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Marshan Meadows <br />Development Contract <br />3 -13 -2006 <br />10. The entry monument sign must comply with the sign ordinance. The <br />developer must submit information regarding ownership and maintenance <br />responsibilities for the monument sign. This must be provided prior to <br />city council review of the final plat. <br />11. The developer shall ensure that tree species near ponds are viable in those <br />locations. <br />12. Concrete sidewalks shall be constructed by the developer within the street <br />rights of way along the east side of Stage Coach Trail and the north side of <br />Park Court. <br />13. Special Blanding's Turtle signage and other measures recommended by <br />the DNR shall be observed by the developer during construction. <br />14. The project shall not be final platted until 2006, in accordance with the <br />City's growth management policy. <br />15. All trees must be cleared in the Lake Drive right of way. <br />XlII 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 />XIV. PARK DEDICATION <br />A. Park dedication in an amount of $41,500.00 shall be paid by the Developer to the <br />City. <br />XV. 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 12 <br />- 52 - <br />