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Talan Ridge <br />Development Contract <br />September, 2014 <br />c. Final Plat Approval <br />i. The City agrees to give final approval to the plat of the Subdivision upon <br />execution and delivery of this agreement and all required petitions, bonds, <br />security, and documents including the following: <br />a. A Grading Permit application shall be submitted and approved by <br />City Staff prior to any grading or site work. <br />b. The Rice Creek Watershed District must review and issue a permit <br />for the project prior to building permits being issued by the city for <br />any new construction. <br />XIII. VIOLATIONS/BUILDING PERMITS <br />a. In the event that Developer violates any of the covenants and agreements <br />contained in this Development Contract and to be performed by the Developer, <br />the City, at its option, in addition to the rights and remedies as set out hereunder <br />may refuse to issue building permits and/or Certificate of Occupancies to any <br />property within the Subdivision until such time as such default has been corrected <br />to the satisfaction of the City. <br />XIV. PARK DEDICATION <br />a. The Park Dedication fee the Talan Ridge development is calculated as follows: <br />2 units x $2,500 = $5,000 <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 <br />the cost of said property taxes. <br />page 11 <br />