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June 16, 2022 <br />140 <br /> <br />a. The new owner shall provide two thousand (2000) dollars for each purchased lot. <br />The owner shall deposit cash in escrow with a Federal or state chartered financial <br />institution and shall document the subdivision, block and lot the escrow was <br />prepared for. The owner shall file, with the County, an agreement between the <br />financial institution and himself guaranteeing the following: <br />b. The new owner shall provide two thousand (2000) dollars for each purchased lot. <br />The owner shall deposit cash in escrow with a Federal or state chartered financial <br />institution and shall document the subdivision, block and lot the escrow was <br />prepared for. The owner shall file, with the County, an agreement between the <br />financial institution and himself guaranteeing the following: <br />2. Upon submission of an approved agreement establishing the escrow and the terms and <br />agreements with the county and the new owner the county shall authorize the release of <br />the previously existing lot grading guarantee to previous owner of the lot. <br />(e) Release of Lot Grading Guarantee. Upon completion of the construction of the lots <br />primary structure, completion of final grading of the lot and eighty (80) percent turf <br />coverage of the lot, a request for release of the lot grading guarantee may be submitted <br />pursuant to the following: <br />1. The lot owner has obtained and submitted as built plans of the lots final grading to the <br />County Engineer. The as built plans shall be prepared and surveyed by the engineering firm <br />that developed the subdivisions approved drainage and lot grading drawings. The as built <br />plans shall specify deviations from the previously approved drainage and lot grading <br />drawings. <br />2. A letter by the registered engineer who developed the subdivisions approved drainage and <br />lot grading drawings that the grading of the lot conforms to the subdivisions approved <br />drainage and lot grading drawings. <br />3. Upon approval of the as built plans by the County Engineer, the county shall notify the <br />financial institution holding the escrow to release the lot grading guarantee to the owner of <br />the lot. <br />