05-23-2022 Council Packet - Laserfiche WebLink

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9 220299v4A F. The Developer must obtain a permit from the City prior to installation of any subdivision identification signs or monuments for the Land. G. The Developer must obtain a permit from Hennepin County for access off of Hennepin County Road 6. H. Implementation of and adherence to the Hennepin County Highway Engineer’s comments and recommendations dated March 17, 2021. I. Prior to City Council approval of the final Plat, the Developer shall furnish a boundary survey of the Land with all property corner monumentation of the Land in place and marked with lath and a flag. Any encroachments on or adjacent to the Land shall be noted on the survey. The certificate of survey must also include a certification that all irons for a specific lot have either been found or set prior to the issuance of a building permit for that lot. J. The Developer shall pay to the City Engineer the amounts incurred for City base map upgrading. K. The Developer shall submit the final Plat in electronic format. The Plat shall be created using Hennepin County Coordinates. The electronic format shall be Auto CAD file. The Developer shall also submit two complete sets of the Plat on Mylar (one copy for the City’s records and one copy for recording with Hennepin County). The Developer shall also provide one copy printed to fit on 11”x17” Mylar. 26. SUMMARY OF SECURITY REQUIREMENTS. To guarantee compliance with the terms of this Contract, payment of the costs of all Improvements and construction of all Improvements, the Developer shall furnish the City with a letter of credit, in the form attached hereto as EXHIBIT B (the “security”), from a bank for 125% of the cost of the Improvements, including any required landscaping. The amount of the security shall be $306,158.75 The amount of the security includes all of the security requirements set forth in this Contract, and was calculated as follows: