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WttEREAS, thc DEVELOPER intends to cause its required improvements in the Plat <br />to be constructed with financial participation by the CITY; and <br /> <br /> WHEREAS, the DEVELOPER desires to construct the Stage I and Stage II <br />improvements, except for those Stage II Improvements constructed by the CITY; and <br /> <br /> WHEREAS, no expenditure of CITY funds will be made until the relevant City Code <br />escrow requirements have been completed by the DEVELOPER. <br /> <br />NOW, THEREFORE, the CITY and DEVELOPER agree as follows: <br /> <br />-306- <br /> <br /> SECTION I <br />STAGE I IMPROVEMENTS AND FINANCIAL GUARANTEES <br /> <br />City Code Compliance. The CITY approves the Plat conditioned on the <br />DEVELOPER developing the Plat in accordance with the applicable provisions of City <br />Code, Section 9.50, entitled Subdivision. <br /> <br />2. Conformance with Plan. The Plat shall be developed pursuant to the Final Plat Plan, <br /> Utility Plans, Final Grading Plan, and Landscaping Plan, all prepared by Pioneer <br /> Engineering and dated January 25, 2006, revised March 24, 2006. <br /> 3. Incorporation of All City Code Requirements. That the recitals above and the <br /> ~_pplicable provisions of the City Charter, Subdivision Code, Zoning Code and Public <br /> Improvement Code of the CITY, as amended to date hereof, are incorporated herein by <br /> reference. <br /> <br />Stage I Improvements Required. The improvements the CITY requires the <br />DEVELOPER to construct within the Plat are as follows: <br /> <br />Trunk and lateral sanitary sewer system <br />Trunk and lateral watermains and appurtenances <br />Streets with concrete curb and gutter <br />Trunk and lateral storm drainage facilities <br />Lot grading and permanent erosion control <br />Sidewalk Construction along both sides of 152"a Way N.W., Krypton Street N.W., <br />Helium Street N.W. and along the south side of 152na Avenue N.W. <br />Driveway from existing Fire Department through Lot 21, Block 1, to Helium <br />Street N.W. <br />Natural gas <br />Telephone service <br />Electric service <br /> Street lights (installment arranged by CITY during Stage I Improvements and <br /> paid for by DEVELOPER as Stage II Improvement) <br /> Meadow Subdivision <br /> Development Agreement <br /> Page 3 of 13 <br /> <br /> <br />