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i <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />family residential shall be charged the greater of 5.5 RECs per acre or the actual number of <br />dwelling Cnits. Upon final platting of ali residential lots within the River's Bend 3rd and <br />4th Addi~ons, in accordance with the approved preliminary plat, a reconciliation of <br />assessed Ii.ECs versus RECs due based upon City policy will be made. <br /> <br />14. Date For Sunplying Financial Guarantee. The DEVELOPER agrees to supply <br /> the finan~iaI guarantee as described above to the CITY prior to the CITY ordering <br /> preparatioia of the plans and specifications for construction of the Stage I Improvements. <br /> <br />II. <br /> <br />15. <br /> <br /> STAGE II IMPROVEMENTS AND FINANCIAL GUARANTEES: <br /> <br />~treet CI.eaning. From time to time, the CITY may remove accumulations of soil, earth <br />and debris from the streets resulting from the construction of the Plat. It shall be the <br />DEVELOPER'S responsibility to pay the costs associated with this necessary street <br />cleaning, iInvoices from the CITY to DEVELOPER for such costs shall be paid within <br />fifteen (15) days of the date of invoice. <br /> <br />16. Street/Tqaffic Signs, Street Cleaning and Seal Coating. The CITY willinstall <br /> in the Plat, as Stage II Improvements, street/traffic signs and sealcoating. The <br /> DEVELOPER will pay to the CITY as amount equal to 100% of the City Engineer's <br /> estimatedi construction cost of the items prior to recording of the final Plat. The <br /> DEVELOPER shall also deposit an amount that is determined by the CITY to be <br /> adequate tn aid in the operation and maintenance of street lights in locations determined by <br /> the City Engineer and installed by Anoka Electric Cooperative for the fa'st three (3) years. <br /> The CITY_ will bill residents in the Plat at least quarterly for street light maintenance and <br /> operation costs; billings will be initiated at the time of connection to municipal water and <br /> <br />sanitary saWer. The cost of these items is: <br /> <br /> Street Cleaning <br /> Sealcoating <br /> Two (2) Street Sign(s) <br /> One (1;) Traffic Sign(s) <br /> Four (4) Street Light(s) <br /> Street Light Maintenance & Operation (3 Years) <br /> <br />$300.00 <br />$25OO.OO <br />$240.00 <br />$120.00 <br />$1800.00 <br />$1080.00 <br /> <br />TOTAL $6040.00 <br /> <br />17. Hard Su.rfaced Driveways, Hard surfaced driveways are a requirement for each lot in <br /> <br /> <br />