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writing, of the requirements for such additional deposit, the City may suspend its <br />review of the application. An application shall be deemed incomplete if any amount <br />shall be outstanding. A building permit or Certificate of Use and Certificate of <br />Occupancy shall not be issued unless all professional review fees charged in <br />connection with the applicant's project have been reimbursed to the City. Once all <br />pertinent charges have been paid, the City shall refund to the Applicant any funds <br />remaining on deposit. <br />(12) The Applicant shall furnish payment and performance bond in an amount determined <br />by the Building Official to ensure Applicant's performance of public improvements <br />required pursuant to site plan approval and in accordance with recommendations of the <br />Building Official after review of construction plans submitted based on development <br />approval granted herein. Any such bond shall be issued by a surety having a minimum <br />rating of A -1 in the Best's Key Rating Guide, Property /Casualty Edition, shall be <br />subject to the approval of the City, and shall provide that "this bond may not be <br />cancelled or allowed to lapse until 30 days after receipt by the City, by certified mail. <br />return receipt requested, of written notice from the issuer of the bond of intent to <br />cancel or not to renew ". As improvements are made the City, within its discretion. <br />may reduce or eliminate the bond amount. These rights reserved by the City with <br />respect to any construction bond established pursuant to this section are in addition to <br />all other rights and remedies the City may have under this Resolution, in law or in <br />equity. <br />Other Conditions: <br />(13) That the Applicant obtains a Certificate of Occupancy and a Certificate of Use from <br />the City upon compliance with all terms and conditions. The Certificate of Occupancy <br />and Certificate of Use shall be subject to cancellation upon violation of any of the <br />conditions. <br />(14) That the approved site plan shall remain valid for a period of 24- months from the date <br />of approval. If no building permit is issued within the 24 -month time period, the site <br />plan shall be considered null and void and of no force and effect. <br />(15) That the Applicant complies with all City Ordinances, County, State and Federal Laws <br />and Regulations applicable to development and permit approvals. <br />NO BUILDING PERVIIT SHALL BE ISSUED UNLESS THE APPLICANT HAS <br />SUBMTTED ALL DOCUMENTS REFERRED TO UNDER THIS RESOLUTION AND <br />SHALL HAVE PAID ALL IMPACT FEES, BONUSES AND PROFESSIONAL FEES (AS <br />PER SECTION 267 -4 OF THE CODE OF THE CITY OF SUNNY ISLES BEACH) AND <br />ALL OTHER FEES DUE AND OWING PURSUANT TO THE APPLICABLE LAND <br />DEVELOPMENT REGULATIONS, AND SHALL HAVE SUBMITTED PAYMENT TO <br />THE CITY FOR ALL TRANSFER OF DEVELOPMENT RIGHTS (IF APPLICABLE), <br />OR SHALL HAVE OTHERWISE PRODUCED EVIDENCE THAT THE PERMITTED <br />PRIVATE DEVELOPMENT RIGHTS AS SET FORTH IN SECTION IV <br />HEREINABOVE HAVE BEEN TRANSFERRED. <br />13 -Z -13"1 St. Ttopez on the Bay: Phases 11 and 111 6 <br />