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Resolution 2015-86
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Resolution 2015-86
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Last modified
12/1/2022 9:27:51 AM
Creation date
12/2/2015 9:31:42 AM
Metadata
Fields
Template:
City Council Records
Also Known As (aka)
Dogwood 1754 Development Agreement
Doc Type
Resolution
Ord/Res - Year
2015
Ord/Res - Number
86
Property Address Number
1754
Property Address Street Name
Dogwood
Subdivision Name
Park at CTC
Parcel Identification Number
157516016001
Original Hardcopy Storage
7D6
Supplemental fields
Test
RES 2015-86
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(a) Developer shall employ, at its own expense, a licensed and registered testing <br />company, previously approved by the City in writing, to perform all testing of materials or <br />construction that may be reasonably required by the City, and shall furnish copies of test results <br />to the City on a timely basis for City review and approval prior to commencement or <br />continuation of that particular phase of construction. In addition, at all times during said <br />construction the City shall have access to inspect the materials and workmanship of said <br />construction and all materials and work not conforming to the Approved Plans shall be repaired <br />or removed and replaced at Developer's expense so as to conform to thc Approved Plans. <br />(b) The Developer Improvements require inspection by the Public Works <br />Department, Engineering Division. Inspection services arc provided Monday through Friday, <br />except legal holidays, from 8:OO a.m. to 4:00 p.m:. November 1 through March 31, and from <br />7:00 a.m. to 5:00 p.m., April 1 through October 31. During the hours listed above, inspections <br />shall be scheduled a minimum of 24 hours in advance with the Engineering Division. Requests <br />for inspection services beyond the hours listed above, shalt be submitted a minimum of 48 hours <br />in advance to the Director of Public Works for approval. All requests for after hours inspection <br />services shall be made on a form provided by the Engineering Division. If the request is <br />approved, the Developer shall reimburse the City for all direct costs of thc after hours inspection <br />services. If the request is denied, the work shall not proceed after thc hours listed above. <br />1.11 Improvement Guarantees. Developer shall submit to the City an Improvement <br />Guarantee for the Developer Improvements. Said Improvement Guarantee 'may be in cash or a <br />letter of credit in form and substance as shown on Exhibit "B" attached hereto and incorporated <br />herein by reference (or in another commercially, reasonable form required by Developer's lender, <br />which is acceptable to City). Said Improvement Guarantee, if a letter of credit, shall not expire <br />during thc winter season (November 1 March 1). Said Improvement Guarantee shall include <br />the Developer Improvements. The total amount of thc Improvement Guarantee shall be described <br />on Exhibit "A". The total minimum amounts are as follows: <br />a) Prior to City approval of the Plans: 25% of the amount shown in Exhibit <br />A. <br />b) Prior to issuance ofbuilding permits:115% of the amount shown in <br />Exhibit A; <br />c) Upon Construction Acceptance prior to Final Acceptance:15% of the <br />amount shown in Exhibit A; <br />d) After Final Acceptance: 0%. <br />In addition to any other remedies it may have, the City may, at any time prior to <br />Final Acceptance and upon thirty (30) days prior written notice to Developer (pursuant to <br />Section 8.1), draw on any Improvement Guarantee issued pursuant to this Agreement if <br />Developer fails to extend or replace any such Improvement Guarantee at least thirty (30) days <br />prior to expiration of such Improvement Guarantee. If thc City draws on the Improvement <br />Guarantee to correct deficiencies and complete Developer Improvements, any portion of said <br />Improvement Guarantee not utilized in correcting the deficiencies and/or completing Developer <br />
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