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construct and install the Required Improvements as required herein, the City Council may order <br />the completion of the Required Improvements with CITY day labor and/or by letting contracts <br />for said completion and draw upon the escrow for payment. Only the City Council shall have the <br />authority to direct completion of the Required Improvements and withdraw from the escrow <br />account. The PERMITTEE hereby grants permission and a license to the CITY and/or its <br />contractors and assigns to enter upon the Subject Property for the purpose of completing the <br />construction and installation of the Required Improvements in the event of the PERMITTEE's <br />default. <br />10. Site Inspection Fees. The PERMITTEE shall be responsible for all site inspection costs incurred <br />by the CITY related to the installation of Required Improvements. The PERMITTEE shall <br />make a cash deposit into the appropriate escrow account at the CITY and the CITY shall have the <br />authority to draw upon these funds for the purpose of compensating for inspection services. The <br />amount of the deposit shall be equal to five percent (5%) of the estimated cost of the Required <br />Improvements, which equates to Fifteen Thousand Five Hundred Seventy -Seven Dollars and <br />Five Cents ($15,577.05) (5% x $311,541.00). Upon completion of the Required Improvements <br />to the satisfaction of the CITY, any surplus balance remaining in the CITY's escrow account shall <br />be refunded to the PERMITTEE. <br />11. Storm Water Management Fee. The PERMITTEE is responsible for satisfying applicable <br />Storm Water Management Fee requirements for the plat of GH Ramsey. The PERMITTEE must <br />pay a Storm Water Management Fee of $6,172.00 (1.16 acres x $5,321.00 per acre). <br />12. Park Dedication and Trail Development. The PERMITTEE is responsible for satisfying <br />applicable Park Dedication requirements with the plat of GH Ramsey. The PERMITTEE must <br />pay $5,916 (park dedication) and $1,508 (trail development). These amounts are based off 1.16 <br />acres at $5,100 per acre (park dedication) and $1,300 per acre (trail development). <br />13. Sanitary Sewer Connection (Trunk) Fees. The PERMITTEE is responsible for satisfying <br />applicable Sanitary Sewer Trunk Fee requirements for the plat of GH Ramsey. The <br />PERMITTEE must pay a Sanitary Sewer Trunk Fee of $4,713.00 (1.16 acres x $4,063.00 per <br />acre). <br />14. Water Connection (Trunk) Fees. The PERMITTEE is responsible for satisfying applicable <br />Water Trunk Fee requirements with the plat of GH Ramsey. The PERMITTEE must pay a Water <br />Trunk Fee of $8,518.00 (1.16 acres x $7,343.00 per acre). <br />SECTION II <br />PERMITS AND OCCUPANCY <br />15. Requirements for Building Permit. <br />a. No building permit shall be issued until the PERMITTEE has: (a) installed a Class 5 driving <br />surface to within 300 feet of the structure; (b) provided the CITY Building Official with a <br />Certificate of Survey; (c) the financial guaranty described in Section I Paragraph 8 to the CITY; <br />and (d) obtained all necessary permits from the Lower Rum River Watershed Management <br />Organization and has provided a copy of such permit to the CITY, if applicable; and <br />b. No occupancy permit shall be issued until the PERMITTEE has: (a) constructed vehicular <br />access to the lot, including the installation of at least one layer of bituminous surfacing; and (b) <br />Take 5 Oil Change <br />Development Agreement <br />Page 4 of 8 <br />