(a) Plan Review Fee. Payment of a plan review fee in the amount of one percent (1%) of the estimated cost of the site improvements shall be paid at the time of application for technical review.
(b) Additional Review Fee. Payment of an additional review fee in the amount of twenty-five percent (25%) of the plan review fee shall be paid at the time of submission for review of each revised site plan after the submission of the plan resulting from the second review.
(c) Site Plan Construction Compliance Inspection Fee. Payment of a site plan construction compliance inspection fee in the amount of one percent (1%) of the final approved estimate of cost for all site improvements upon private property to remain under private ownership shall be paid prior to commencement of construction.
(d) Improvement Inspection Fee. Payment of an improvement inspection fee in the amount of six percent (6%) of the final approved estimate of cost for all site improvements within the public right of way and for all improvements upon private property which are proposed to be dedicated to the City for City ownership and/or maintenance shall be paid prior to commencement of construction.
(e) Construction Guarantee. A performance bond, bank or savings institution escrow agreement requiring City authorization for disbursement of funds or other approved guarantee, in the amount of one hundred ten percent (110%) of the final approved estimated cost of all site improvements, as estimated by the City, shall be placed on deposit with the City to insure that the landscaping, walks, hard-surfacing of private drives, parking areas and streets, surface water drainage and other site improvements are installed all in conformance with the approved plans. Such guarantee shall be in effect for a period of two years or approved extension thereof or until the construction is completed and approved, whichever first occurs. In the event that construction is not complete at the end of the guarantee period, the City may at its sole option, use the guarantee to either complete the improvements or restore the site to a safe and maintainable condition. The City may, at its option make partial releases of the guarantee based upon an estimate of the progress of the site construction.
EXCEPTION: In lieu of a performance bond, bank or savings institution escrow agreement, the property owner may deposit a cash bond in the amount of ten percent (10%) of the estimated cost of all site improvements; minimum cash deposit shall be one thousand dollars ($1,000) with a maximum of ten thousand dollars ($10,000). The property owner shall also sign an agreement whereby any costs incurred by the City, in excess of the cash bond, to complete the construction and/or restore the site to a safe and maintainable condition will be billed to the property owner and collected pursuant to Ohio R. C. Chapter 729.
(f) Conditional Occupancy Guarantee. Where conditional occupancy is approved prior to completion of the work, the owner/developer shall post (deposit) with the City a cash guarantee in the amount of one hundred fifteen percent (115%) of the City's estimate of the cost of completing the improvements, such cash guarantee shall be used by the City to complete the improvements in the event that the owner/developer fails to complete the work within the specified time as stated upon the conditional occupancy permit. Nothing contained herein shall be interpreted to waive the responsibility of the owner/developer to complete the project in accordance with the approved plans.
(g) Construction Agreement. The developer shall enter into an agreement with the City to insure compliance with this chapter and construction in accordance with the approved plans and specifications. (Ord. 2001-71. Passed 7-18-01.)