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<br />22 <br />LA515\147\1015204.v1 <br />LA515\147\1015204.v1 <br />4. Construction Category 11: The amount of $____________________may be <br />released when all Landscaping Subdivision Improvements have been installed <br />to the satisfaction of the City including all corrective work for any identified <br />punch list items. <br />5. Construction Categories 12, 13 and 14: The amount of $________________ <br />may be released when Developer Landscaping Subdivision Improvements, <br />Tree Preservation and Restoration work, and Wetland Mitigation and Buffers <br />have been completed and installed to the satisfaction of the City including all <br />corrective work for any identified punch list items. <br />C. 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 />D. Twenty-five percent of the original Security amount for Construction Categories 4- <br />10 and 15-17 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 />E. Twenty-five percent of the original Security amount associated with Landscaping <br />shall be retained by the City until: (1) all landscaping Subdivision Improvements <br />have been fully completed and accepted by the City, including all corrective work <br />and warranty punch list items being completed by the Developer; (2) all financial <br />obligations to the City have been satisfied; and (3) the warranty period has expired. <br />H. In addition to the above project milestone based Security reductions, the <br />Developer may submit a written request and upon receipt of proof satisfactory to