Ordinance 1120-85 - Laserfiche WebLink

• • c. All such underground installations or systems shall be approved by the appropriate utility company and shall adhere to all governing applicable regulations including but not limited to the City and State applicable regulations and specific requirements of the appropriate utility. d. If the appropriate utility company determines that an underground system as proposed above cannot reasonably be installed according to accepted engineering practices, this requirement may be waived upon receipt of a written notice from said utility to the City Engineer. e. All utility easements within a proposed binding site plan shall be approved by the appropriate utility company before final acceptance of the binding site plan and shall be shown in their exact location on the final drawing of said plat. f. Nothing in this section or any other section of this title in relation to underground wiring shall apply to power lines carrying a voltage of 15 KV or more, nor shall it be construed to prohibit the placement of pad-mounted transformers, terminal pedestals or other electrical and communications devices above ground, as determined by the appropriate utility involved. E. Suitable Guarantee 1 . Performance Guarantee Requirements for All Divisions or Redivisions of Land: a. In lieu of completing the required improvements, the applicant may request final approval, subject to the approval of a suitable guarantee. The guarantee must be in a form acceptable to the City and in an amount commensurate with improvements to be completed. The amount of the guarantee is established at 100% of the cost of the City having to construct the improvements plus 20%. The guarantee amount will require yearly review by the City and the applicant will be required to revise the guarantee amount to reflect current inflation rate. Based on the revised amount, the applicant will resubmit suitable guarantee to the City. Also, the guarantee will be restricted as far as the amount of permissible time in which the improvements must be completed. The guarantee must be acceptable to the City Attorney. b. Guarantee funds will not be released by the City unless approval has been received from all applicable departments that are responsible for acceptance and/or maintenance of such improvements. c. All improvements begun by the applicant must be completed. Once the applicant has begun making improvements, the applicant shall not be eligible for submitting a guarantee to the City to cover the incomplete improvements. Unless specifically approved by the City Engineer and/or City Council in accordance with final approval of ° the Binding Site Plan. If approved, the amount of the guarantee may exceed the limits noted in Section 4-E-1-a to offset additional City exposure. -12-