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such application as required by law. Charges made by such consultants or <br />professionals shall be in accord with the charges customarily made for such services <br />in Miami -Dade County, and pursuant to an existing contractual agreement by and <br />between the City and such consultant. Charges made by the City shall be in accord <br />with the hourly rates charged by such consultants or hourly rates of employed <br />professionals and shall be paid within 30 days on submission of City voucher. <br />18. At the time of submission of any application or thereafter, it is required that an <br />escrow account be established, from which withdrawals shall be made to reimburse <br />the City for the cost of professional review services, if any. The Applicant shall then <br />provide funds to the City for deposit into such account in an amount to be determined <br />by the City Manager, based on his/her evaluation of the nature and complexity of the <br />application. The Applicant shall be provided with copies of any City voucher for <br />such services as they are submitted to the City. When the balance in such escrow is <br />reduced to one -third (1/3) of its initial amount, the applicant shall deposit additional <br />funds into such account to bring its balance up to the amount of the initial deposit. If <br />such account is not replenished within thirty-days (30) after the applicant is notified, <br />in writing, of the requirements for such additional deposit, the City may suspend its <br />review of the application. An application shall be deemed incomplete if any amount <br />shall be outstanding. A building permit or Certificate of Use and Certificate of <br />Occupancy shall not be issued unless all professional review fees charged in <br />connection with the applicant's project have been reimbursed to the City. Once all <br />pertinent charges have been paid, the City shall refund to the Applicant any funds <br />remaining on deposit. <br />19. That the Applicant shall furnish payment and performance bond in an amount <br />determined by the Building Official to ensure Applicant's performance of public <br />improvements required pursuant to site plan approval and in accordance with <br />recommendations of the Building Official after review of construction plans <br />submitted based on development approval granted herein. Any such bond shall be <br />issued by a surety having a minimum rating of A -1 in the Best's Key Rating Guide, <br />Property/Casualty Edition, shall be subject to the approval of the City, and shall <br />provide that "this bond may not be cancelled or allowed to lapse until 30 days after <br />receipt by the City, by certified mail, return receipt requested, of written notice from <br />the issuer of the bond of intent to cancel or not to renew ". As improvements are made <br />the City, within its discretion, may reduce or eliminate the bond amount. These rights <br />reserved by the City with respect to any construction bond established pursuant to this <br />section are in addition to all other rights and remedies the City may have under this <br />Resolution, in law or in equity. <br />Other Conditions: <br />20. That the Applicant obtains a Certificate of Occupancy and a Certificate of Use from <br />the City upon compliance with all terms and conditions. The Certificate of <br />Occupancy and Certificate of Use shall be subject to cancellation upon violation of <br />any of the conditions. <br />488 Sunny Isles Blvd. Page 5 of 7 <br />