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• Development Contract—Site Grading Only <br /> Grandview <br /> August 13, 2007 <br /> C. Final Plat Approval <br /> 1. All lots in the plat must agree to connect to City utilities. The City will <br /> not approve the final plat without legally enforceable assurance that all <br /> properties will connect. <br /> 2. Issues discussed in the City Engineer review memo must be addressed to <br /> his satisfaction. <br /> 3. A development agreement between the city and the developer must be <br /> executed prior to the issuance of any building permits for the site. <br /> 4. Park dedication must be paid in accordance with the city's fee schedule. <br /> 5. A conservation easement shall be granted over the drainage and utility <br /> easement within the lots fronting Marshan Lake. Easement restrictions <br /> shall be defined prior to city council approval of the final plat. <br /> 6. The Rice Creek Watershed District must review the project prior to <br /> building permits being issued by the city for any new construction. <br /> 7. A boulevard tree shall be provided for each lot frontage. <br /> 8. The existing roadway easement shall be vacated by the City Council prior <br /> to the approval of the final plat. <br /> M. 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. 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 11 <br />