9.3. SR 07-17-2017 - Laserfiche WebLink

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3 Single Family Residential $5,001 to $10,000 Up to 5-years Single Family Residential $10,001 to Max Up to 15-years All Other Properties $25,000 to 50,000 Up to 3-years All Other Properties $50,001 to 100,000 Up to 5-years All Other Properties $100,001 to 150,000 Up to 7-years Owner represents and warrants that it is the sole fee owner of the Property. Owner agrees, in consideration of the City designing and installing the Improvements: 1. That the City will not install the Improvements unless the Owner agree to pay and/or be assessed for the City’s costs of installing the Improvements. 2. To provide the City with a proposed plan for development of the Property from which the city can design the Improvements. 3. To grant to the City, prior to the City ordering installation of the Improvements to proceed, such easements or other interests in the Property as the City shall determine necessary for the purpose of installing the Improvements. 4. To pay the amounts assessed to the Property for the Improvements as provided in this Petition and Agreement. 5. To provide the City with cash, a letter of credit, or some other security acceptable to the City, in its sole discretion, to protect the City in the event that development of the Property does not proceed. The amount of the security to be submitted with this petition shall be: $___________, which is the City’s estimated cost of a feasibility study for the Improvements. Additional security shall be provided prior to the preparation of plans and specifications for the Improvements, in an amount equal to the City’s estimated costs for preparing the plans and specifications. Additional security in the amount of the estimated cost of installing the Improvements shall be provided before the City will order the Improvements installed.