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19 <br />TW185\1\1011577.v13 <br />28. COMMERCIAL/INDUSTRIAL PARK DEDICATION. The Developer shall <br />submit a cash contribution in lieu of park dedication. The cash payment shall be determined based <br />on the fair market value of 7.5% of the land that would otherwise be dedicated to the City. Based <br />upon the fair market value of the land of $3,122,642.16, the Developer shall submit the <br />commercial/industrial park dedication fee of $234,198.16 to be submitted prior to the issuance of <br />a building permit for the Project. <br />29. LANDSCAPING. Prior to the issuance of a building permit for the Project, as part <br />of the Security, a landscape financial security in the amount of 125% of the estimated cost of the <br />landscaping shall be submitted by Developer. Landscaping shall be completed in accordance with <br />Attachment J of the March 17, 2025, staff report to the Joint Development Authority. The <br />landscape financial security shall be held for two full growing seasons. For any landscaping or <br />screening that is not in accordance with the Plans at the end of two growing seasons, Developer <br />will replace the material to the JDA’s satisfaction before the guaranty is released. In the event, the <br />JDA determines a replacement is required after two growing season and Developer fails to <br />complete such replacement within thirty (30) days after written notice from the JDA and the <br />commencement of the next growing season, then JDA may, at its sole discretion, use the proceeds <br />of the performance guaranty to complete such replacement. <br />30. TREE PRESERVATION. The Developer intends to remove trees in accordance <br />with Section 1325.055 Subd. 6, the number of caliper inches of trees required for replacement shall <br />be completed on the Project Site. <br />31. TRAFFIC CONTROL SIGNS, STREET LIGHT AND STREET <br />MAINTENANCE. [INTENTIONALLY DELETED]