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<br />LA515-110-838683.v10 <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 />20. PARK DEDICATION. The Developer shall pay a cash contribution of $380,000.00 in <br />satisfaction of the City's park dedication requirements. The City requires the dedication of land or <br />a cash contribution in lieu of dedication of land in the amount of 10 percent of the market value of <br />the property to be platted. The amount of the cash contribution was calculated as follows: 14.15 <br />acres x 10 percent = 1.415 acres. The purchase price of the property is $3,800,000 <br />($268,551.24/acre). Therefore, the amount of the cash contribution is $380,000.00 (1.415 acres <br />x $268,551.24/acre). The park dedication fee shall be paid by the Developer before recording the <br />final plat. <br />21. SANITARY SEWER AND WATER UTILITY AVAILABILITY CHARGES (SAC AND <br />WAC). The Developer shall be responsible for the payment of all sewer availability charges <br />(SAC) and all water availability charges (WAC) with respect to the Subdivision Improvements <br />required by the City and any state or metropolitan government agency. <br />The sewer availability charge (SAC) in the amount of $3,000.00 per Residential Equivalent <br />Charge (“REC”) shall be paid by the Developer or the Developer’s contractor on behalf of the <br />Developer to the City at the time the City issues a building permit for each building with the