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HomeMy WebLinkAboutCity Council Ordinance 1975-16CITY OF PLYMOUTH ORDINANCE 75-16 AN ORDINANCE AMENDING THE ZONING ORDINANCE OF THE CITY OF PLYMOUTH RELATING TO GUARANTEES REQUIRED FOR THE COMPLETION OF CERTAIN AMENITIES IN THE SITE PLANS. THE CITY COUNCIL OF THE CITY OF PLYMOUTH DOES HEREBY ORDAIN AS FOLLOWS: Section 1. Amendment, Zoning Ordinance. Ordinance No. 63-8 of the City of Plymouth, known as the Plymouth Zoning Ordinance, is hereby amended by adding the following thereto as Paragraph 11, Subdivision 3 of Section 17 of said Ordinance: "Section 17. General Regulations . Subdivision 3. Administrative Procedure, 11. Following the approval of the site plan required in Paragraph 6 above and before issuance of a building permit, the developer shall guarantee to the City the completion of all private exterior amenities as shown in the site plan. Such amenities are hereby defined as landscaping, private driveways,parking areas, recreational facilities and other similar facilities. Such guarantee shall be in the form of a bond, cash deposit or irrevocable letter of credit. A cash deposit or irrevocable letter of credit shall be in the amount of 100% of the estimated cost of such amenities and a bond shall be in the amount of 150% of such estimated costs. The time allowed for com- pletion of such private exterior amenities shall be set out in the resolution approving the site plan and the guarantee shall provide for its forfeit to the City in the event such completion date is not met by the developer. For good cause shown the City Council may extend the time for completion, in which event the developer shall provide a like guarantee for the extended period. As various portions of such amenities are completed by the developer and approved by the City, the City may release such portion of the guarantee as is attribu.cable to such completed work."