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ARTICLE IV <br /> CONSTRUCTION OF PUBLIC IMPROVEMENTS <br /> Section 4 1 Construction of Public Improvements The City has constructed the <br /> following public improvements in accordance with the plans and specification prepared by the <br /> City Engineer <br /> (a) Azurite Street to serve the Development Property <br /> (b) Extension of City utility services to the Development Property in accordance with plans and <br /> specifications prepared by the City Engineer <br /> (the"Public Improvements") <br /> The City shall ietain a lien pursuant to a Lien Agreement on the Development Property in <br /> the amount of One Hundred Fifty-five Thousand and 00/100 Dollars ($155,000)until completion <br /> of the Minimum Improvements by the Developer, which amount represents the Financial <br /> Assistance The Lien Agreement shall be substantially in the form attached as Exhibit F The <br /> City's lien shall at all times be subordinate to any first and second mortgage granted by the <br /> Developer to finance the construction of the Minimum Improvements The City will execute any <br /> agreements reasonably requested by the Developer and/or Holders of any first or second <br /> mortgage to evidence such subordination, except that the City is not obligated to subordinate the <br /> Assessment Agreement to any Mortgage encumbeiing the Development Property <br /> 14 <br />