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8. Installation of the Stage I Improvements. The PERMITTEE shall obtain all <br /> necessary permits from all governmental agencies before commencing construction <br /> of the Stage I Improvements. The PERMITEE must provide the CITY with <br /> copies of all necessary permits from other governmental agencies prior to or when <br /> the PERMITTEE 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 /> Improvements, the PERMITTEE shall provide the CITY with a complete set of <br /> reproducible "As Built" plans for the Stage I Improvements. <br /> 9. Time of Performance for the Stage I Improvements. The PERMITTEE must <br /> complete the Stage I Improvements within one (1) year after the recording of the <br /> Plat. <br /> 10. Ownership of the Stageprovements. The PERMITTEE owns the Stage I <br /> Improvements until the CITY'S acceptance of the Stage I Improvements. Title to <br /> the Stage I Improvements automatically passes to the CITY upon the CITY'S <br /> written acceptance of the Stage I Improvements. Except to the extent the CITY <br /> has accepted all or portions of the Stage I Improvements, in writing, prior to the <br /> lapse, expiration, or other termination of the CITY'S financial guaranty described <br /> in Section 6 and except to the extent the CITY and the PERMITTEE may agree, <br /> in writing, to defer the CITY'S acceptance of certain specified Stage I <br /> Improvements, the CITY is deemed to have accepted the Stage I Improvements <br /> when the CITY releases the financial guaranty described in Section 6 or allows <br /> such financial guarantee to lapse, expire or otherwise terminate. <br /> 11. Stage I Improvements License. The PERMITTEE hereby grants the CITY and <br /> the CITY'S 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 deems appropriate during the PERMITTEE'S installation of the Stage I <br /> Improvements. The license shall expire after the CITY accepts ownership of Stage <br /> I Improvements. <br /> 12. Stage II CITY Improvements. The future improvements the PERMITTEE must <br /> construct or install are as follows: <br /> a. Street lights per agreement with Connexus Energy <br /> b. Installation of survey monumentation. <br /> (the"Stage II Improvements"). The PERMITTEE must complete the construction <br /> of the Stage II Improvements within one(1)year after the date upon which the Plat <br /> is recorded. <br /> PERMITTEE must install the Stage II Improvements in accordance with the <br /> Plans. Per City Code Section 117-615, the PERMITTEE shall provide the CITY <br /> with a set of re-producible as-built plans in Computer Aided Drafting(CAD)format <br /> upon completion of the Stage II Improvements and acceptance by the CITY. As <br /> 3 <br />