Laserfiche WebLink
152229v01 <br />SMM:06/07/2010 <br />10 <br />temporary subdivision identification signs on corner lots provided the signs meet area, height, and setback <br />requirements, and provided the Developer submits a $1,000.00 per sign security guaranteeing sign <br />removal when the subdivision is fully developed. <br />I.Prior to City Council approval of the final Plat, the Developer shall furnish a <br />boundary survey of the Land with all property corner monumentation of the Land in place and marked with <br />lath and a flag. Any encroachments on or adjacent to the Land shall be noted on the survey. The Developer <br />shall post a $____________security (the “Monument Security”) for the final placement of interior <br />subdivision iron monuments at property corners and the placement of all monuments pursuant to 1066. The <br />Monument Security was calculated as follows: _____ lots at $100.00 per lot. The Monument Security will <br />be held by the City until the Developer's land surveyor certifies that all irons have been set following site <br />grading and utility and street construction. In addition, the certificate of survey must also include a <br />certification that all irons for a specific lot have either been found or set prior to the issuance of a building <br />permit for that lot. <br />J.The Developer shall pay to the city engineer the amounts incurred for the <br />preparation of record construction drawings and City base map upgrading. <br />K.The Developer shall submit the final Plat in electronic format. The electronic <br />format shall be Auto CAD file. The Developer shall also submit two complete sets of the Plat on Mylar <br />(one copy for the City’s records and one copy for recording with Hennepin County). The Developer shall <br />also provide one copy reduced to 1” = 200’. <br />24. SUMMARY OF SECURITY REQUIREMENTS. To guarantee compliance with <br />the terms of this Contract, payment of the costs of all Improvements and construction of all Improvements, <br />the Developer shall furnish the City with a letter of credit, in the form attached hereto (the “security”), from <br />a bank for 150% of the cost of the Improvements, including any required landscaping. The amount of the <br />security shall be $____________. The bank shall be subject to the approval of the City Administrator. The <br />City may draw down the security, upon five (5) business days’ prior written notice to Developer, for any <br />violation of the terms of this Contract. Amounts drawn shall not exceed the amounts necessary to cure the <br />221