09-09-1998 Council Agenda - Laserfiche WebLink

Home Browse Search

subject property. Said plan must be reviewed and approved by the City's Planner. k. Developer shall replace all dead and /or damaged landscaping material and adequately seed boulevard areas between north property line and County Road D within Heritage Office Park 2nd Addition and warrant same as provided for in Provision #17 to follow. Work shall be completed by September 30, 1998. 1. Developer shall raise existing fire hydrant along County Road D in manner prescribed by City's Director of Public Works to allow for proper access in all seasons. Developer shall also install handicap designated parking space signage and stripe the existing parking lot pursuant to appropriate codes. Both items shall be completed by October 3Q, 1998. m. Any municipal deferred assessments levied against parcels contained within this plat shall be paid in full with accrued interest by December 31, 1998. 15. Letter of Credit. The Developer shall furnish the City with an Irrevocable Letter of Credit from an approved lending institution in the amount of Twenty Thousand and No /100 Dollars ($20,000.00) prior to the commencement of construction of improvements to guarantee their completion. Said Letter of Credit shall be immediately available for the City's use to complete part or all of the construction in a timely and satisfactory manner, as determined by the sole discretion of the City. It shall remain in full force and effect until completion and acceptance of the project based on the sole determination of the City. It may be reduced to Five Thousand and No /100 Dollars ($5,000.00) upon completion of all work except landscaping and approval of same by City. The Letter of Credit shall be released in its entirety once all grading and landscaping is complete pursuant to approved plans and receipt of a twenty -four (24) month warranty Page 28