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<br /> 30 <br />LA515\112\937837.v1 <br />5. Construction Categories 13, 14 and 15: The amount of $123,610 may be <br />released when Developer Landscaping Subdivision Improvements, Tree <br />Preservation and Restoration work, and Wetland Mitigation and Buffers have <br />been completed and installed to the satisfaction of the City including all <br />corrective work for any identified punch list items. <br />6. Construction Category 19: The amount of $270,460, or 50% of the original <br />security amount for this category, may be released when all Stormwater Reuse <br />pump and mainline Improvements have been installed to the satisfaction of the <br />City including all corrective work for any identified punch list items, and the <br />Stormwater Reuse System is operational for 25% of the intended service <br />properties. The amount of $135,230, or 25% of the original security amount for <br />this category, may be released when the Stormwater Reuse System is <br />operational for 85% of the intended service properties. <br />B. Twenty-five percent of the original Security amount for the sanitary sewer and <br />watermain utilities shall be retained until: (1) all sanitary sewer and watermain <br />utilities have been fully completed and accepted by the City, including all corrective <br />work and warranty punch list items; (2) all financial obligations to the City have <br />been satisfied; and (3) the warranty period has expired. <br />C. Twenty-five percent of the original Security amount for Construction Categories 4- <br />11 and 16-18 shall be retained until: (1) all Subdivision Improvements have been <br />fully completed and accepted by the City, including all corrective work and warranty <br />punch list items; (2) all financial obligations to the City have been satisfied; and (3) <br />the warranty period has expired. <br />D. Twenty-five percent of the original Security amount associated with Builder <br />landscaping shall be retained by the City until: (1) all landscaping Subdivision <br />Improvements have been fully completed and accepted by the City, including all