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27 <br />LA515\163\1077757.v2 <br />"record" plans in the form of the City standards have been received and <br />approved by the City; (11) all financial obligations to the City have been <br />satisfied. <br />4. Construction Category 11: The amount of $41,250 may be released when all <br />Builder Landscaping Subdivision Improvements have been installed to the <br />satisfaction of the City including all corrective work for any identified punch list <br />items. <br />5. Construction Categories 12, 13 and 14: The amount of $26,250 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 $135,938, or 75 percent of the <br />original security amount for this category, may be released when the <br />stormwater reuse system is operational for 85 percent of the intended service <br />properties. <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 15-18 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.