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6. A cost estimate for the completed publicly dedicated improvements. <br />7. A letter of credit to secure the warranty maintenance agreement. <br />ANALYSIS: <br />At this time, most of the required subdivision improvements have been completed. A contract for <br />construction for all of the remaining required subdivision improvements, along with a letter of credit <br />to secure the contract, has been submitted by the applicant. In addition, a warranty maintenance <br />agreement with a letter of credit have been submitted to warranty publicly dedicated improvements <br />which have been constructed. Both the county engineering division and the utility services <br />department have approved the cost estimates and have verified that the letter of credit amounts are <br />adequate to cover the estimated cost of the remaining required improvements and improvement <br />warranty. The county attorney's office has approved the construction contract and the warranty <br />maintenance agreement for legal form and sufficiency and has approved the format of the letters of <br />credit. <br />Pursuant to the county's LDRs, the applicant will be required to obtain a certificate of completion <br />after construction of the required improvements. At that time, the applicant will warranty the utility <br />improvements via a Utility Services Department Bill of Sale. No other warranties are required. All <br />applicable requirements regarding final plat approval have been satisfied. <br />RECOMMENDATION: <br />Based on the above analysis, staff recommends that the Board of County Commissioners grant final <br />plat approval for the Sanctuary Planned Development and authorize the chairman to sign the contract <br />for construction and accept the letters of credit and the warranty maintenance agreement. <br />i • H-UV1 1 <br />1. <br />Application <br />2. <br />Location Map <br />3. <br />Plat <br />4. <br />Contract for Construction <br />5. <br />Warranty Maintenance Agreement <br />ON MOTION by Commissioner Macht, SECONDED BY <br />Commissioner Eggert, the Board unanimously granted final plat <br />approval for the Sanctuary Planned Development and authorized <br />the chairman to sign the contract for construction and accept the <br />letters of credit and the warranty maintenance agreement, as <br />recommended in the Memorandum. <br />COPY OF CONTRACT, COPY OF WARRANTY, GUARANTY <br />& MAINTENANCE AGREEMENT & BILL OF SALE <br />FOR REQUIRED IMPROVEMENTS ARE ON FILE <br />IN THE OFFICE OF THE CLERK TO THE BOARD <br />February 3, 1998 <br />23 <br />600K t.� �i H�� E <br />