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• <br />Isabel] Estates <br />Development Contract <br />October. 2014 <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 cite for <br />an\ new construction. <br />XII. VIOLATIONSBUILDING 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 />XIII. PARK DEDICATION <br />a. The Park Dedication fee the Talan Ridge development is calculated as follows: <br />3 units x $2.500 = $7.500 <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 responsibilityof <br />the Developer. Dollars shall be incorporated into the escrow agreement to cover <br />the cost of said property taxes. <br />page 11 <br />