(a)
Contract required.
The owner of property shall be required to execute a developer’s agreement as a condition of plat approval whenever the installation of community facilities or public improvements is required. A developer’s agreement shall be prepared after the final engineering plans and cost estimates have been approved.
(b)
Approval of contract.
(1)
The owner of property shall be required to execute a developer’s agreement as a condition of plat approval whenever the installation of community facilities or public improvements is required. A developer’s agreement shall be prepared after the final engineering plans and cost estimates have been approved.
(2)
The mayor shall review and sign the contract on behalf of the town upon approval by the town council.
(3)
No construction work shall begin on the subdivision before the developer’s agreement is approved and signed by the mayor. This provision shall exclude the moving of dirt, when in conformance with section 10.02.251 of this code.
(4)
The town will use its best effort to expedite all necessary instruments and documents within the town administration.
(c)
Changes in contract/scope of project.
Any subsequent changes in the plans and specifications of the approved project which result in an increase in the project scope shall necessitate an amendment to the developer’s agreement and amendments to all required financial assurance instruments. An increase in the project scope shall also require an increase in the inspection fee, as authorized in section 10.02.203(a) below. The developer shall bear the full cost of any additional work required by the town attorney and/or town engineer in revising and/or reviewing the revised documents, and approval shall not be granted until such additional fees are paid.
(Ordinance 98-08, sec. 7.1, adopted 4/21/98; Ordinance 2001-21, sec. 7.1, adopted 9/17/01; 2006 Code, ch. 12, sec. 7.01; Ordinance 2007-02, sec. II, adopted 2/5/07)