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28 <br />LA515\137\947791.v5 <br />Improvements, Tree Preservation and restoration, and Wetland mitigation and <br />buffers shall be retained by the City until: (1) all Landscaping Improvements have <br />been fully completed and accepted by the City, including all corrective work and <br />warranty punch list items being completed by the Developer; (2) all financial <br />obligations to the City have been satisfied; and (3) the warranty period has expired. <br />D. Twenty-five percent of the original Security amount associated with Stormwater <br />Reuse System shall be retained by the City until: (1) all Stormwater Reuse <br />improvements have been fully completed and accepted by the City, including all <br />corrective work and warranty punch list items being completed by the Developer; <br />(2) all financial obligations to the City have been satisfied; and (3) the warranty <br />period has expired. <br />36. SUMMARY OF CASH REQUIREMENTS. The following is a summary of the cash <br />requirements under this Agreement which must be paid to the City prior to the execution of this <br />Agreement by the City: <br />Park Dedication: $166,818 <br />City Engineering Administration Escrow: $50,000 <br />TOTAL CASH REQUIREMENTS: $216,818 <br /> <br /> <br />37. NOTICES. Required notices to the Developer shall be in writing, and shall be either hand <br />delivered to the Developer, their employees or agents or mailed to the Developer by certified mail <br />at the following addresses: Bridgewater Bancshares, Inc., 4450 Excelsior Blvd., STE 100, <br />Minneapolis MN, 55416 Attn: Jerry Baack (jerry.baack@bwbmn.com). Notices also may be <br />delivered to the Developer via email to the above email addresses, provided that a hard copy of <br />the notice is also delivered by certified mail or hand delivery. Notices to the City shall be in writing <br />and shall be hand delivered to the City Administrator or mailed to the City by certified mail in care <br />of the City Administrator at the following address: Lake Elmo City Hall, 3880 Laverne Avenue N, <br />Lake Elmo, Minnesota 55042. Notices may also be delivered to the City Administrator via email,