Laserfiche WebLink
-148- <br /> <br /> SECTION II <br />STAGE II IMPROVEMENTS AND FINANCIAL GUARANTEES <br /> <br />11. Stage II Improvements Required. The Stage II Improvements which the CITY requires <br /> the DEVELOPER to construct within the Plat are as follows: <br /> <br />a) <br />b) <br />c) <br />d) <br />e) <br />f) <br />g) <br /> <br />Street striping and signing <br />Traffic signing <br />Street lights <br />Sealcoating <br />Adjusting water shut-off boxes <br />Maintenance of storm water and facilities <br />Boulevard seeding <br /> <br />(" Stage II Improvements" ) <br /> <br />12. <br /> <br />Payment for Stage II Improvements. The CITY will install in the Plat the Stage II <br />Improvements. The DEVELOPER shall also deposit an amount that is determined by the <br />CITY to be adequate' to aid in the operation and maintenance of street lights in locations <br />within the Plat determined by the City Engineer and installed by Connexus for the first three <br />(3) years after final plat approval. The CITY will bill residents in the Plat at least quarterly <br />for street light maintenance and operation costs; billing will be initiated at the time a <br />residence connects to municipal water and sanitary sewer. The DEVELOPER will pay to <br />the CITY an amount equal to 100% of the City Engineer's estimated construction cost of the <br />items prior to recording of the final Plat. The City Engineer's estimated cost of construction <br />is: <br /> <br />a) Traffic signing (5 ~$120 each) $600.00 <br />b) Street lights (8 ~ $1,700 each) $13,600.00 <br />c) Street light maintenance & operation for 3 yrs (8 x $270) $2,160.00 <br />d) Sealcoating (10,467 sq. yd. at 0.85/sq. yd.) $8,897.00 <br />e) Adjusting water shut-off boxes No charge <br />f) Maintenance of storm water and facilities No Charge <br />g) Boulevard seeding No Charge <br /> TOTAL $25,257.00 <br /> <br />13. <br /> <br />Hard Surfaced Driveways. Hard surfaced (bituminous or concrete) driveways are a <br />requirement for each lot in the Plat. Said improvement shall be installed by the building <br />permit applicant or the homeowner at the time the Certificate of Occupancy is issued or as <br />soon thereafter as possible, weather permitting. In the event this improvement is not timely <br />installed on a lot, the DEVELOPER and/or the DEVELOPER'S assign(s), agree that the <br />CITY may install said improvement on the lot and specially assess the cost therefore against <br />the lot. The DEVELOPER hereby waives all rights to a public heating and other statutory <br />rights or City Charter rights granted a property owner relating to special assessments, <br />including the right to appeal the special assessment for installation of the hard surfaced <br /> <br />Development Agreement/Highlands At River Park <br /> Page 5 of 14 <br /> <br />I, <br /> I <br />I <br /> I <br />I <br /> Ii <br /> <br />I' <br />I <br />I <br />I <br /> <br />I <br />I <br />I' <br />I <br />I <br />I <br />I <br /> <br /> <br />