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12 <br />LA515\137\947791.v5 <br />accordance with the approved Plans and the City Engineering Design Standards Manual. Street <br />and traffic sign details shall be submitted by the Developer to the City for approval before their <br />installation. In addition, the Developer shall be responsible for the cost and all coordination work <br />to extend private utilities along with street lighting within the Subdivision all in accordance with <br />the approved plans and right-of-way permits. <br />20. OWNERSHIP OF IMPROVEMENTS. Upon completion of the work and construction <br />required by this Agreement, the Subdivision Improvements lying within public easements shall <br />become City property. Prior to acceptance of the public Subdivision Improvements by the City, <br />the Developer must furnish the City with a complete set of reproducible "record" plans and an <br />electronic file of the "record" plans in accordance with the City’s Engineering Design and <br />Construction Standards Manual together with the following affidavits: <br />- Developer/Developer Engineer’s Certificate <br />- Land Surveyor’s Certificate <br /> <br />certifying that all construction has been completed in accordance with the terms of this <br />Agreement. All necessary forms will be furnished by the City. Upon receipt of “record plans” and <br />affidavits, and upon review and verification by the City Engineer that the public Subdivision <br />Improvements have been completed in accordance with the terms of this Agreement, the City <br />Engineer will accept the completed public Subdivision Improvements. <br />21. PARK DEDICATION. The Developer shall pay a cash contribution of $166,818 in <br />satisfaction of the City's park dedication requirements for the first phase of the development. The <br />amount of the cash contribution was calculated as follows: 15.47 acres x 10 percent = 1.547 <br />acres. The purchase price for the property is $107,833 per acre. Therefore, the amount of the <br />cash contribution is $166,818 (1.547 acres x 107,833 $/acre). The park dedication fee shall be <br />paid by the Developer before the final plat is released to the Developer for recording. Future <br />residential development on Outlots D and E shall provide parkland dedication at the time of final <br />plat.