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a. Max Credit = $275,300 (if other improvements are desired by the developer E.g. <br />monument/ sign, these shall be at the developers expense). <br />The Development Agreement (DA) shall specify that the park shall be developed <br />as a Stage I improvement and be substantially complete by August 1st 2018. <br />Additionally, all improvements and specifications shall be pre -approved by the <br />City, with the Developer bearing all costs of bidding, administration, permitting <br />(if any) as well as construction administration. The park construction agreement <br />(DA) will be a reimbursable project, with the developer paying all cash Park <br />Dedication owed, with the City issuing associated payment for each <br />improvement as they are completed and accepted — for a total not -to -exceed <br />amount of $275,300. <br />b. 0 & M impacts: Development Agreement specifies homeowners association <br />provides all mowing services, fertilization and fall or spring leaf pick-up. City <br />forces provide all other maintenance. <br />c. Lake Itasca Park (development initiated in 3 -10 years) <br />i. Parking lot (and potential one -leg of round -a -bout) <br />ii. Canoe/Kayak kiosk <br />iii. Pier with seating at lake (existing CIP project) <br />