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<br />CITY <br />Improvements. The license shall expire after the accepts ownership of Stage <br />I Improvements. <br /> CITYDEVELOPER <br />12.Stage II Improvements. The future improvements the must <br />construct or install are as follows: <br /> CITY <br />a.Street striping and signing (street signs to be installed by the ) <br /> <br />b.Seal coating <br /> <br />c.Street lights (not required) <br /> <br />d.Inspections <br /> <br />e.Installation of survey monumentation. <br /> <br />f.Stage II cash deposit (not required) <br /> <br />DEVELOPER <br />must complete the <br />construction of the Stage II Improvements within one (1) year after the date upon <br /> <br />which the Plat is recorded. <br />DEVELOPER <br /> must install the Stage II Improvements in accordance with the <br />DEVELOPERCITY <br />Plans. Per City Code Section 117-615, the shall provide the <br />with a set of re-producible as-built plans CAD format upon completion of the Stage <br />CITYDEVELOPER <br />II Improvements and acceptance by the . Additionally, the <br />CITY <br />agrees to provide to the the plans in CAD format prior to the commencement <br /> <br />of construction of the Stage II Improvements. <br /> <br />13.Stage I and Stage II Improvements to Outlots. This paragraph intentionally deleted. <br /> CITY <br />14.Financial Guaranty for Stage II Improvements. The does not require a <br />DEVELOPER <br />financial guaranty to secure the obligation to construct the Stage <br />II Improvements. <br /> PERMITTEE <br />15.Warranty for Stage I and Stage II Improvements. The shall provide <br />a one year warranty in the amount of Thirty Thousand Seven Hundred Seventy Six <br />($30,776.00) <br />Dollars and No Cents ($123,105.00 x .25), which is 25% of the cost <br />of the Stage I and Stage II Improvements. Said warranty shall be in force for one <br />year following the final acceptance of any required improvements and shall <br />guarantee satisfactory performance of said improvements. The warranty must be in <br />the form of an Irrevocable Letter of Credit in a form acceptable to the <br />Finance Director or cash escrow. <br /> <br />16.Street Cleaning and Clean Up. After the street surfacing that is a part of the Stage <br /> DEVELOPER <br />I Improvements is installed, theshall clear any soil, earth, or debris <br />CITY <br />from the streets. From time to time, the may remove accumulations of soil, <br />earth, and debris from the streets resulting from the construction of the Stage I <br />DEVELOPER <br />Improvements. It shall be the responsibility to pay the costs <br />CITY <br />associated with this necessary street cleaning. Invoices from the to the <br />DEVELOPER <br /> for such costs shall be paid within fifteen (15) days of the date of <br />the invoice. <br />Ѝ <br /> <br /> <br />