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1996-025sidewal4 ord ORDIN CE NO AN ORDINANCE OF THE CITY OF DENTON, TEXAS AMENDING SECTION 34-114 OF THE CODE OF ORDINANCES OF THE CITY OF DENTON, TEXAS TO REDUCE THE LEVEL OF ESCROW REQUIRED OF DEVELOPERS OF RESIDENTIAL SUBDIVI- SIONS FOR SIDEWALK CONSTRUCTION, PROVIDING A SEVERABILITY CLAUSE, AND DECLARING AN EFFECTIVE DATE THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS S~CTION I That subsection (17) (f) of section 34-114 of the Code of Ordinances of the City of Denton, Texas is hereby amended to read as follows, all provisions of section 34-114 not specifi- cally changed herein shall remain intact and in full force and effect Sec. 34-114. Streets. [text of general provisions unchanged] (1) Street classifications [text unchanged] (2) Vehicle trips [text unchanged] (3) Compliance with specifications [text unchanged] (4) Street capacity [text unchanged] (5) Perimeter streets [text unchanged] (6) Improvements to exlstlng off-site streets [text unchanged] (7) Adequate street access [text unchanged] (8) Coordination with surrounding streets [text unchanged] (9) Intersections [text unchanged] (10) Medians [text unchanged] (11) Cul-de-sacs and dead-end streets [text unchanged] (12) Alleys [text unchanged] (13) Private roads [text unchanged] (14) Street names and signs [text unchanged] (15) Street lighting [text unchanged] (16) Fire lanes [text unchanged] (17) Sidewalks [text of general provisions unchanged] (a) [text unchanged] (b) [text unchanged] (c) [text unchanged] (d) [text unchanged] (e) [text unchanged] (f) Escrow agreement alternatlve Should the public lmprovements required by section 34-40, other than s~dewalks, be completed by the contractor and developer, and the cost of constructing sidewalks be twenty-five thousand dollars ($25,000 00) or less, as determined by the city engineer, the developer may, instead of constructing sidewalks along the frontage of residentIal (single family or duplex) lots ~n the development, deposit cash money in the amount of fifteen percent (15%) of the cost of completing the s~dewalks or slx hundred dollars ($600), whichever ~s greater, w~th a bank ~n Denton County as escrow agent pursuant to an approved escrow agreement (1) The form and provisions of the escrow agree- ment shall be approved by the city engineer and c~ty attorney to ~nsure the completion of the s~dewalks within three (3) years of the acceptance by the city of the other public improvements ~n the development The escrow funds will part~ally guarantee the construc- tion of the sidewalks by the builders ~n the development (2) If the s~dewalks are not completed by the builders and accepted by the c~ty within three (3) years of the acceptance by the city of other public improvements ~n the development, the developer shall have the option to com- plete the construction of sidewalks ~n the development and the escrow funds shall be released to the developer upon acceptance of the s~dewalks by the c~ty Upon approval by the city engineer, the developer may make part~al draws against the escrow funds once at least 85% of the sidewalks in the subdivision are complete, provided that sufficient funds remain in the account to complete the remain- der of the sidewalk construction This prove- PAGE 2 sion is an exception to the requirements of section 34-42(b) of this chapter (3) Should the developer elect not to complete the sidewalks, the city may utilize the escrow funds to complete the construction Should the escrow funds be insufficient to complete construction per the city's standards, the city may utilize the remaining escrow funds to perform initial grading or to install tempo- rary asphalt sidewalks (4) A builder or owner of improvements upon a residential lot shall not be granted occupancy until the sidewalk in front of such lot has been completed and accepted by the city SECTION II That if any section, subsection, paragraph, sen- tence, clause, phrase or word in this ordinance, or application thereof to any person or circumstances is held ~nvalld by any court of competent ]urlsdlctlon, such holding shall not affect the va- lidity of the remaining portions of this ordinance, and the C~ty Councll of the C~ty of Denton, Texas, hereby declares it would have enacted such remalnlng portlons despite any such invalidity SECTION III That this ordinance shall become effective immediately upon Its passage and approval This ordinance may be applied to existing s~dewalk escrow agreements to allow reduction of currently held escrow funds PASSED AND APPROVED this the&~L/day of ~ , 1996 ATTEST JENNIFER WALTERS, CITY SECRETARY PAGE 3 APPROVED AS TO LEGAL FORM HERBERT L PROUTY, CITY ATTORNEY PAGE 4