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<br />WHEREAS, the DEVELOPER intends to cause its required improvements in the Plat <br />to be constructed without financial participation by the CITY; and <br /> <br />WHEREAS, no expenditure of CITY funds will be made until the City Code escrow <br />requirements have been completed by the DEVELOPER; and <br /> <br />WHEREAS, City Code Section 9.50.50 defines "Stage I" Improvements and "Stage II" <br />Improvements which respective definitions are used herein when reference is made to "Stage I" <br />and "Stage II" Improvements. <br /> <br />,,:33::::':::, <br /> <br />NOW, THEREFORE, the CITY and DEVELOPER agJ;~~;~S follows: <br />.:;.:/;,.- . '~:'<':"~':.~.(.:.-~.:.'~...~"".' <br />. .:.:.',",;" ..' <br />. -;-.-, ;- ',<,~;./->. <br />";~.?~~:: ." <br />:':'>.'::'i::;~~:, <br />SECTION I,i:;;;:!Y':;': "., .. :':;:':'~',c <br />STAGE I IMPROVEMENTS AND FINANCIAL GUARANl':EES <br /> <br />I. City Code Compliance. The CITY apProV'~~~l!,lat c,~tioned on th:I!~LOPER <br />developing the Plat in accordance with the applicaBl~~ijpt~\flsions of City Cod~, Section 9.50, <br />entitled Subdivision. ":'/:::" <br />\~11i~iil@ " <br />2. Conformance with Plan. The Plat s1i~r "'eyeloped pursli ':~8;;:the fmal plat and site plan <br />submittal for Northfork Office Condos, 'r~.yls <br />.:*~b:."'i2;;. '" :\:,\ <br />3. Preliminary Plat APPt~y.;~!~~lhe prelimirl~;'plat associ. 'Cl with Northfork Office Condos, <br />approved on Octo~~~;Q1t'2bO~~:;wil1 expire dij:;pctober 24,2007. The City Council can extend <br />preliminary plat.,:~pcR~qyal upoH:~~quest, if a st1i.gjng plan for final plat is submitted. <br />""::ii1m:;j::;::.,i;;:;\i[1l;'jtil <br />4. Incorporation of All'Gi~;:. i@lg~q' e.!1t~. That the recitals above and the applicable <br />provisi8tf.l3J.Q'~ii~~i:~\9ity cli~~~!, S~m.il:n'Code, Zoning Code and Public Improvement <br />Cod.~;;:0Ithe CItY;;~:~~:1:~1pend~qi~~~:,date hereof, are incorporated herein by reference. <br /> <br />5. si:~~.!,~lmproveme~j~~t sm::~~'i:provements shall consist of sanitary sewer lines, <br />municlp~;~~,?rater lines,'~:ijd starn sewer lines, community septic system installation, <br />community:::~~~l installatt<?j1, fIre suppression system installation, installation of private and <br />public streets:'Wl.'fu, curb ~tJd gutter, and all lot grading. <br /> <br />6. Stage I Impro~;t1t(ReqUired. The improvements the City requires the DEVELOPER <br />to construct withiIf'~the Plat are as follows: <br /> <br /> <br />a. Lateral sanitary sewer system <br />b. Lateral watermains and appurtenances <br />c. Lateral storm drainage facilities <br />d. Lot grading and permanent erosion control <br />e. Temporary and permanent erosion control facilities <br />f. Fire suppression services <br />g. Community well facilities <br /> <br />Nortlifork Office Condos <br />Deyelopment Agreement <br />Page 20/8 <br /> <br />-150- <br />