1112.04 LANDSCAPE ESCROW FUND.

   (a)    There is hereby created a Landscape Escrow Fund which shall be administered under the following provisions:

      (1)    A developer or builder shall deposit money in the Escrow Fund of the City to be used for proper landscaping of his improvement.

      (2)    The amount of each deposit shall be based upon the estimate of the Landscape Architect for the City, who shall determine, based upon the plans and specifications of the improvement to be constructed, the approximate cost of all necessary landscaping.

      (3)    If the builder or developer chooses to install the necessary landscaping before application is made for the occupancy permit, the occupancy permit may be issued upon the approval of the Landscape Architect of the landscaping.

      (4)    If the builder or developer does not choose to do the necessary landscape work before applying for the occupancy permit, or weather conditions are such that it is not feasible for landscaping to be completed at the time the occupancy permit is applied for, it shall be determined, before the issuance of the permit, that the necessary funds have been placed in the Landscape Escrow Fund by the builder or developer.

      (5)    The money thus deposited in the Landscape Escrow Fund can be used only for landscaping for the specific improvement for which it was deposited, and can be released only upon the direction of the Landscape Architect.

   (b)    There shall be no additional fee to the developer or builder for the creation of the Fund, and expenses of administration of the Fund shall be paid from the initial deposit for the building permit by each builder or developer. (Ord. 15-1972. Passed 7-11-72.)