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Agreement <br />SECTION 1 <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 Loucks, Inc. and dated September 11, 2025. The Plans remain <br />subject to: (a) City Staff's review and approval of the Plans to, among other things, confirm that <br />the revisions 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 Cost 75% of Cost <br />Release Amount <br />a. Site Work $653,531 $490,148.25 <br />b. Earthwork $91,563 $68,672.25 <br />c. Erosion & Sediment Control $23,109 $17,331.75 <br />d. Utilities— Storm Sewer $168,563 $126,422.25 <br />e. Utilities — Watermain $74,255 $55,691.25 <br />f. Landscaping & Restoration $86,002 $64,501.50 <br />Total $1,097,023 $822,767.00 <br />("Required Improvements") <br />The PERMITTEE agrees to construct the Required Improvements according to the terms and <br />conditions of this Agreement, in accordance with the Plans, and in compliance with Staff review <br />comments. <br />7. Required Improvements Completion Date. The Required Improvements shall be <br />completed within twenty-four (24) months from the date of issuance of the building permit for the <br />Zero Zone Refrigeration, Inc. <br />Development Agreement <br />Page 2 of 8 <br />