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<br /> 11 <br />212751v1 <br /> E. The Developer shall pay the cost for the preparation of record construction <br />drawings and City base map upgrading by the City Engineer as part of the Administrative / Engineering <br />Fee. <br /> F. The Developer is required to submit the final plat in electronic format. The <br />electronic format shall be Auto CAD file. <br /> G. The Developer must obtain a sign permit from the City prior to installation of any <br />signs for the development. <br /> 29. SUMMARY OF SECURITY REQUIREMENTS. To guarantee compliance with the <br />terms of this Contract, payment of the costs of all improvements, and construction of all public and private <br />improvements, the Developer shall furnish the City with a cash escrow ("Security") in the amount of <br />$1,387,387.50. <br />The amount of the Security was calculated as follows: <br />CONSTRUCTION COSTS: <br />Outside Utilities (installation of water main, sanitary sewer, storm drain <br />and drain tile) $579,410.00 <br />Erosion Control/Grading Certification $110,000.00 <br />Streets, Parking Lots, and Interior Walks $408,000.00 <br /> CONSTRUCTION SUB-TOTAL $1,097,410.00 <br />OTHER COSTS: <br />Tree Dedication Contribution $10,000.00 <br />Lot Corners/Iron Monuments $2,500.00 <br /> OTHER COSTS SUB-TOTAL $12,500.00 <br />TOTAL SECURITIES: $1,109,910.00 <br /> <br />GRAND TOTAL SECURITIES (125%) $1,387,387.50 <br />This breakdown is for historical reference; it is not a restriction on the use of the security. The bank shall <br />be subject to the approval of the City Administrator. The security shall be for a term ending November <br />30, 2022. Individual security instruments may be for shorter terms provided they are replaced at least