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10. <br /> <br />guarantee shall be in the amount of Twenty Nine Thousand Seven Hundred Fifty Dollars and <br />no cents ($29,750.00). <br /> <br />Payment of Sewer and Water Trunk Charges. There is a sewer and water trunk fee of <br />Ninety Seven Thousand Nine Hundred Fifty Six Dollars and no Cents'($89,376.00) (48 units <br />x $1,862/unit) due on the Plat. <br /> <br />Stormwater Management Fee. The current stormwater management fee is $375.00 per unit. <br />There are 48 single family lots proposed for the Plat;' the three (3) existing homesteads are <br />exempt from the stormwater management feet. Therefore, there is cash payment of Sixteen <br />Thousand Eight Hundred Seventy Five Dollars and no cents ($16,875.00)-due for stormwater <br />management for this Plat. <br /> <br /> SECTION II <br />STAGE II IMPROVEMENTS AND FINANCIAL GUARANTEES <br /> <br />11. Stage II Improvements Required. The Stage II Improvements which the CITY requires <br /> the DEVELOPER to construct within the Plat are as follows: <br /> <br />a) <br />b) <br />.c) <br />d) <br />e) <br />f) <br />g) <br />h) <br />i) <br />J) <br /> <br />Street striping and signing <br />Traffic signing <br />Future though street signs <br />Street lights <br />Street light maintenance and operation <br />Sealcoatihg <br />Street sweeping <br />Adjusting water shut-offboxes <br />Maintenance of storm water and facilities <br />Boulevard seeding <br /> <br />12. <br /> <br />("Stage II Improvements") <br /> <br />Payment for Stage II Improvements. The CITY will install in the Plat the Stage II <br />Improvements. The DEVELOPER shall also deposit an amount that is determined by the <br />CITY to be adequate to. aid in the operation and maintenance of street lights in locations <br />within the Plat determined by the City Engineer and installed by Connexus for the first three <br />(3) years after final plat approval. The CITY will bill residents in the. Plat at least quarterly <br />for street light maintenance and operation costs; billing, will be initiated at the time a <br />residence connects to municipal water and sanitary sewer. The DEVELOPER will pay to <br />the CITY an.amount equal to 100% of the City Engineer's estimated construction cost of the <br />items prior to recording of the final Plat. The City Engineer's estimated cost of construction <br /> <br />Development Agreement/Wildlife Sanctuary 3Pm Addition <br /> Page 4 of 12 <br /> <br />-123- <br /> <br /> <br />