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11-23-2015 Council Packet
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11-23-2015 Council Packet
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City Council
Council Document Type
Council Packet
Meeting Date
11/23/2015
Council Meeting Type
Regular
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ESCROW DEPOSITS <br />In order to obtain a Certificate of Occupancy, escrow deposits shall be collected if exterior work cannot be <br />completed due to inclement weather, as determined by City Staff, whereupon a Temporary Certificate of <br />Occupancy would be issued subject to the execution of an escrow agreement and payment thereof. Any <br />unfinished work must be completed within six months (weather permitting) from the date of issuance. The <br />following escrow amounts are hereby established: <br />a. Driveway - $1,000.00 <br />b. Exterior Concrete - $1,000.00 <br />c. As -built Surveys - $1,000.00 <br />d. Stucco (final coat only) - $1,000.00 <br />e. Garage Floor - $1,000.00 <br />f. Landscaping - $2,500.00 (landscaping may be escrowed year-round per City Staff) <br />Escrow deposits include a $50.00 non-refundable administrative fee. <br />Escrow deposits can be submitted through one of the following procedures: <br />a.) Escrow can be paid to the City upon execution of an agreement signed by both the payee and the City. <br />b.) The title company or lending institution can hold the escrow upon execution of an agreement signed by <br />both the title company or lending institution and the City. <br />RIGHT-OF-WAY MANAGEMENT <br />Excavation Permit Fees <br />Hole (includes administration, plan review, inspection, testing and mapping) $125.00 <br />Trench (includes administration, plan review, inspection, testing & mapping)...$70.00 per 100 lineal <br />feet plus hole fee <br />Obstruction Permit Fee (includes administration, recording, review & inspection). <br />Permit Extension Fee (includes administration, recording & review) <br />..$50.00 plus $.05 per <br />lineal foot <br />$55.00 <br />Delay Penalty $60.00 <br />for up to three days of non -completion and non -prior notice before specified date. <br />After three days an additional charter of $10.00 per day will be levied <br />Degradation Fee Formula: <br />This formula covers degradation for depreciation caused by intrusion into the right-of-way. The <br />depreciation applies to the original surface of the right-of-way and to the overlays and seal -coats applied to <br />the surface. The formula includes life expectancy schedules for each and has an estimated cost per square yard <br />based on the quality of the right-of-way surface required for different levels of traffic. This formula creates a <br />degradation fee which is determined by the cost per square yard for street, overlay, and seal -coat, multiplied by the <br />depreciation schedule, multiplied by the area of the street patch. <br />Degradation Fee: (cost per square yard for street overlay, and seal -coat x depreciation schedule rates) <br />x area of street patch = degradation fee. <br />6 <br />
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