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Evidence of this second notification must be submitted to the City at the preconstruction <br />meeting. <br />4.10 FINANCIAL RESPONSIBILITIES <br />A. Project Billing <br />The City will invoice the Owner/Developer monthly for engineering services performed <br />(see Section 4.05 for a listing of City engineering services included in the fee). Professional <br />service fees are established and adjusted annually by an administrative order of the City <br />Manager; contact the Engineering Division at 541-682-5291 for a current administrative <br />order. Billing will continue until the as -construct plans, provided by the Project Engineer, <br />are accepted by the City. Unless other arrangements are made, invoices for engineering <br />services shall be fully paid prior to the following: <br />1. Approval of the construction plans <br />2. Issuance of a Permit for Public Improvements (Notice to Proceed) <br />3. Acceptance of completed work and release of the bond <br />B. Other Fees <br />1. As -construct and Warranty Inspection Fees <br />These are flat -fees charged upon issuance of the Public Improvement Permit. <br />These fees recover the costs of reviewing as -construct drawings and performing <br />warranty inspections after construction activities have been completed and the <br />project has been placed on warranty. Refer to the current administrative order for <br />the fee schedule. <br />2. Equivalent Assessment <br />Connection to a public wastewater, stormwater, or street system may require - <br />payment of an equivalent assessment if the subject property was not previously <br />assessed, in accordance with Eugene Code Chapter 7. <br />C. Performance and Warranty Financial Guarantee <br />Pursuant to EC 7.145, before commencing construction of any public improvement, a <br />bond or financial guarantee is required, ensuring and guaranteeing to the City all of <br />the following: <br />1. The improvement shall in all ways comply with the plans and specifications <br />approved by the City Engineer; <br />2. The improvement will be installed using first-class material and in a first-class <br />professional manner under the direction of the City Engineer; <br />3. The improvement shall be free from defects or need of repair for a period of at <br />Public Improvement Design Standards Manual, 2016 Page 4-10 <br />