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Saddle Club <br />Development Contract <br />August 25, 2014 <br />28 units x $2,500 = $70,000 <br />$70,000 - $50,436 = $19,564 (cash escrow) <br />XVI. 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 14 <br />