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B. Roads and Access <br /> 1. Caneton Way shall be constructed to standards of the North Carolina Department <br /> of Transportation, within a 50-ft. right-of-way with 5-ft. utility easements on each <br /> side, and the construction shall be inspected and approved by NCDOT. The <br /> portion of Lot E owned by the applicant shall be included in the dedication. <br /> OR <br /> A letter of credit, escrow agreement, or bond shall be submitted to secure <br /> construction of Caneton Way to the standards of the North Carolina Department <br /> of Transportation. An estimate of the construction cost must be prepared by a <br /> certified/licensed engineer or grading contractor and submitted to the Planning <br /> and Inspections Department and approved by the County Engineer. The <br /> construction estimate must include a 10% contingency factor. The financial <br /> guarantee must reflect 110% of that estimate and be issued by an accredited <br /> financial institution licensed to do business in North Carolina. <br /> The document describing development restrictions to be recorded with the Final <br /> Plat shall state that the financial guarantee will not be released until the road <br /> construction has been inspected and approved by NCDOT. <br /> 2. Bordeleau Drive shall be constructed to Class B private road standards within a <br /> 50-ft. right-of-way. Road construction drawings shall be submitted to the Erosion <br /> Control Division in the Planning Department and approved prior to signatures on <br /> the Final Plat. <br /> Bordeleau Drive shall be inspected, and the construction certified in writing to the <br /> Orange County Planning Department by a North Carolina Professional Engineer. <br /> The location of the travelway within the platted private road right-of-way shall <br /> also be certified. Erosion Control shall inspect the construction to verify the <br /> private road standards have been met. <br /> OR <br /> A letter of credit, escrow agreement, or bond shall be submitted to secure <br /> construction and inspection of Bordeleau Drive to Class B private road standards. <br /> An estimate of the construction and certification costs must be prepared by a <br /> certified/licensed engineer or grading contractor and submitted to the Planning <br /> and Inspections Department. The construction estimate must include a 10% <br /> contingency factor. The financial guarantee must reflect 110% of that estimate <br /> and be issued by an accredited financial institution licensed to do business in <br /> North Carolina. <br /> The document describing development restrictions to be recorded with the Final <br /> Plat shall state that the financial guarantee will not be released until the road <br /> construction has been certified by a North Carolina Professional Engineer. <br /> g:\jane\duck1andres\8-24-01\jg 2 <br />