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oi4� - 154G -a ��i 05` <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date August 26, 1996 <br /> Action Agenda <br /> Item#C 3b <br /> SUBJECT: PROPOSED AMENDMENTS TO THE SUBDIVISION REGULATIONS <br /> Section III-E(new)Improvements (was V-D-8) <br /> Section III-C-2e Application Requirements (Minor subdivisions) <br /> Section III-D-2-a.(7) Application Requirements(Preliminary Plat) <br /> Section III-D-3a Application Requirements(Final Plat) <br /> DEPARTMENT: PLANNING& INSPECTIONS PUBLIC HEARING: Yes No <br /> ATTACHMENT(S): INFORMATION CONTACT: Emily Cameron <br /> Extension 2580 <br /> Proposed Amendments TELEPHONE NUMBERS: <br /> Hillsborough - 732-8181 <br /> Durham - 688-7331 <br /> Mebane - 227-2031 <br /> Chapel Hill - 967-9251/968-4501 <br /> PURPOSE: To receive citizen comment on proposed amendments to the Subdivision Regulations <br /> to relocate provisions regarding required improvements from Section V, "Plat <br /> Specifications," to Section III, "Application and Approval Procedures," rewrite the <br /> section for clarity and to add language regarding construction cost estimates and <br /> financial guarantees. <br /> BACKGROUND: The proposed amendment is technical in nature to provide clarity and cohesiveness to <br /> the Subdivision Regulations. The only new text being added is to specify requirements <br /> for construction cost estimates and financial guarantees submitted when improvements <br /> are not completed prior to Final Plat approval. The Planning Staff consulted with the <br /> County Attorney,the County Engineer,and developers to draft the new text. <br /> The proposed ordinance language specifies that a financial guarantee must be effective <br /> for 372 days, which allows one year for the applicant to complete subdivision <br /> improvements and a week for the County to "cash-in" the letter of credit or escrow <br /> agreement, in the event the improvements are not finished in an acceptable manner <br /> within a year. It also requires that the construction cost estimate be itemized with <br /> quantities and unit prices so that the County Engineer can verify that the estimate total is <br /> sufficient to complete a project according to approved plans. <br />