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08-15-05
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08-15-05
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1/12/2009 8:24:41 AM
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8/26/2005 12:46:30 PM
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<br />to comply with all City of Hastings property maintenance ordinances. <br /> <br />12. As-Built Grading Plan. Upon completion of site grading, the Developer shall <br /> <br />submit to the Public Works Division for review, an as-built grading plan in a type and format <br /> <br />specified by the Public Works Division showing the newly graded elevations at all lot <br /> <br />comers, critical elevations in drainage ways, one foot contours at ponding and sedimentation <br /> <br />basins, and at ponding level control points for ponding basin emergency overflow swales. <br /> <br />13. Letter of Credit and InsDection Escrows. <br /> <br />A. Before Developer begins any grading on the Subject Property, Developer <br /> <br />shall post with the City a letter of credit or escrow in the amount of 125% of <br /> <br />',:i'.i_ <br /> <br />the grading cost. <br /> <br />,B. <br /> <br />Before the Developer begins any street and utility construction, Developer:';. <br /> <br />, <br /> <br />shall post with the City a letter of credit or cash escrow in the amount of <br />. , <br /> <br />125% of the street and-utility improvement costs. Additionally, before any <br />,/ <br /> <br />grading or street and utility construction commences, Developer shall also <br /> <br />post the cash escrow in an amount determined by the City's Public Works <br /> <br />Director to reimburse the City for inspection fees that incur for the grading, <br /> <br />street and utility construction inspections. Before Developer begins any <br /> <br />grading or any street or utility construction, Developer shall provide City with <br /> <br />proof of liability and insurance in an amount of at least one million dollars. <br /> <br />City shall also be named as an additional insured on all liability insurance <br /> <br />policies used to satisfy the requirements of this paragraph. <br /> <br />C. AIl letters of credit required by this Agreement shall be in a form acceptable <br /> <br />5 <br />
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