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Page 3 <br />December 7, 1988 <br /> <br />The developer post the required bond or escrow and enter into a <br />developer's agreement to complete the improvements. We have <br />estimated the cost of improvements to be $67,200. The bond <br />or escrow is 125 percent of the estimated cost or <br /> <br />The developer agrees to complete Stage ii improvements (seal <br />coating) as stated in Article 170.039c of %he City Ccde. The <br />required ~scrow for Stage II improvements is $4~500. <br /> <br />If you have any questions in regard to the final plat, please let <br />us know. <br /> <br />Sincerely, <br /> <br />HAKANSON ANDERSON ASSOCIATES, INC. <br /> <br />Peter It. Raatikka, ~P.E. <br /> <br />/m!c <br /> <br />cc: <br /> <br />Council (5) <br />Dave Hartley, City Admin. <br />Mark Banwart, Comm. Dev. Dir. <br />Gerald Bauer <br />Caine & Associates <br /> <br />File: RA2:15-65 <br /> <br /> <br />