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such application as required by law. Charges made by such consultants or <br /> professionals shall be in accord with the charges customarily made for such services <br /> in Miami-Dade County, and pursuant to an existing contractual agreement by and <br /> between the City and such consultant. Charges made by the City shall be in accord <br /> with the hourly rates charged by such consultants or hourly rates of employed <br /> professionals and shall be paid within 30 days on submission of City voucher. <br /> 18. At the time of submission of any application or thereafter, it is required that an <br /> escrow account be established, from which withdrawals shall be made to reimburse <br /> the City for the cost of professional review services, if any. The Applicant shall then <br /> provide funds to the City for deposit into such account in an amount to be determined <br /> by the City Manager, based on his/her evaluation of the nature and complexity of the <br /> application. The Applicant shall be provided with copies of any City voucher for <br /> such services as they are submitted to the City. When the balance in such escrow is <br /> reduced to one-third (1/3) of its initial amount, the applicant shall deposit additional <br /> funds into such account to bring its balance up to the amount of the initial deposit. If <br /> such account is not replenished within thirty-days (30) after the applicant is notified, <br /> in 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 /> 19. That the Applicant shall furnish payment and performance bond in an amount <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 <br /> submitted based on development approval granted herein. Any such bond shall be <br /> issued by a surety having a minimum rating of A-1 in the Best's Key Rating Guide, <br /> Property/Casualty Edition, shall be subject to the approval of the City, and shall <br /> provide that "this bond may not be cancelled or allowed to lapse until 30 days after <br /> receipt by the City, by certified mail, return receipt requested, of written notice from <br /> the issuer of the bond of intent to cancel or not to renew". As improvements are made <br /> the City, within its discretion, may reduce or eliminate the bond amount. These rights <br /> reserved by the City with respect to any construction bond established pursuant to this <br /> section are in addition to all other rights and remedies the City may have under this <br /> Resolution, in law or in equity. <br /> Other Conditions: <br /> 20. 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 <br /> Occupancy and Certificate of Use shall be subject to cancellation upon violation of <br /> any of the conditions. <br /> 488 Sunny Isles Blvd. Page 5 of 7 <br />