[R.O. 2008 §405.340; Ord. No. 381 Art. X §1, 11-9-1987]
Upon the filing of a preliminary plan for a subdivision, or
any portion thereof, the subdivider shall pay a filing fee of twenty-five
dollars ($25.00).
[R.O. 2008 §405.350; Ord. No. 381 Art. X §2, 11-9-1987]
Upon the filing of the final plat for a subdivision or any portion
thereof, the subdivider shall pay a filing fee of twenty-five dollars
($25.00) plus one dollar ($1.00) for each lot shown on the final plat.
[R.O. 2008 §405.360; Ord. No. 381 Art. X §3, 11-9-1987]
A. The subdivider shall be required to furnish a performance guarantee
to guarantee actual construction and installation of all improvements
within two (2) years after the approval of the final plat. The performance
guarantee shall not be less than the estimated cost of the improvements
as determined by the City Engineer.
B. If the required improvements are not completed within the time allowed,
the City shall enforce the performance guarantee by all appropriate
legal and equitable remedies, collect said money, and complete the
required improvements in behalf of the City. Renewal of the performance
guarantee may be made upon the approval of the Board of Aldermen for
an additional period of time specified by the Board of Aldermen, provided
that the application for renewal is made at least thirty (30) days
prior to the expiration of said bond.
C. The performance guarantee shall be made in one of the following manners:
1.
A performance bond issued by a surety company, a title insurance
company, or a financially reliable corporate security engaged in the
business of signing bonds in the State of Missouri, approved by the
City Attorney and Board of Aldermen;
2.
An escrow agreement, to be held in a special escrow account,
subject to the audit of the City, approved by the City Attorney and
Board of Aldermen, in one of the following forms: cash, or an irrevocable
letter of credit or commitment from a lending institution to the escrow
agent guaranteeing to said escrow agent the availability of escrow
funds, from time to time upon demand, or certificates of deposit,
treasury bills, or other readily negotiable instruments endorsed by
the escrow agent; or
3.
In lieu of posting a performance bond or escrow agreement as specified in Subsection
(C)(2), the subdivider may elect to deposit, in an escrow account, the amount required. The escrow agreement shall provide that the escrowed funds are held by a qualified escrow depository, approved by the City Attorney and Board of Aldermen, in a special account to be dispersed by the escrow holder solely for the payment of labor and materials used in the construction and installation of the improvements guaranteed as the work progresses and as approved by the Board of Aldermen. In no event shall an authorization be given for the release of, nor shall the escrow holder release, more than ninety percent (90%) of the escrow fund until the improvements have been completed in a satisfactory manner in accordance with this Chapter and approved by the Board of Aldermen.
[R.O. 2008 §405.370; Ord. No. 381 Art. X §4, 11-9-1987]
A. Unless the Board of Aldermen otherwise provides by either ordinance,
resolution, or other procedure, the subdivider shall submit as a part
of the final plat, a maintenance agreement setting forth the person,
corporation, trustees, or other agency responsible for the assessment
and collection of monies for the maintenance of all improvements within
the subdivision.
B. The subdivider shall maintain and keep in repair the streets and
curb and gutter improvements for a period of one (1) year from the
date of completion of said improvements. To guarantee this maintenance,
a maintenance bond may be accepted by the Board of Aldermen in the
amount of the contract price of the improvements against defects in
workmanship and materials for the one-year period. The bond, if accepted,
shall be filed with the City Clerk and be from a surety company licensed
to do business in the State of Missouri and approved by the City Attorney
and Board of Aldermen.