pf_02885 - Laserfiche WebLink

Home

JUL. 30. 1997 1:47PM CITY OF ROSEVILLE NO. 724 P. 4/11 Development ContJact Southwind of Rosevilte Page 4 The bank and form of the tetter of credit shan be subject to the approval of the City Manager. The letter of a-edit shall be for a term ending February 28, 1999. In the alternatiVe, the tetter of credit may be for a one (1) year term provided it is automatically renewable for successive one year periods from the present or any future expiration dates with a finaf expiration date of FebrUaty 28. 1999. unless sixty (50) days prior to an expiration date the bank notifies the City that it elects not to renew for an addittonai period. The tetter of credit shaW secure compfiance with the terms of this Contrad and aM financial obligations of the Developer under it. The City may draw down on the letter of credit without notice upon receiving notice that the letter of credit will be allowed to lapse before February 28.1999. In the event of a default under this Development Contract by the Developer, the City shall furnish the Developer with written notice by certified mail of Developers default (s) under the terms of this Development Contract. If the Developer does not remove said default(s) within two (2) weeks of receiving notice, the City may draw on the tetter of credit. V\mh City approval the letter of credit may be reduced once per year as financial obligations are paid and public improvements are completed to City's requirements. 10. Grading Plan/Site Grading 11. The site grading and drainage plan for the entire plat is attached to this contract. The developer snail submit a certificate of survey of the development to the City after site grading, with street and lot grades. Aft improvements to the lots and the final grading shan comply with the grading plan as submitted and shaff be the l responsibility of the Developer. r ~ o~ ~.jJ"- (1, ~ C; License ~ \J ~ S..q<<> ~. ~CJr~ cA · The Developer hereby grants the City, its agents, emp $, o~d contractors a license to enter the plat to perform an work and ins . ns deemed appropriate by the City during the installation of public improvements. The license shaH expire after the pfat has been developed. All costs associated with inspect10ns shall be reimbursed by the developer. 12. Erosion Control Prior to site grading, and before any utility construction is commenced or buifding permits are issued, an ems ion control items as shown on the grading and erosion control pfan shall be imptemented, inspected and approved by the City. An areas disturbed by excavation and backfitling operations shan be reseeded within 72 hours after the completion of the work in that area. Except as otherwise provided in the grading and erosion control plan, seed shall be rye grass or other fast-growing seed suitable to the existing soil to provide a temporary ground cover as rapidlv as possible. All seeded areas shall be mulched and disc anchored for seed retention.