Project Vanderbilt

The owner and developer pay development costs, including engineering, inspections, easements, permits and work required to correct deficiencies. A $209,045 financial guarantee secures work including stormwater, water main and Nasseff Way improvements.

Stormwater must receive pretreatment to capture trash, oil and sediment before it leaves the site. Wetland buffers and city stormwater standards apply.

Before land disturbance, the owner must enter a long-term stormwater maintenance agreement. The city retains stormwater guarantees until performance is demonstrated and an engineer certifies the completed work.

The owner warrants its required improvements for two years after city approval and must pay for repairs within 30 days of written notice, unless Minnesota law requires a longer warranty.

The final planned development exhibit requires a $29,000 payment in place of planting 58 mitigation trees and protection of retained trees. The earlier development contract in the same packet lists a different amount.