Documentation to Reduce Security. Prior to the reduction or release of any security held by the Municipality for the works, facilities and matters set out in this Agreement, the Owner must supply the Municipality with the following documentation:
(a) letter of application for reduction/release;
(b) an Engineer’s certificate confirming that he/she has inspected the Works and certifies that the Works in respect of which the reduction is sought is complete, and that there are no outstanding deficiencies;
(c) a statutory declaration from the Owner as to the completion of the Works and confirming that all accounts have been paid in full for Works in respect of which the reduction is sought.
(d) as-constructed drawings (for the final release of securities);
(e) satisfactory evidence of no construction liens filed;
(f) workplace safety certificate;
(g) statutory declaration from the Owner as to the completion of the Works and confirming that all accounts have been paid in full for Works in respect of which the reduction is sought;
(h) surveyor’s certificate showing that the development complies with zoning provisions (for the final release of securities); and
(i) a composite utility plan. Prior to the reduction or release of securities the Municipality must be satisfied, in its sole and unfettered discretion, that the Works have been completed and are operating in a good and workmanlike manner to its satisfaction. Notwithstanding anything to the contrary in this Agreement, the Municipality shall in no way be obligated to reduce or release securities until it is so satisfied.
Documentation to Reduce Security. Prior to the reduction or release of any security held by the Municipality for the works, facilities and matters set out in this Agreement, the Owner must supply the Municipality with the following documentation:
a) letter of application for reduction/release;
b) consultant’s certificate confirming that services completed and listing any remaining deficiencies;
c) as-constructed drawings (for the final release of securities);
d) satisfactory evidence of no construction liens filed;
e) workplace safety certificate;
f) statutory declaration as to accounts;
g) surveyor’s certificate showing that the development complies with zoning provisions (for the final release of securities); and
h) a composite utility plan. Prior to the reduction or release of securities the Municipality must be satisfied, in it’s sole and unfettered discretion, that the Works have been completed and are operating to it’s satisfaction, and notwithstanding anything to the contrary in this Agreement, the Municipality shall in no way be obligated to reduce or release securities until it is so satisfied.
