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1 . Stage II Improvements. The Stage II Improvements which the CITY requires <br />PERMITTEE to construct, which are not otherwise included in the Stage 1 <br />Improvements, are as follows: <br />a. Monument stakes for the Plat <br />14. Stage 11 Improvements to remaining Plat outlots. PERMITTEE agrees that Stage 11 <br />Improvements shall be required on remaining Plat outlots at the time of development of <br />said outlots. <br />15. Clean Up. PERMITTEE and the CITY each shall promptly clear from public streets <br />and property any soil, earth, or debris resulting from the construction work on the Stage I <br />Permittee Improvements or the Stage I City Improvements, as the case may be. <br />16. Payment for Stage II Improvements.. PERMITTEE shall be responsible for a financial <br />guarantee for the Stage II Improvements to ensure timely completion of the Stage II <br />Improvements. PERMITTEE ITTE agrees that the Certificate of Occupancy shall not be <br />released until the Stage II Improvements are completed. PERMITTEE shall be <br />responsible for a financial guarantee for any remaining Stage II Improvements that are <br />not complete at the tinle a Certificate of occupancy is requested by PERMITTEE in the <br />amount of 1 % of the City Engineer's estimated cost of the remaining State IT <br />Improvements. PERMITTEE shall deposit said amount as a letter of credit or cash <br />escrow. <br />1 7. Street Cleaning. After the street surfacing is installed, the CITY and PERMITTEE each <br />shall clear any soil, earth or debris from the streets and Stormwater facilities resulting <br />r v �• <br />from any construction within the flat by such party. From time to time and upon not less <br />than thirty six 3 hours prior notice to PERMITTEE, the CITY may remove, at the <br />expense of PEIMITTEE, accumulations of soil, earth and debris from the streets and <br />Stormwater facilities within the Plat resulting from construction of the Improvements, <br />and PERMITTEE shall pay each invoice from the CITY to PERMITTEE for such <br />costs within fifteen 1 days of receipt of the invoice. <br />18. Default. In the event of default by PERMITTEE as to any of the work to be performed <br />by it hereunder, the CITY may, at its option, perform the work and PERMITTEE shall <br />promptly reimburse the CITY for any reasonable expense incurred by the CITY, <br />provided PERMITTEE is first given written notice of the work in default, not less than <br />48 hours in advance. This Contract is a license for the CITY to act, and it shall not be <br />necessary for the CITY to seek a Court Order for permission to enter the Property. When <br />the CITY does any such work, the CITY may, in addition to its other- remedies, assess <br />the cost in whole or in part to the benefitted portion(s) of the Property. PERMITTEE <br />authorizes reimbursement from any of PERMITTEE's escrows held by the CITY. <br />ALPHA VL PMENT Lega y Christian Academy <br />De ve /oprnnn t COI YraCt <br />Page 6 o` 1 <br />