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Saddle Club <br />Development Contract <br />August 25, 2014 <br />a) The Developer shall implement tree preservation in accordance with <br />the approved Landscape & Planting Plan & Tree Removal <br />Worksheet prior to any site grading. Said plan includes a delineated <br />preservation area, which shall be in accordance with the City Tree <br />Preservation requirements. The Developer shall provide a cash <br />escrow as security, in the amount specified in Attachment B, to <br />insure implementation of the Tree Preservation requirements. Site <br />grading shall not commence until review of the plan and site has <br />been completed and approved by the City Environmental <br />Coordinator, and any other governing agency with jurisdiction as <br />required. <br />b) The Developer shall remove, dispose of, or treat all dead and <br />diseased trees in accordance with the City Forester's <br />recommendation before building permits will be issued <br />x. Street Lighting: <br />a. Residential street lighting shall be owned by the City. Such street <br />lighting system shall be installed, operated, and maintained by the <br />electric company. City and electric utility company may enter into <br />a contractual agreement on the rate and maintenance of the street <br />lighting system. City shall use escrow funds to pay for street light <br />installation. <br />b. <br />It shall be the responsibility of the Developer to pay for street <br />lighting operation charges for the initial 15 months of operation of <br />the system. <br />xi. The Developer shall dedicate to the City, prior to approval of the final plat, <br />at no cost to the City, any permanent or temporary easements that may be <br />necessary for the construction and installation of the Developer <br />Improvements. All such easements required by the City shall be in writing, <br />in recordable form, containing such terms and conditions as the City shall <br />determine. <br />xii. The Developer shall be responsible for securing a Conditional Letter of <br />Map Revision from the Federal Emergency Management Agency <br />CLOMAR-F for the change in base flood elevations within the <br />development. <br />xiii. The Developer shall be responsible for obtaining wetland banking credits <br />for the development project in coordination with the watershed and city. <br />page 5 <br />