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1 <br /> t <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date October 1. 1996 <br /> Action Agenda <br /> Item# A_C <br /> SUBJECT: AMENDMENTS TO THE SUBDIVISION REGULATIONS (Securing Improvements) <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 /> BUDGET AMENDMENT REQUIRED: Yes (_No <br /> ATTACHMENT(S): INFORMATION CONTACT: Emily Cameron <br /> Extension 2580 <br /> Proposed Amendments TELEPHONE NUMBERS: <br /> 8/26/96 haft Public Hearing Minutes Hillsborough - 732-8181 <br /> 9/4/96 Draft Planning Board Minutes Durham - 688-7331 <br /> Mebane - 227-2031 <br /> Chapel Hill - 967-9251/968-4501 <br /> PURPOSE: Consideration of proposed amendments to the Subdivision Regulations to relocate <br /> provisions regarding required improvements from Section V, "Plat Specifications," to <br /> Section III, "Application and Approval Procedures," rewrite the section for clarity and <br /> to add language regarding construction cost estimates and 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 />