2016-086 Council Resolution - Laserfiche WebLink

Home Search

Clearwater Creek Business Park Development Agreement August 8, 2016 days after notification by the City. The Developer shall be responsible for all necessary street and storm sewer maintenance, including street sweeping, until all building construction is completed, unless otherwise released by the City. Warning signs shall be placed when hazards develop in streets to prevent the public from traveling on them, including detour signs if necessary. If and when the streets become impassable, such streets shall be barricaded and closed. The Developer shall maintain a smooth, hard driving surface and adequate drainage on all temporary streets. 7. Time of Performance. The Developer shall install all required improvements enumerated in Paragraph 6 by November 30, 2016. The Developer may request a reasonable extension of time from the City. If the extension is granted, it shall be conditioned upon updating the security posted by the Developer to reflect cost increases and the extended completion date. 8. Record Drawings. a. Upon grading completion, Developer shall submit an as -built survey certifying that all grading complies with the grading plan. The files shall be drawn in Anoka County NAD 83 Coordinate system and provided in both AutoCAD.dwg and Adobe .pdf file formats. The plans shall include accurate locations, dimensions, elevations, grades, slopes and all other pertinent information concerning the complete work. b. City will fully release all securities when the as -built survey has been accepted by the City Engineer, which acceptance will not be unreasonably withheld, conditioned or delayed. 9. Faithful Performance of Construction Contracts and Security. a. The Developer will fully and faithfully comply with all terms and conditions of any and all contracts entered into by the Developer for the installation and construction of all Developer Improvements. Concurrent with the execution hereof by the Developer, the Developer will furnish to, and, subject to Section 8(b), at all times thereafter maintain with the City, a cash deposit, certified check, or Irrevocable Letter of Credit, in the amount of one hundred fifty (150%) percent of the total estimated cost of Developer's Improvements. b. Irrevocable Letter of Credit. If an Irrevocable Letter of Credit is utilized, it shall be for the exclusive use and benefit of the City of Lino Lakes and shall state that it is issued to guarantee and assure performance by the Developer of all the terms and conditions of this Development Agreement and construction of all required improvements referenced therein in accordance with the ordinances and specifications of the City. The letter shall be in a form, and from a bank, as page 3