Common Contracts
1 similar Financial Security Agreement contracts
FINANCIAL SECURITY AGREEMENTFinancial Security Agreement • September 23rd, 2013
Certain public or on-site improvements, including paved parking, drainage, curb/gutter sidewalks and landscaping, are required by City Code. During certain seasons of the year, it is impractical for these improvements to be installed concurrently of completions of development. Where a Certificate of Occupancy is requested prior to the completion of such required improvements, the applicant shall provide financial security in the amount of 125% of the estimated cost of materials and labor to ensure such improvements are completed. As soon as practical, follow project completion financial security forms with supporting contracts or bids itemizing the project completion and letter of authorization which shall be submitted to the Community Development Department. Include is this supporting contracts a completion date for improvements. The same instrument may cover several City Departments for completion of the project.
