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Section 3. Conditions. The Applicant is required to comply with the following conditions: <br /> (1) The Applicant/Developer shall pay the amount of$147,795.00 to the City for the cost of <br /> undergrounding in accordance with Section 250-12 of the City Code and the approval <br /> Resolution within one hundred twenty (120) days from the adoption of this Resolution. <br /> (2) If the Applicant/Developer fails to pay the amount set forth above, or actual cost if less <br /> than amount set forth above, the City has the right to take certain actions to collect the <br /> required amount for the undergrounding of utility lines including but not limited to <br /> revoking the certificate of occupancy issued for the Chateau Beach Residences or filing a <br /> lien against the property located at 17475 Collins Avenue. <br /> Section 4. Effective Date. This Resolution will become effective upon adoption. <br /> PASSED and ADOPTED this 19th day of November 2015. <br /> George . Scholl, Mayor <br /> ATTES <br /> Jane A. Hints, MMC, City Clerk <br /> APPROVED AS TO FORM <br /> AND LEGAL SUFFICIENCY: <br /> 42112.-- <br /> Hans Ottinot, City Attorney <br /> Moved by: <br /> Seconded by: Al �.y„ T D <br /> Vote: S—b <br /> Mayor Scholl V (Yes) (No) <br /> Vice Mayor Gatto ✓(Yes) (No) <br /> Commissioner Aelion ( ,(Yes) (No) <br /> Commissioner Goldman j es) (No) <br /> Commissioner Levin (Yes) (No) <br /> R2015-Chateau Beach Undergrounding Page 2 of 2 <br />