Agenda - Council - 03/12/1996 - Laserfiche WebLink

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paid for by the CITY as a Stage II cost. Each of the streets, described herein, will be hard surfaced with bituminous material including installation of concrete curbs. Outlots for Conveyance. The DEVELOPER herein agrees to convey Outlot A of the Plat to the CITY by deed for drainage and utility purposes prior to recording the Plat. Improvements to be Constructed by Developer. The DEVELOPER shall be responsible, at its expense, for rough grading of all tots and streets in accordance with the grading plan consisting of Sheet 3 of 3 drawn by John Oliver and Associates, Inc., dated January 15, 1996. The DEVELOPER shall also be responsible, at its expense, for installation of gas, telephone, and electric utility improvements, with the exception of street lights. The DEVELOPER shall be responsible for completing the rough grading and providing lot comer stakes prior to the installation of underground utilities. Boulevard and Area Restoration. The DEVELOPER shall be responsible for the cost of establishing seed or sod in all boulevards within thirty (30) days of the completion of the street improvements, and restore all other areas disturbed by the development grading operation in accordance with the approved erosion and sediment conwoI plan. The DEVELOPER shall also be responsible for the cost of cleaning any soil, earth or debris from the weflands within and adjacent to this Plat resulting from grading performed in the development of the land. Develor~er Reimbursement of All City Expenses. The DEVELOPER agrees to fully reimburse the CITY for all costs incurred by the CITY including, but not limited to, the actual cost of construction of said Stage I Improvements, engineering fees, administrative fees, legal fees, inspection fees, interest fees, costs of acquisition of necessary easements, if any, and any other cost incurred by the CITY relating to this Development Agreement and the installation of the aforementioned improvements. In addition, the DEVELOPER agrees as follows: (a) The DEVELOPER agrees to reimburse the CITY for all costs described above pertaining to improvemenm by special assessments to be levied against the Subject Property payable over five (5) years. However, special assessments against each lot in the Subject Property must be paid in full upon occurrence of any of the following with respect to each such individual lot: Prior to transfer of fide, prior to issuance of an occupancy permit, or upon filing of any liens whichever occurs £zrst. No I I I I I I I i I