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and the terms of this Agreement and that all financial obligations to the City have <br />been satisfied, the City Engineer may approve a one-time reduction in the <br />Security for Construction Categories 2-5 in an amount not to exceed 50 percent <br />of the initial Security amount. This one-time Security reduction does not apply to <br />Categories 4-5 if boulevard sidewalks or trails have not been installed. <br />E. It is the intent of the parties that the City at all limes have available to it Security <br />in an amount adequate to ensure completion of all elements of the Subdivision <br />Improvements and other obligations of the Developer under this Agreement, <br />including fees or costs due to the City by the Developer. To that end and <br />notwithstanding anything herein to the contrary, all requests by the Developer for <br />a reduction or release of the Security shall be evaluated by the City in light of that <br />principle. <br />39. SUMMARY OF CASH REQUIREMENTS. The following is a summary of the cash <br />requirements under this Agreement which must be paid to the City before recording the final <br />plat: <br />Sewer Availability Charge (SAC): <br />Water Availability Charge (WAC): <br />Park Dedication: <br />AUAR Fee: <br />Railroad Crossing: <br />Special Assessments Due: <br />Street Light Operating Fee: <br />City Base Map Upgrading ($25.00 per REU): <br />City Engineering Administration Escrow: <br />TOTAL CASH REQUIREMENTS: <br />$144,000 <br />$144,000 <br />$0 <br />$11,040 <br />$42,460 <br />$0 <br />$516 <br />$1,200 <br />$50,000 <br />$393,216 <br />40. NOTICES. Required notices lo the Developer shall be in writing, and shall be either <br />hand delivered to the Developer, its employees or agents, or mailed to the Developer by <br />certified mail at the following address: 2140 County Rd 42 W, Burnsville, MN 55337. Notices to <br />29