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<br /> PERMITTEE <br />7.Inspection Fees for the Stage I Improvements. The shall provide an <br />CITY <br />inspection fee to the to inspect the Stage I Improvements. The <br />PERMITTEE <br /> shall be responsible for an inspection fee in the amount of Fifteen <br />($15,834.00) <br />Thousand Eight Hundred Thirty Four Dollars and No Cents , which <br />PERMITTEE <br />The inspection fee must be in the form of a cash escrow. The may <br />request a refund of the remaining balance in the escrow upon completion of the <br />CITY <br />Stage I Improvements, acceptance by the , and supported by appropriate lien <br />waivers <br /> PERMITTEE <br />8.Installation of the Stage I Improvements. The shall obtain all <br />necessary permits from all governmental agencies before commencing construction <br />PERMITTEECITY <br />of the Stage I Improvements. The must provide the with <br />copies of all necessary permits from other governmental agencies prior to or when <br />PERMITTEE <br />the applies for a building permit to construct improvements on a lot <br />within the Plat. Within thirty (30) days after the completion of the Stage I <br />PERMITTEE CITY <br />Improvements, the shall provide the with a complete set of <br /> in CAD format for the Stage I Improvements. <br /> PERMITTEE <br />9.Time of Performance for the Stage I Improvements. The must <br /> <br />complete theStage I Improvements within one (1) year after the recording of the <br />Plat. <br /> PERMITTEE <br />10.Ownership of the Stage I Improvements. The owns the Stage I <br />Improvements until the acceptance of the Stage I Improvements. Title to <br />CITY <br />the Stage I Improvements automatically passes to the upon the <br />CITY <br />written acceptance of the Stage I Improvements. Except to the extent the <br />has accepted all or portions of the Stage I Improvements, in writing, prior to the <br />lapse, expiration, or other termination of the financial guaranty described <br />CITYPERMITTEE <br />in Section 6 and except to the extent the and the may agree, <br />in writing, to defer the acceptance of certain specified Stage I <br />CITY <br />Improvements, the is deemed to have accepted the Stage I Improvements <br />CITY <br />when the releases the financial guaranty described in Section 6 or allows <br />such financial guarantee to lapse, expire or otherwise terminate. <br /> PERMITTEECITY <br />11.Stage I Improvements License. The hereby grants the and <br />the agents, employees, officers, and contractors an irrevocable license to <br />enter the Subject Property to perform all necessary work and/or inspections the <br />CITY <br /> deems appropriate during the installation of the Stage I <br />CITY <br />Improvements. The license shall expire after the accepts ownership of Stage <br />I Improvements. <br /> CITYPERMITTEE <br />12.Stage II Improvements. The future improvements the must <br />construct or install are as follows: <br /> <br />a.Street striping and signing <br /> <br />b.Street lights <br /> <br /> <br />