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Development Contract <br />Century Farm North 3rd Addition <br />March 14. 2005 <br />b) Review and approval of informational brochure including Best <br />Management Practices with regard to buffer and wetland area <br />requirements. <br />c) Receipt of warranty deeds or dedication of all outlots proposed to be <br />conveyed to the City. <br />d) Receipt of permanent easements covering temporary cul -de -sacs <br />lying outside dedicated right -of -way. <br />e) A total of 55.0 acres of MUSA shall be allocated for the project. <br />The phasing plan will have 13.5 acres of MUSA in 2005 for 52 <br />dwelling units. <br />g) <br />The applicant provides documentation to the City that all applicable <br />runway safety requirements have or will be satisfied. The runway <br />safety zone requirements are hereby established as a zoning <br />restriction. <br />Specific hanger designs be submitted subject to City approval prior <br />to consideration of the final plat approval of the lots with the <br />hangers. <br />XIV. VIOLATIONS/BUILDING PERMITS <br />A. In the event that Developer violates any of the covenants and agreements contained <br />in this Development Contract and to be performed by the Developer, the City, at its <br />option, in addition to the rights and remedies as set out hereunder may refuse to <br />issue building permits and/or Certificate of Occupancies to any property within the <br />Subdivision until such time as such default has been corrected to the satisfaction of <br />the City. <br />XV. PARK DEDICATION <br />A. Park dedication for Century Farm North consists of only land dedication and no <br />park dedication fee. <br />XVI. 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 into the escrow agreement to cover the <br />cost of said property taxes. <br />page 14 <br />- 74 - <br />