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Forest View Acres 2 nd Addition <br />Development Contract <br />March, 2013 <br /> page 12 <br />X V. PARK DEDICATION <br />A. The Park ded ication fee for this site is calculated as follows: <br /> <br />4.47 acres x $2,175 = $9,722.25 <br /> <br />The Developer is constructing at his sole expense pedestrian trails along both Lake <br />Drive and Main Street as shown in the approved plans. These improvements are <br />hereby credited against the Park dedication fee. <br /> <br />To tal Park dedication owed is $0. <br /> <br />XV I . PROPERTY TAXES <br />A. Should the recording of the Final Plat occur after July 1, any and all property taxes <br />on any public property dedicated as a part of this plat shall be the responsibility of <br />the Developer. Dollars shall be incorporated i nto the escrow agreement to cover the <br />cost of said property taxes.