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a building permit to construct improvements on a lot within the Plat. Within thirty (30) <br /> days after the completion of the Stage I Improvements, the PERMITTEE shall provide <br /> the CITY with a complete set of reproducible "As Built" plans for the Stage I <br /> Improvements. <br /> 7. Time of Performance for the Stage I Improvements. The PERMITTEE must complete <br /> the Stage I Improvements within one(1)year after the recording of the Plat. <br /> 8. Ownership of the Stage I Improvements. The PERMITTEE owns the Stage I <br /> Improvements until the CITY'S acceptance of the Stage I Improvements.Title to the Stage <br /> I Improvements automatically passes to the CITY upon the CITY'S written acceptance of <br /> the Stage I Improvements. Except to the extent the CITY has accepted all or portions of <br /> the Stage I Improvements, in writing,prior to the lapse, expiration, or other termination of <br /> the CITY'S financial guaranty described in Section 12 and except to the extent the CITY <br /> and the PERMITTEE may agree, in writing, to defer the CITY'S acceptance of certain <br /> specified Stage I Improvements, the CITY is deemed to have accepted the Stage I <br /> Improvements when the CITY releases the financial guaranty described in Section 12 or <br /> allows such financial guaranty to lapse, expire or otherwise terminate. <br /> 9. Stage I Improvements License. The PERMITTEE hereby grants the CITY and the <br /> CITY'S agents, employees, officers, and contractors an irrevocable license to enter the <br /> Subject Property to perform all necessary work and/or inspections the CITY deems <br /> appropriate during the PERMITTEE'S installation of the Stage I Improvements. The <br /> license shall expire after the CITY accepts ownership of Stage I Improvements. <br /> 10. Stage II Improvements. The public improvements the PERMITTEE must construct or <br /> install are as follows: <br /> a. Street striping(if required by Plans) <br /> b. Street lights per agreement with Connexus Energy <br /> C. Street and traffic control signs <br /> (i) CITY will provide and install Street Name and Traffic Control signs per <br /> the approved Street Signage Plan, following payment by PERMITTEE <br /> to CITY pursuant to the established rates and charges in effect and <br /> outlined in Exhibit B attached hereto. <br /> d. Installation of survey monumentation. <br /> (the"Stage II Improvements"). The PERMITTEE must complete the construction of the <br /> Stage II Improvements, excluding the street and traffic control signs, which will be <br /> installed by the CITY,within one(1)year after the date upon which the Plat is recorded. <br /> PERMITTEE must install the Stage II Improvements in accordance with the Plans, <br /> excluding the street and traffic control signs, which the CITY will install. <br /> 11. Required Private Improvements. The private improvements the PERMITTEE will <br /> construct or install are as follows: <br /> a. Sanitary sewer <br /> b. Water <br /> C. Storm drainage facilities <br /> 3 <br />