6-4(Q)   REQUIRED IMPROVEMENTS AND FINANCIAL ASSURANCE

6-4(Q)(1)   General

6-4(Q)(1)(a)   Unless specified otherwise in this IDO, the DPM, or an IIA approved by the City, or otherwise approved by the City, all applicants for permits and approvals under this IDO are required to pay for and install all public and private improvements necessary to address the impacts of their proposed development or land use on surrounding neighborhoods and on the City's infrastructure, transportation, drainage, or other systems and services, as provided in the DPM.

6-4(Q)(1)(b)   Notwithstanding Subsection 6-4(Q)(1) above, the City shall not require an applicant to pay for or install that portion (if any) of a public or private improvement that is being funded through the City's impact fee requirements and for which the applicant has or will be required to pay an impact fee.

6-4(Q)(1)(c)   Unless specified otherwise in this IDO or the DPM, if the applicant has not completed the installation of those public and private improvements required by this IDO, the DPM, or any City-approved IIA or Development Agreement by the time the first certificate of occupancy for the property is issued, or by the time the first use of the property for a new approved land use begins, the applicant may be required to provide financial security to the City to ensure that the City will have adequate funds on hand to complete the required public or private improvements prior to initial occupancy or use of the property pursuant to an approval under this IDO. Financial security will only be used by the City to complete required public and private improvements if the applicant fails to provide those improvements in a timely manner as required by this IDO, the DPM, or any City-approved IIA or Development Agreement.

6-4(Q)(1)(d)   The DPM contains specific requirements for the types of public and private improvements required for different types of development applications; the timing and phasing of those improvements; documents required to be submitted for approval of those improvements; inspection of improvements; financial security for completion of the improvements; required warranties on the performance of the improvements; dedication and City acceptance of improvements; provisions for release of financial security or performance warranties; and other matters related to required public and private improvements.

6-4(Q)(2)   Infrastructure Improvements Agreement

Before a final plat may be approved, the applicant shall provide an Infrastructure Improvements Agreement (IIA) based on the required infrastructure that complies with the following standards and all applicable standards in the DPM.

6-4(Q)(2)(a)   The IIA shall specify the time period within which the improvements necessary to provide required access, public services, and public amenities required of the applicant are to be completed, which time period will end not later than 2 years after execution of the IIA.

6-4(Q)(2)(b)   An IIA for sidewalks that have received an adjustment for temporary deferral of installation shall have a time period that will end 4 years after execution of the IIA.

6-4(Q)(2)(c)   The City Engineer may extend the time periods listed in Subsections 14-16-6-4(Q)(2)(a) and 14-16-6-4(Q)(2)(b) above for a period of less than 1 year.

6-4(Q)(2)(d)   If a Preliminary Plat approval expires under the terms of this IDO without a Final Plat having been approved, the IIA automatically lapses, and no further improvements are required or approved.

6-4(Q)(2)(e)   After execution of an IIA by the City, the applicant may proceed with the construction of all required improvements.

6-4(Q)(3)   Construction Plans

Before a final plat may be approved, the applicant shall present construction plans and specifications for all required infrastructure (which shall conform to the approved Preliminary Plat) to the City Engineer. Construction plans and specifications shall meet all applicable requirements of the DPM or other technical standards adopted by the City.