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[DRAFT] <br /> <br />precedent described in Section 4.2 above: paid the inspection fees established under the <br />Zoning Ordinance and obtained the approval of the Lower Rum Ri.'ver Water Management <br />Organization. The Developer may not commence subsequent phases of the mass ~rading <br />and stormwater management system construction until the Developer has submitted to the <br />Cit~' a letter of credit in an amount equal to 125% of the CiD' Engineer's estimate of the <br />cost of the mass ~radin.~ and stormwater management system construction to be performed <br />as a part of that phase. The Developer must also pay the inspection fee due under the <br />City's 2;onin~ Ordinance for the work to be performed in that Phase and obtain the <br />a_pj)roval of the Lower Rum River Water Management Organization for the Work to be <br />performed in that phase. The'Developer must satisfy the conditions precedent to its <br />performance' of the mass ~rading and stormwater management system construction for <br />each phase and commence the mass grading and stormwater system mana,oement <br />construction for that phase on or before the commencement date established in the Phasing <br /> <br />Plan described in Section 4.2(a) and must Complete such activities on or before the <br />completion date set forth in the Phasing Plan described in Section 4.2(a).~ <br /> <br /> ARTICLE 11 <br /> DEVELOPER PUBLIC IMPROVEMENTS - <br />DTTE~I It~' C~F'D~"~T'C DTTDT l~; TmTT TmT~O D AD,fl AXT~TA~D~ APTM~ P~K LAND <br /> <br />IMPROVEMENT. PEDESTRIAN IMPROVEMENTS <br /> <br /> 1 } ] 'r~I~©I~'N~ F~' '1%12'5)'lZ'T t"¥D~'D DT TIDI It'"' T),/[DD F¥~2'~'I~/[E~.T~PC' q-'l~ 1% .... 1 ....... <br /> <br />mass grading.LANDSCAPING ASSOCIATED WITH CITY PHASE I ROADWAY <br /> <br />IMPROVEMENTS. The Developer must complete the installation of the landscap~ <br />associated with the CiW Phase t Roadway Improvements. as described in the Phase I <br /> <br />Landscaping Plan referenced in Section 4.2( ) within months of the CitY's completion <br />of the Cit~, Phase I Roadway Improvements. Upon the Developer's completion of such <br />landscaping, the Developer must submit a euarant3: l describe terms of Guarant3.'] and upon <br />the Ci~"s receipt of such Guaranty. the City will release the letter of credit referenced in <br /> <br />Section 4.2(.__)__. <br /> <br /> 11..2 LANDSCAPING ASSOCIATED WITH CITY PHASE Il ROADWAY <br /> <br />IMPROVEMENTS. The Developer must commence the installation of the landscaping <br />associated with the City Phase II Roadway Improvements. as described in the Phase II <br /> <br />Landscaping Plan referenced in Section 4.2( ) within months of the CiW's <br />substantial completion (exclusive of the final lift) of the City Phase II Roadwa~ <br />~rovements and must complete the installation of the Phase II Landscape Improvements <br />on or before the date months from the City's substantial completion (exclusive of the <br />final lift) of the CiW Phase II Roadway Improvements. Upon the Developer's completion of <br /> <br />the tandscapin~ described in the Phase II Landscaping Plan. the Developer must submit <br />~uarantv fdescribe terms of Guaranty} and upon the City's receip~t of such euarantv the <br />City will release the letter of credit described in Section 7.8(d~. <br /> <br /> 11.3 l 1.2 COMMENCEMENT A~,~DOF COMPLETION OF <br />Di T1DT *[,'~'PA'J~ LAND IMPROVEMENTS AND TIL&ILS.o,w,~e"~':~'* to Fc, rcc. <br />Developer ;; .... ~_ .... t$must commence and complete construct/on of the r~ .... <br /> <br />1555730.red <br />V8 tp V6; <br />8/29/03 <br /> <br />32 <br /> <br /> <br />