systems, sanitary sewer systems, surface and storm drainage systems and public utility services. The instaIlation of the said improvements shall be in conformity with approved construction plans and specifications and all applications and all applicable standards and ordinances. DEVELOPER'S AGREEMENT. Prior to the installation of any required improvements and prior to approval of the final plat, the subdivider shaIl enter into a contract with the City which contract shall require the subdivider to construct said developer improvement at the sole expense of the subdivider and in accordances at the sole expense of the subdivider and in accordance with approved construction plans and specifications and all applicable standards and ordinances. The contract will define the developer's responsibilities with regard to City Improvement. Said contract shall provide for the supervision of construction by the City Engineer, and said contract shaIl require that the City be reimbursed for all costs incurred by the City for engineering and legal fees and other expenses in connection with the making of such improvements. The performance of such contract shall be financiaIly secured by a cash escrow deposit or performance bond as here-in-after set forth. FINANCIAL SECURITY. The developer's agreement shall require the subdivider to make a cash escrow deposit or in lieu thereof to furnish a performance bond in the foIlowing amounts and upon the foIlowing conditions: ESCROW DEPOSIT. The subdivider shaIl deposit with the Treasurer a cash amount equal to one hundred fifty (150) percent of the total cost of such improvements as estimated by the City Engineer, including the estimated expense of the City for engineering and legal fees and other expenses incurred by the City in connection with the making of such improvement. LETTER OF CREDIT AND/OR PERFORMANCE BOND. In lieu of a cash deposit, subdivider may furnish a letter of credit and/or performance bond, with a corporate surety satisfactory to the City, in a penal sum equal to one hundred fifty (150) percent of the total cost of such improvements as estimated by the City Engineer, including the estimated expense of the City for the engineering and legal fees and other expenses incurred by the City in Page 12 of34