10-10-2005 Council Packet - Laserfiche WebLink

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f ■4; ••V i'.rib 8. C. D. E. F. G. H. B. Completion Date - All Improvements shall be completed no later than (2 years from commencement date). The Developer may, however, request an extension of time from the City. If an extension is granted, it shall be conditioned upon updating the security posted by the Developer to reflect cost increases and the extended completion date. Contractors - The Developer shall select, retain and supervise the contractor(s) responsible for construction of the Improvements. The City reserves the right to require satisflutory proof of successful experience and adequate financial status of each such contractor. Where required by City ordinance, the contractor shall first obtain a license from the City. Pre-Construction Conference - Prior to the start of any construction, the Developer and the developer’s contractor shall meet with the responsible City officials to review construction plans and schedules. Permits - Prior to the start of any construction, the developer’s contractor shall apply for and receive all necessary permits for the Improvements from the City anr^or government agencies having jurisdiction. Site grading shall not commence until a land alteration permit has been issued. Developer is advised that an erosion control permit must be obtained from the Minnehaha Creek Watershed District as well as the required NPDES construction site permit, before commencing any grading activity on the site. Construction - The construction, installation and materials shall be in accordance with the Plans approved by the City. - The City, through its staff and/or consultants, shall inspect the installation of the Improvements to ensure compliance with the Plans. The cost of such inspections will be paid by the Developer anticipated to be about $5,000.00 to $10,000.00, but if there are major problems It could be as high as $20,000.00 per City Engineer consultant. Insurance - The Developer will cause each person who constructs and installs any portion of the Improvements to maintain complete insurance coverage including Workmen ’s Compensation, Liability and Property Damage (with coverages consistent with industry standards). Performance Security. For the purposes of assuring to the City that the Improvements will be completed according to the terms of this Agreement, and that the Developer will pay or will cause to have pmd all claims for work done and materials and supplies furnished, the Developer or its general contractor will deposit with the City prior to issuance of site ^ing and building p^its an irrevocabk letter of credit (LOC) from a local (Twin Cities area) financial institution in a form satisfactory to the City, providing PigeSora Developer Initial City Clerk Initial' I