Development Contract Management Deposit. If at the time of submission of the Application for Final Subdivision approval, the Applicant has determined to install any public street or utility improvements privately, then the Applicant shall deposit with the City the cash in an amount as determined by Exhibit "C" prior to the scheduling of a pre-construction meeting for public improvements installed privately the Applicant or prior to the issuance of the "permit to proceed" or prior to the release of the Final Plat by the City for recording at Dakota County, whichever occurs first. The Development Contract Management Deposit is used by the City to cover inspection, development- agreement compliance, construction coordination, administrative costs for City approval and/or acceptance of privately-installed City improvements, and all other development related requirements.
Appears in 3 contracts
Sources: Development Deposit Agreement, Development Deposit Agreement, Development Deposit Agreement