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MapLink™ | Procedures | Performance Guarantee

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Performance Guarantee
1. The following aspects of development in the Lake Flower Planned Unit Development District may be subject to performance guarantee:
a. Pedestrian, Bicycle and Vehicle Parking, Loading and Circulation Infrastructure
b. Sanitary Sewer Infrastructure
c. Water Infrastructure
d. Storm Drainage
e. Site Lighting
f. Erosion and Sediment Control
g. Recreation and Open Space Amenities
h. Landscaping
i. Waste storage

2. The form, terms, and conditions of any performance guarantee shall be developed by the Village Community Development Department in coordination with the Village Attorney.

3. The Performance Guarantee may be required as a condition of site plan approval.

4. The Performance Guarantee may be in the form of a letter of credit or escrow account.

See Attachment 4 for complete, detailed information about the Lake Flower Planned Unit Development District.