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<br />The Applicant shall be provided with copies of any City voucher for such services as they <br />are submitted to the City When the balance in such escrow is reduced to one-third (113) <br />of its initial amount, the Applicant shall deposit additional funds into such account to <br />bring its balance up to the amount of the initial deposit. If such account is not <br />replenished within thirty days (30) after the applicant is notified, in writing, of the <br />requirements for such additional deposit, the City may suspend its review of the <br />application. An application shall be deemed incomplete if any amount shall be <br />outstanding. A building permit or Certificate of Use and Occupancy shall not be issued <br />unless all professional review fees charged in connection with the Applicant's project <br />have been reimbursed to the City. Once all pertinent charges have been paid, the City <br />shall refund to the applicant any funds remaining on deposit. <br /> <br />5. The Applicant shall furnish a 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 the Site Plan approval, in accordance with recommendations of the <br />Building Official after review of construction plans submitted and based on the approval <br />provided in this Resolution. Any such bond shall be issued by a surety having a <br />minimum rating of A-I in the Best's Key Rating Guide, Property/Casualty Edition, shall <br />be 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 cancel <br />or not to renew". As improvements are made the City, within its discretion, may reduce <br />or eliminate the bond amount. These rights reserved by the City with respect to any <br />construction bond established pursuant to this section are in addition to all other rights <br />and remedies the City may have under this Resolution, in law or in equity. <br /> <br />C. Other Conditions <br /> <br />1. That the Applicant shall obtain 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 /> <br />2. That the Site Plan approval shall remain valid for a period of 24-months from the date of <br />approval. If no building permit is issued within the 24-month time period, the Site Plan <br />shall be considered null and void and of no force and effect. <br /> <br />3. That the Applicant shall comply with all City Ordinances. <br /> <br />4. That this Resolution and all conditions contained herein shall be binding upon Applicant, <br />its successors and/or assigns. <br /> <br />5. That all median openings be approved by the City prior to commencement and that the <br />median openings meet the requirements of the Sunny Isles Beach Median Closing Traffic <br />Study as approved by City Resolution 2003-598. <br /> <br />Royale Final Resolution <br /> <br />7 <br />