10-21-25 City Council Meeting Packet

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25 LA515\160\1053952.v2 $______________________ may be released when the public Subdivision Improvements are accepted by the City Engineer and the City Council, including all improvements in categories 6-10 and 15-18: (1) bituminous wear course and sidewalks; (2) trails; (3) bio retention and infiltration facilities; (4) street lighting; (5) street and traffic signs; (6) all private utilities; (7) iron monuments for lot corners have been installed; (8) turf is established and all erosion and sedimentation control has been removed; (9) turn lanes and off- site public improvements; (10) the required "record" plans in the form of the City standards have been received and approved by the City; and (11) all financial obligations to the City have been satisfied. 4. Construction Category 11: The amount of $____________________may be released when all Builder Landscaping Subdivision Improvements have been installed to the satisfaction of the City including all corrective work for any identified punch list items. 5. Construction Categories 12, 13 and 14: The amount of $________________ may be released when Developer Landscaping Subdivision Improvements, Tree Preservation and Restoration work, and Wetland Mitigation and Buffers have been completed and installed to the satisfaction of the City including all corrective work for any identified punch list items. C. Twenty-five percent of the original Security amount for the sanitary sewer and watermain utilities shall be retained until: (1) all sanitary sewer and watermain utilities have been fully completed and accepted by the City, including all corrective work and warranty punch list items; (2) all financial obligations to the City have been satisfied; and (3) the warranty period has expired. D. Twenty-five percent of the original Security amount for Construction Categories 4- 10 shall be retained until: (1) all Subdivision Improvements have been fully