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14 <br />LA515\160\1053952.v2 <br />Developer is $162,000. <br />In addition, a sewer connection charge in the amount of $1,000.00 per REC, a <br />Metropolitan Council sewer availability charge in the amount of $2,485.00 per REC, and a water <br />connection charge in the amount of $1,000.00 per REC will be payable by the Developer and <br />collected by the City at the time the City issues a building permit for each building with the <br />development. <br />24. STREET LIGHTS. The Developer is responsible for the cost of street light installation <br />consistent with a street lighting plan approved by the City. Before the City signs the final plat, the <br />Developer shall post a Security for street light installation consistent with the approved street <br />lighting plan. The required Security is $80,000 and consists of eight (8) decorative lights at <br />$10,000 each. The Developer shall also pay the City $395/light to reimburse the City for the first <br />year operating costs for the street lights. <br />25. WETLAND MITIGATION. The Developer shall complete wetland mitigation/restoration <br />in accordance with the approved Plans and in accordance with any applicable Watershed or <br />agency permits. If the mitigation work is found to be incomplete or restoration is unsuccessful, <br />the City may draw down the Security at any time during the warranty period to perform the work <br />if the Developer fails to take corrective measures after being provided notice by the City. <br />26. BUILDING PERMITS/CERTIFICATES OF OCCUPANCY. <br />A. The City will not issue any building permits for any lot within the Subdivision, or within <br />a completed phase of the Subdivision in a City preapproved phasing plan, until such <br />time that sanitary sewer, water, storm sewer, curbing and one lift of asphalt has been <br />installed and tested for all public streets; boulevard grading has been completed <br />within the entire right-of-way (without hold down grading for the future sidewalk or <br />any other improvements); street and traffic control signs are installed; property <br />monuments have been installed, and grading as-built plans have been submitted