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accordance with CITY standards, CITY Code and plans and specifications which have <br />been prepared by a competent registered professional engineer furnished to the CITY and <br />approved by the CITY Engineer. RAMSEY TOWN,' CENTER, LLC shall obtain all <br />necessary permits from all agencies before proceeding with construction. Within thirty <br />(30) days after the completion of the Improvements and before the security is re[eased, the <br />RAMSEY TOWN CENTER, LLC shall supply the CITY with a complete set of <br />reproducible "As Built" plans. <br /> <br />11. Payment of Sewer and Water Trunk Char~es. There is a sewer a.nd water trunk fee of Ten <br /> Thousand, Five Hundred and Ninety Seven Dollars ($10,597.00)~' ($1~0,597 per commercial <br /> acre) due on the Plat. .~.?~...., . <br /> <br />12. Ramse¥ Town Center Phase I Roadway Improvements.'~hase i~ Roadway Improvements, <br /> AUAR Roadway Improvements. Parkina Facility Improvements: In accordance with City of <br /> Ramsey Resolutions 05-02-06'5, 05-02-066, 05_r0'~-067 and 05-02-068:, assessments for <br /> Ramsey Town Center Phase [ Roadway Improvements, Phase-II RoadwaY.~provements, <br /> AUAR Roadway Improvements, and parking facility ~mprov. ements shall be payable to the <br /> CI-TY in a single installment prior to the release cf the final plat mylars for recording. <br /> <br /> a. The assessments due to the CITY for Ramsey Town Center 13th Addition are <br /> Dollars and ;no cents ($. ), <br /> plus interest at a rare of 6.3% peg a~um commencing-Februrary 22, 2005 to the <br /> <br />13. Park Dedicatio~Trail DeVelopment: Per the' Master D~velopment Agreement, the Ci~ and <br /> the Master Developer have negotiated a .-Park and Trail Dedication Agreement. In <br /> accordance with the Park and Trail Dedication Agreement, there are no park dedication or <br /> eail development fees owed on this plat. HoWeVer, there is a park-payment obligation in the <br /> 1s~ Amendment to the Master Development Agreement that' requires a cash payment, to the <br /> Ci~, upon Sale of the prope~ in an amount equal to $5,000.00 per acre being sold. <br /> <br />14. Street Cleaning. A~er-the street Su~acing is installed, the DEVELOPER shall clear any soil, <br /> eamh, or' debris from the streets wiihin the Plat resulting from any construction wi~in Ce <br /> Plat by the DEVELOPER or its successors and assigns. From time to time, the CITY may <br /> remove accumulations 0f soil, each and debhs from the streets resultMg from the <br /> construction of the Plat. It shall be the DEVELOPER'S responsibili~ to pay the costs <br /> associated with' this necessary street cleaning. · Invoices from the CITY to the <br /> DEVELOPER for such costs shall be paid within fi~een (15) days of the date of invoice. <br /> <br />15. <br /> <br />Time of Performance. The DEVELOPER shall install all Required Improvements by <br />Janum,w 1, 2007, The DEVELOPER may, however, request an extension of time from the <br />CITY. If an extension is granted, it shall be conditioned upon updating the security posted <br />by the DEVELOPER to reflect cost increases. <br /> <br />16. Ownership of Improvements. Upon the completion of the work and construction <br /> <br />-439- <br /> <br />Ramsey Town Center llth Addition <br />Development Contract <br /> Page S of I1 Pages <br /> <br /> <br />