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E. The PERMITTEE intends to cause the Required Improvements to the Subject Property to be <br />constructed without financial participation by the CITY. <br />Agreement <br />SECTION I <br />REQUIRED IMPROVEMENTS AND FINANCIAL RESPONSIBILITIES <br />1. City Code Compliance. The CITY approves the site plan (the "Site Plan") conditioned on the <br />PERMITTEE developing the Subject Property in accordance with the applicable provisions of <br />City Code. <br />2. Conformance with the Plans. The Subject Property shall be developed in accordance with the <br />final plans (the "Plans") prepared by Demarc Land Surveying & Engineering dated December 6, <br />2024 and Negen Associates and dated November 1, 2024. The Plans remain subject to: (a) City <br />Staff's review and approval of the Plans to, among other things, confirm that the revisions <br />requested in the CITY's review have been made; and (b) such further revisions as the <br />PERMITTEE may propose and the CITY approves. The Plans shall not be attached to this <br />Agreement, but are in the CITY's files. <br />3. Incorporation of All City Code Requirements. That the recitals above and the applicable <br />provisions of the City Charter, Subdivision Code, and Zoning Code of the CITY, as amended to <br />date hereof, are incorporated herein by reference. <br />4. State Building Code Compliance. The structure(s) shall be constructed in accordance with the <br />requirements of the Building Code. <br />5. Fire Lanes. Fire lanes shall be maintained on the Subject Property. The exact locations of these <br />items on the Subject Property shall be as directed by the Fire Chief. The PERMITTEE herein <br />agrees to post "No Parking" signs along driveways in accordance with City Code requirements and <br />in conjunction with the instructions of the Fire Chief. <br />6. Required On -Site Improvements. The PERMITTEE shall construct and install the following <br />site improvements on the Subject Property in accordance with the specifications and location as <br />shown on the Plans. The Required Improvements and the allocated costs therefor are as follows: <br />Required Improvement — Blanery Cost 125% of Cost <br />Release Amount <br />a. Site work (including lot grading, $97,550.00 $121,938.00 <br />parking lot and driveway <br />bituminous pavement, and <br />concrete walkways, curb, and <br />gutter) <br />b. Landscaping (including temporary $5,234.00 $6,542.00 <br />and permanent erosion control) <br />Storm drainage facilities $25,306.00 $31,632.00 <br />Sanitary sewer service $6,820.00 $8,525.00 <br />Water services $10,081.00 $12,601.00 <br />TOTAL $144,991.00 $181,238.00 <br />c- <br />d. <br />e- <br />Blanery LLC <br />Development Agreement <br />Page 2 of 9 <br />