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ORD NO 01-2002 CITY OF VAN BUREN, ARKANSAS ORDINANCE NO. —2002 AN ORDINANCE AMENDING SUBDIVISION ORDINANCE NO. 14 -1991. WHEREAS, The Van Buren Planning Commission desires to revise the Subdivision Ordinance in order to streamline procedures for guarantees of improvements and to provide new regulations for maintenance warranties; and WHEREAS, A Public Hearing has been held as required by law and the Planning Commission has recommended said revision to the Van Buren City Council for approval. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF VAN BUREN, ARKANSAS: SECTION 1: THAT henceforth. Article IV_. Section g of said Ordinance shall read as follows: "GUARANTEES IN LIEU OF INSTALLATION OF IMPROVEMENTS. The Planning Commission may approve the Final Plat (see Article II b. 6) of a subdivision prior to the installation of all required improvements when the Subdivider deposits cash, a performance and payment bond. or an irrevocable letter of credit with the City in an amount sufficient to insure construction of all required improvements. Such deposits of cash, a performance and payment bond or irrevocable letter of credit with the City shall be in an amount equal to the estimated cost of improvements as detemlined by the City Engineer or other City Officials for the entire subdivision or portion thereof. Upon issuance of written notice of commencement of the "warranty" period (see Article IV. j), the Subdivider may withdraw any deposit made in lieu of installation of improvements." SECTION THAT henceforth. Article IV. Section i of said Ordinance shall read as follows: "MAINTENANCE WARRANTY. Upon acceptable completion of all required subdivision improvements and prior to the commencement of the "warranty" period, the Subdivider shall provide to the City a written maintenance warranty. The maintenance warranty must state that for a period of 12 months the Subdivider will maintain, repair and reconstruct the subdivision improvements in whole or in part if failure occurs due to defective design, defective materials or workmanship. The maintenance warranty shall be in the amount of ten percent (10 of the total construction cost of the subdivision improvements. A deposit of cash, warranty bond, or irrevocable letter of credit shall be made with the City by the Subdivider to financially assure the maintenance warranty." SECTION 3: THAT henceforth, Article IV, Section j of said Ordinance shall read as follows: "MAINTENANCE WARRANTY PERIOD. The maintenance warranty period shall be 12 months in duration and shall begin upon written acceptance by the City of the subdivision improvements. Written notice of commencement of the "warranty" period will be provided to the Subdivider when the following items have been submitted to and accepted by the City: 1) Acceptable completion of all required subdivision improvements; 2) Written maintenance warranty document (see Article IV, i); 3) Deposit of financial assurance of the maintenance warranty (see Article IV, i); 4) Certified cost of improvements; 5) Quality control inspection and test results; 6) "As- Built" or record drawings; 7) Engineer's certification (see Article IV, h); 8) Payment of all required fees. At the end of the 12 month warranty period, if all warranty claims have been satisfied, the City will provide to the Subdivider written notice of acceptance of maintenance responsibility for the subdivision improvements. Upon issuance of written notice of acceptance of maintenance responsibility by the City, the Subdivider may withdraw any deposit made for financial assurance of the maintenance warranty." SECTION 4: THAT any prior Ordinance or parts of Ordinances which are in conflict with this Ordinance are hereby repealed and shall be null and void. SECTION 5: THAT this Ordinance being necessary for the immediate protection of the public health, safety, and welfare of the citizens of Van Buren, Arkansas, an emergency is hereby declared to exist, and this Ordinance shall be in full force and effect from and after its passage. PASSED AND APPROVED THIS 018 DAY OF JANUARY 2002. 41 t..: VIAY R a I) HN RIGGS T/ ATT A CITY CLERK \TREASURER