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• <br />V. REIMBURSEMENT OF COSTS <br />Development Contract <br />Millers Crossroads 2nd Addition <br />March 28, 2005 <br />A. The Developer agrees to establish a non - interest bearing escrow account with the <br />City in an amount determined by the City Administrator or his designee for the <br />payment of all costs incurred by the City related to the development of the plat and <br />the Developer Improvements including, but not limited to, the following (See <br />attachment B for Breakdown of costs): <br />1. Plat Review Fee <br />2. Planner Review Fee <br />3. Administration - 3% Construction Cost <br />4. Engineering <br />a) Administration <br />5. Legal - Plat Review <br />6. Publications <br />7. Park Dedication Fee <br />8. Tree Preservation Policy <br />9. Street Lighting - Install/Operate <br />10. Traffic Signing Improvements <br />11. Boulevard Tree Planting <br />12. Street - Storm Sewer - Pond Maintenance <br />13. Sealcoating Fund <br />14. Aerial Photo Recovery Cost <br />B. If the above escrow amounts are insufficient, the developer shall make such <br />additional deposits as required by the City. The City shall have a right to reimburse <br />itself from the Escrow. <br />VI. BUILDING PERMITS <br />A. The Developer agrees that building permits may be issued upon approval of the <br />Final Plat by the City Council at which time all required Financial Security shall be <br />in place with the City. The Developer further agrees that City Sewer, Water, Storm <br />Sewer, and Bituminous Base Construction of the Streets, temporary street signs, gas, <br />electric, and telephone will be completed prior to the issuance of building permits <br />except for as provided in VI. C. <br />• B. The Developer has submitted an as -built survey certifying that all the grading complies <br />with the grading plan prior to issuance of building permits. <br />page 8 <br />- 6 7 - <br />