Agenda - 06-22-1998 - 8w - Laserfiche WebLink

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OR A letter of credit or escrow agreement or other security shall be submitted to secure construction of Pine Meadow Lane, Field View Road, Field Court, Frazier Ridge Lane, Meadow Field Drive, and Prairie Court to the standards of the North Carolina Department of Transportation. An estimate of the construction cost must be prepazed by a certified/licensed engineer or grading contractor and submitted to the Planning and Inspections Department. The construction estimate must include a 10% contingency factor. The financial guarantee must reflect 110% of that estimate and be issued by an accredited financial institution licensed to do business in North Carolina. The document describing development restrictions to be recorded with the Final Plat shall state that the financial guazantee will not be released until the road construction has been inspected and approved by NCDOT. 2. An erosion control plan for construction of the roads shall be submitted by the applicant for review and approval by the Orange County Erosion Control Division. 3. Sight triangles shall be shown at each intersection as required by NCDOT. 4. Lots 20 through 24 shall access onto Field Court. Lots 31 through 34 shall access onto Prairie Court. All lots shall access onto the new subdivision roads except lots 56 and 57. This restriction shall be stated in a document describing development restrictions and requirements to be prepared by Planning Staff and recorded concurrently with the Final Plat. 5. Approved street name signs shall be erected at the intersection of streets as required in Section IV-B-3-c-12 of the Orange County Subdivision Regulations. Evidence shall be submitted by the applicant that the signs aze in place or a copy of the receipt for purchase of the signs shall be submitted to the Planning Department. 6. A joint driveway shall be indicated on the Final Plat and shall be constructed from Frazier Road to access lots 56 and 57 prior to recording the Final Plat for Phase 8, unless a satisfactory letter of credit is submitted to guazantee construction of the joint driveway. 7. Prior to development of the second phase of the subdivision, Frazier Road shall be paved to NCDOT standards from the intersection of Lebanon Road to the intersection with Field View Road and Meadow Field Drive. C. Land Use Buffers and Landscaping 1. Landscaping shall be installed or preserved as indicated on the approved landscape plan, and must be inspected and approved by the Planning and Inspections Department.