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PERMITTEE must provide the CITY with copies of all necessary permits from other <br /> governmental agencies prior to or when the PERMITTEE applies for a building permit to <br /> construct improvements on a lot within the Plat. Within thirty(30)days after the completion of the <br /> Stage I Improvements, the PERMITTEE shall provide the CITY with a complete set of <br /> reproducible"As Built"plans for the Stage I Improvements. <br /> 8. Time of Performance for the Stage I Improvements. The PERMITTEE must complete the Stage <br /> I Improvements by October 31, 2025. <br /> 9. Ownership of the Stage I Improvements. The PERMITTEE owns the Stage I Improvements until <br /> the CITY'S acceptance of the Stage I Improvements. Title to the Stage I Improvements <br /> automatically passes to the CITY upon the CITY'S written acceptance of the Stage I <br /> Improvements. Except to the extent the CITY has accepted all or portions of the Stage I <br /> Improvements, in writing, prior to the lapse, expiration, or other termination of the CITY'S <br /> financial guaranty described in Section 13 and except to the extent the CITY and the <br /> PERMITTEE may agree, in writing, to defer the CITY'S acceptance of certain specified Stage I <br /> Improvements, the CITY is deemed to have accepted the Stage I Improvements when the CITY <br /> releases the financial guaranty described in Section 13 or allows such financial guaranty to lapse, <br /> expire or otherwise terminate. <br /> 10. Stage I Improvements License. The PERMITTEE hereby grants the CITY and the CITY'S <br /> agents, employees, officers, and contractors an irrevocable license to enter the Subject Property to <br /> perform all necessary work and/or inspections the CITY deems appropriate during the <br /> PERMITTEE'S installation of the Stage I Improvements. The license shall expire after the CITY <br /> accepts ownership of Stage I Improvements. <br /> 11. Stage II Improvements. The public improvements the PERMITTEE must construct or install are <br /> 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 the <br /> Plans, following payment by PERMITTEE pursuant to the established rates <br /> and charges in effect and outlined in Exhibit B attached hereto. <br /> d. Installation of survey monumentation. <br /> (the"Stage II Improvements"). <br /> The PERMITTEE must complete the construction of the Stage II Improvements by October 31, <br /> 2025. <br /> PERMITTEE must install the Stage II Improvements in accordance with the Plans, excluding the <br /> street and traffic control signs, which will be installed by the CITY. <br /> 12. Required Private Improvements. The private improvements the PERMITTEE will construct or <br /> install are as follows: <br /> a. Lot grading <br /> b. Landscaping <br /> 3 <br />