Agenda - 10-02-1995 - VIII-F - Laserfiche WebLink

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i i 4 by a bond, letter of credit, or escrow agreement, the landscape improvements. could only be completed if the funds included labor costs as well as the cost of the plant materials. The proposed amendment to the landscape regulations makes explicit the intent of the financial guarantee to cover the cost to purchase and install required land- scaping, that is, to include labor costs. The amendment would also specify that a qualified individual other than the owner must prepare the cost estimate. Existing and Proposed Text: [proposed text underlined] Zoning Ordinance, Article 12 12.3 Plan Review and Approval No building permit shall be issued until the required landscaping plan has been submitted and approved., and- -NNo certificate of occupancy shall be issued until the landscaping is completed as certified by an on-site inspection by the Zoning Officer, unless a performance bond, letter of credit, or escrow agreement as a guarantee of improvements has been posted. The financial guarantee shall be accompanied by an estimate of the cost to purchase and install the required landscaping. The cost estimate must be prepared by a nursery operator, landscape contractor, landscape architect, or other individual qualified to calculate the cost to complete the required improve- ments based on the approved landscape plan, who has no direct or indirect ownership interest in the project for which landscaping is required. The amount of the bond, letter of credit, or escrow agreement shall be 110 percent of the estimate. Subdivision Regulations, Section IV-8-8 IV-8-8-b LANDSCAPE PLAN REVIEW AND APPROVAL No subdivision shall be approved and no building permit shall be issued until the required landscape plan has been submitted and approved. No certifi-