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<br />SECTION II. <br />STAGE II IMPROVEMENTS AND FINANCIAL GUARANTEES <br /> <br />8. Stage II Improvements Required. The Stage II hnprovements which the CITY requires <br />the DEVELOPER t~ constructwithjn the Plat are as follows: . <br /> <br />a) Monuments <br /> <br />("Stage II hnprovements") <br /> <br />9. . Pa~ment for Stage II Improvements. The CITY will install in the Plat the Stage II <br />hnprovements. The DEVELOPEl,l will pay tb the CITY an ~ount equal to 100% of the <br />City Engineer's esti~ated constr:uction cost of the items prior to' recording of the final Plat. . <br />The City Engineer's estim,ated cost of construction'is: <br /> <br />a) Monuments <br /> <br />("Stage II hnprovements") <br /> <br />$ <br /> <br />Total: <br /> <br />$ <br /> <br />SECTION III <br />PARK DEDICATION <br /> <br />, 11. Park Dedication Requirements. Park Dedicationrequirements were satisfied for :(.,ot 1, <br />Block 1, ELMCREST SANCTUARY Any additional lots created with future plats will be . <br />subject to Park Dedication requirements at the rate in effect at the time' a development <br />agreement is executed. <br /> <br />SECTION IV <br />TRANSPORTATION AND LANDSCAPING <br /> <br />.12. Trail Development Fees. Trail Development Fees were not collected with the RABBIT <br />RUN plat. Since no additional buildable lots' are being created, the DEVELOPER is not, <br />required to pay a Trail Development Fee. Any additional lots created with future plats will <br />be subject to Trail Development Fees at. the rate in effect at the time a development <br />agreement is executed. <br /> <br />40 <br /> <br />Elmcrest Sanctuary <br />Development Agreement <br />November 2009 <br />Page 40/8 <br />