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f. Concrete Curb and gutter (not required) <br />g. Lot grading <br />h. Landscaping (noted as State I improvement) <br />12. Financial Guaranty for Staae I Improvements, Staae II Improvements, and Required <br />Private Improvements. The PERMITTEE shall provide a financial guarantee to the <br />CITY guaranteeing the construction of the Stage I Improvements, Stage II <br />Improvements, Required Private Improvements, and their timely completion. The <br />PERMITTEE shall be responsible for a financial guarantee in the amount of <br />($808,030.68), which is 125% of the estimated cost of the Stage I Improvements as <br />approved by the City Engineer. Upon completion of Stage I Improvements (including <br />the removal of "temporary" erosion control measures as identified in the approved <br />Grading Plan), acceptance by the CITY, supported by appropriate lien waivers, the <br />PERMITTEE may request a reduction in the amount of the financial guarantee. <br />13 Inspection Fees for Staae I Improvements, Staae II Improvements, and Required <br />Private Improvements. The PERMITTEE shall provide an inspection fee to the CITY <br />to inspect the Stage I Improvements, Stage II Improvements, and Required Private <br />Improvements. The PERMITTEE shall be responsible for an inspection fee in the <br />amount of ($32,321.23), which is 5% of the estimated cost of the Stage I Improvements, <br />Stage II Improvements, and Required Private Improvements as approved by the City <br />Engineer. The inspection fee must be in the form of a cash escrow. The PERMITTEE <br />may request a refund of the remaining balance in the escrow upon completion of the <br />required Stage I Improvements, Stage II Improvements, and Required Private <br />Improvements, acceptance by the CITY. <br />14. Warranty for Staae I and Staae II Improvements. The PERMITTEE shall provide a <br />one year warranty in the amount of ($161,606.14), which is 25% of the cost of the Stage <br />I and Stage II Improvements. Said warranty shall be in force for one year following the <br />final acceptance of any required improvements and shall guarantee satisfactory <br />performance of said improvements. The warranty must be in the form of an Irrevocable <br />Letter of Credit in a form acceptable to the CITY' S Finance Director or cash escrow. <br />15. Street Cleaning and Clean Up. After the street surfacing that is a part of the Stage I <br />Improvements is installed, the PERMITTEE shall clear any soil, earth, or debris from <br />the streets. From time to time, the CITY may remove accumulations of soil, earth, and <br />debris from the streets resulting from the construction of the Stage I Improvements. It <br />shall be the PERMITTEE'S responsibility to pay the costs associated with this <br />necessary street cleaning. Invoices from the CITY to the PERMITTEE for such costs <br />shall be paid within fifteen (15) days of the date of the invoice. <br />16. Payment of Development Fee's. The PERMITTEE must pay to the CITY the fees <br />described on Exhibit B which may include, but are not limited to, Park Land Dedication <br />Fees, Trail Development Fees, Sanitary Sewer Connection (Trunk) Fees (not <br />applicable), Water Connection (Trunk) Fees (not applicable), Sanitary Sewer Lateral <br />Fees (not applicable), Water Lateral Fees (not applicable), Stormwater Management <br />