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Saddle Club 4th Addition <br />Grading and Trunk Utility Agreement <br />October 8, 2018 <br /> <br /> page 3 <br />sweeping, until all home construction is completed, unless otherwise <br />released by the City. Warning signs shall be placed when hazards <br />develop in streets to prevent the public from traveling on them, <br />including detour signs if necessary. If and when the streets become <br />impassable, such streets shall be barricaded and closed. The Developer <br />shall maintain a smooth, hard driving surface and adequate drainage on <br />all temporary streets. <br />c. Sanitary sewer mains, laterals or extensions, including all necessary building <br />services and other appurtenances, shall be furnished and installed. <br />d. Water mains, laterals or extensions, including all necessary building services, <br />hydrants, valves and other appurtenances, shall be furnished and installed. <br />8. Time of Performance. The Developer shall install all required improvements <br />enumerated in Paragraph 6 by June 30, 2019. The Developer may request a reasonable <br />extension of time from the City. If the extension is granted, it shall be conditioned upon <br />updating the security posted by the Developer to reflect cost increases and the <br />extended completion date. <br />9. Record Drawings. <br />a. Upon grading completion, Developer shall submit an as-built survey certifying <br />that all grading complies with the grading plan. The files shall be drawn in Anoka <br />County NAD 83 Coordinate system and provided in both AutoCAD .dwg and Adobe <br />.pdf file formats. The plans shall include accurate locations, dimensions, <br />elevations, grades, slopes and all other pertinent information concerning the <br />complete work. <br />b. No securities will be fully released until the as-built survey has been accepted by <br />the City Engineer. <br />10. Faithful Performance of Construction Contracts and Security. <br />a. The Developer will fully and faithfully comply with all terms and conditions of any <br />and all contracts entered into by the Developer for the installation and <br />construction of all Developer Improvements. Concurrent with the execution <br />hereof by the Developer, the Developer will furnish to, and at all times thereafter <br />maintain with the City, a cash deposit, certified check, or Irrevocable Letter of <br />Credit, based on one hundred fifty (150%) percent of the total estimated cost of <br />Developer's Improvements. <br />b. Irrevocable Letter of Credit. If an Irrevocable Letter of Credit is utilized, it shall be <br />for the exclusive use and benefit of the City of Lino Lakes and shall state that it is