06/14/1999 Council Packet - Laserfiche WebLink

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Development Contract Clearwater Creek 3rd Addn. — Phase One VI. BUILDING PERMITS A. Initial Building Permits 1. The Developer agrees that seven building permits for model homes may be issued upon approval of the preliminary plat. The right to obtain such building permits shall be contingent upon the execution of this development contract, providing all letters of credit necessary hereunder and posting the appropriate cash escrow required herein. The number of permits allowed above is based upon one for the first ten acres of the subdivision plus one permit for each additional ten acres thereof. These model homes must be located so that they could be on separate ten -acre lots that meet City requirements. Construction shall be limited to maintain a maximum distance of 150' from the furthest exterior wall to an improved street as per the State Fire Code. B. Remaining Building Permits 1. The Developer agrees to the following phasing schedule: a. A maximum of 75 building permits will be granted in 1999. b. A maximum of 60 building permits will be granted in 2000. c. A maximum of 45 building permits will be granted in 2001. d. The remainder of the building permits will be granted in 2002. e. Any permits not used one year can be carried over to the next year. 2. The Developer agrees that building permits may be issued in accordance with the phasing schedule in VI.B.1. and, other than the model homes, upon approval of the Final Plat by the City Council at which time all required Financial Security shall be in place with the City. The Developer further agrees that City Sewer, Water, Storm Sewer, and Base Construction of the Streets to the minimum extent of the installation of the gravel portion and temporary street signs will be completed prior to the issuance of the remaining building permits. 3. 100% of grading in Phase I will be completed, including revegetation of ponding areas, before any building permits are to be issued for Phase II. page 11