(A) Improvements shall be made in all subdivisions according to the following requirements:
(1) Monuments. As per M.S. Ch. 505;
(2) Streets. Streets shall be graded to the full width of the right-of-way when the street is initially graded or when reconstruction requires it. All aspects of street construction shall be in accordance with specifications approved by the City Engineer;
(3) Utilities. All public and private utilities shall be installed underground unless otherwise approved by the City Engineer. Water and sewer laterals shall be installed to the property line. All aspects of utility construction shall be in accordance with specifications approved by the City Engineer;
(4) Drainage facilities. Construction of storm sewer and/or other surface drainage facilities shall be in accordance with specifications approved by the City Engineer;
(5) Sidewalks/boulevard trees. Sidewalks, when provided, shall be of concrete and in accordance with specifications approved by the City Engineer;
(6) Specifications/inspections. Unless otherwise stated, all of the required improvements shall conform to engineering standards and specifications approved by the City Engineer;
(7) As-built plans. A complete set of as-built construction drawings and an electronic copy of the drawings, in a format acceptable to the City Engineer, shall be furnished at the completion of construction; and
(8) Financing. Before a final plat is approved by the City Council, the subdivider shall submit an agreement and letter of credit equal to one and one-quarter times the City Engineer’s estimated cost of the required improvements, as approved by the City Engineer to assure the following:
(a) The subdivider shall pay for the cost of all improvements required in the subdivision;
(b) Guaranteed completion of the required improvements within a two-year period; and
(c) Payment by the subdivider for all costs incurred by the municipality for review and inspection. This would include preparation and review of plans and specifications by the City Engineer, Planner and Attorney, as well as other costs of a similar nature.
(B) The city may elect to install any of the required improvements under the terms of a cash escrow agreement.
(C) If the required improvements are not complete within the two-year period, all amounts held under the escrow agreement or letter of credit shall be turned over and delivered to the city and applied to the cost of the required improvements. Any balance remaining after the improvements have been made shall be returned to the owner or subdivider.
(Prior Code, § 300.19)