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<br />the City for deposit into such account in an amount to be determined by the City <br />Manager, based on hislher evaluation of the nature and complexity of the application. <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 (1/3) <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. That Applicant shall furnish a payment and performance bond in an amount to be <br />determined by the Building Official to ensure Applicant's performance of public <br />improvements required pursuant to site plan approval and in accordance with <br />recommendations of the Building Official after review of construction plans submitted <br />based on development approval granted herein. Any such bond shall be issued by a surety <br />having a minimum rating of A-I in the Best's Key Rating Guide, PropertylCasualty <br />Edition, shall be subject to the approval of the City, and shall provide that "this bond may <br />not be cancelled or allowed to lapse until thirty (30) days after receipt by the City, by <br />certified mail, return receipt requested, of written notice from the issuer of the bond of <br />intent to cancel or not to renew". As improvements are made the City, within its <br />discretion, may reduce or eliminate the bond amount. These rights reserved by the City <br />with respect to any construction bond established pursuant to this section are in addition <br />to all other rights and remedies the City may have under this Resolution, in law or in <br />equity. <br /> <br />Other Conditions: <br /> <br />1. That the applicant shall obtain a Certificate of Use and Certificate of Occupancy from the <br />City upon compliance with all terms and conditions. The Certificate of Use and <br />Certificate of Occupancy shall be subject to cancellation upon violation of any of the <br />conditions. <br /> <br />2. That the approved site plan 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 applicable to development and <br />permit approvals. <br /> <br />4. That the temporary sales office building shall be removed prior to the issuance of the <br />final certificate of occupancy or certificate of completion (sec. 218-4(A)) or if a building <br />permit for the complete construction of the main building is not issued within one year <br />from the date the building permit for the sales building was issue (sec. 218-4(B)). <br /> <br />04-Z-88 Jade Sales Office No.2 <br /> <br />4 <br />