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Development Contract — Site Grading Only <br />Pine Glen <br />March 13, 2006 <br />a) Phase 1 of the project including 40 residential lots can not be final <br />platted until 2006. The final plat for phase 2 of the project <br />including 32 residential lots can not be final platted until 2007. <br />b) A sign must be provided at the northern terminus of Street C and <br />the southern terminus of Street B that indicate that the road is <br />intended to continue in the future. <br />c) Homeowner's Association documentation must be submitted with <br />the final plat application. <br />d) Park dedication fees must be paid in accordance with the city fee <br />schedule. <br />e) A site and building plan review must be completed for both of the <br />commercial lots prior to any commercial activities on those sites. <br />f) All existing structures must be removed prior to the approval of a <br />final plat for any portion of Phase 1. Demolition permits must be <br />obtained prior to the demolition of any structures. <br />g) 4.08 acres of commercial MUSA is here by allocated to the <br />commercial portion of the site. <br />h) 15.4 acres of residential MUSA reserve in year 2005, 5.1 acres of <br />residential MUSA reserve in year 2006 is here by allocated for <br />Phase I of the residential portion of the site. <br />i) 19.8 acres of residential MUSA reserve in 2007 is here by <br />allocated for Phase 11 of the residential portion of the site. <br />j) City native seed mix must be used in all drainage ponds and wet <br />areas and a 3 year management plan must be established with a <br />reputable management company. <br />k) Right of way for Lake Drive shall be dedicated as 60 feet from <br />centerline. <br />1) A 15 foot wide trail easement along Lake Drive will need to be <br />dedicated to the city prior to the City Council approving any final <br />plat for the project. This easement will need to be outside the <br />ultimate right -of -way width for Lake Drive. <br />page 12 <br />-74- <br />