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1. Conditions of Approval. The CITY hereby approves the Plat on condition that <br />PERMITTEE provide the necessary security in accordance with the terms of this <br />Contract. <br />2. Permittee Plans. PERMITTEE shall develop the Property in accordance with the <br />Permittee Plans, with changes as required by the City Staff Review Letter dated June 28, <br />2011, revised August 3, 2011. The plans shall not be attached to this Contract, but are in <br />CITY files.The Permittee Plans as they currently exist were prepared by: <br />• final Plat Sheets 1 and 2 prepared by Harry S. Johnson Co., Inc. dated <br />6/1/11 <br />and L2.2 prepared by Landform Professional Services dated 6/7/11 <br />• South Elevation prcparcd by Mudrovich Architects undated <br />• Proposed Main and Second Floor Plans prcparcd by Mudrovich Architects dated 6/7/11 <br />3. Stage I Improvements. The "Stage I Improvements", consist of the following: <br />a. Lateral sanitary sewer system <br />b. Lateral watermains and appurtenance;, <br />c. Trunk and lateral storm drainage facilitie <br />d. Lot grading <br />a. Trail construction along Nowthen Boulevard <br />Natural gas <br />Telephone se <br />Electric se <br />j f Temporary and permanent erosion control <br />l-h. Water shut-off boxes <br />• Easement acquisition <br />urj_As-built plans <br />PERMITTEE agrees to construct the Stage I Improvements according to the terms and <br />conditions of this Contract and in accordance with the Permittee Plans, which are subject <br />to revisions per City Staff Review Letter dated June 29., 2011, revised August 3, 2011 <br />and which shall be submitted to the City Engineer review and approval prior to execution <br />by PERMITTEE of any such contract and prior to commencement of construction of the <br />Stage I Improvements. <br />PERMITTEE shall not be assessed for any construction of a trail along Saint Francis <br />Boulevard, unless as part of a requirement for future development. FER1VITTEE <br />acknowledges that any future development will be subject to certain development <br />obligations including, but not limited to, trail construction at the time of the future <br />development. Furthermore, the CITY agrees to consider vacating the perpetual trail <br />easement along Saint Francis Boulevard in the future in the event ,PERMITTEE <br />proposes an acceptable alternative, subject to the approval of the CITY, that will provide <br />STONEY RIVER <br />Development Agreement <br />Page 2 of 12 <br />Formatted: Font: Bold <br />Formatted: Font: Bold <br />Formatted: Font: Bold <br />Formatted: Font: Bold <br />Formatted: Font: Bold <br />