10-28-2002 Council Packet - Laserfiche WebLink

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12. 13. Coiuuxtion Permits. Developer is advised that an Erosion Control Permit must be obtained from the Minnehaha Creek Watershed District before commencing any grading activity on the site. Construction - The construction, installation and materials shall be in accordance with the plans and specifications approved by tiie City. (h) Insurance - The Developer will cause each person who constructs and installs any Improvement to maintain complete insurance coverage including Workmen's Compensation, Liability and Property Damage. Performance Deposit : For the purpose; 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 paid all claims for work done and materials and supplies furnished, the Developer or his General Contractor will deposit with the City prior to issuance of site grading and building permits an irrevocable letter of credit in a form satisfactory to the City providing that the City is able to draw upon such letter of credit in its sole discretion to complete the Improvements if the Developer fails to satisfactorily complete the work prior to the completion date specified in Section 11 above. The amount of such deposit shall be 150% of the estimated improvement costs per the schedule to be attachetl to this document as Exhibit__. The amount of such deposit shall not be reduced before substantial completion of the Improvements. The letter of credit shall e.xpire no sooner than six months aAer the completion date specified in Section 11 above. Fees and Expenses: The Developer agrees to pay all City fees required per the current City Fee Schedule and further agrees to completely reimburse the City for all the variable additional expenses it incurfi in regard to the review and approval of the Improvements including, but not limited '4O, direct City payroll and overhead, costs, and fees paid to consultants and other professionals, which are not covered by City application fees. M^nntPnanyg- The Developer shall be responsible for maintenance of all privately owned Imprtvcments including roads, sidewalks, and storm sewers, regardless whether casements for such im(«rovemcnts have been granted to the City. Developer shall permanently maintain site lighting, signage and landscaping consistent with the approved Plans for said improvements. Developer shall be responsible for maintenance of all sewer and water lines that are defined as “c<'nnections ” as indicated on the approved Utility Plan. Developer shall be responsiblv lor ensuring that the appearance and design of the building arc maintained per the approved building and construction plan, and shall be responsible for P^gebof 12 Developer Initial City Clerk Initial'