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<br />7. <br /> <br />Fire Hvdrants, Fire hydrants shall be constructed prior to the issuance of an <br />occupancy permit for the building on the Cub Foods Site and in accordance with <br />plans approved by the Fire Chief or the Lake Johanna Fire Department. <br /> <br />. <br /> <br />B. Estimated Cost of Developer Secured Improvements. The estimated costs of <br />Developer constructed improvements is as follows: <br /> <br />Improvement <br /> <br />Site Grading and Erosion Control <br />Landscaping <br />Storm Sewer <br />Public and Internal Access Roads <br />Sanitary Sewer <br />Water Mains <br />Fire Hydrants <br />Subtotal: <br />Total Security Required (125% of improvements) <br /> <br />Estimated Cost <br /> <br />$ 400,000.00 <br />$ 85,000.00 <br />$ 400,000.00 <br />$ 70,000,00 <br />$ 8,000,00 <br />$ 32,000.00 <br />$ 7,000.00 <br />$1,002,000.00 <br />$ ] .252.500.00 <br /> <br />C. Improvement Security, Prior to the issuance of any development or building <br />permits, the Deve]oper shall deposit security with the City Administrator in an amount equal to <br />125% of the City Engineer's estimate of the C08t of constructing the Deve]oper secured <br />improvements which have not been completed and accepted by the City. The security may be in . <br />the form of a cash escrow fund, a performance bond, or a letter of credit. The form of security <br />shall be approved by the City Attorney. <br /> <br />D. Reduction of Security, Upon completion of required improvements for the <br />Property and acceptance by the City, the City Council shall reduce the amount of security for the <br />completed improvements provided that in no case shall the total remaining security be equal to <br />less than ]25% ofthe estimated costs ofthe incomplete improvements. <br /> <br />E. Utility Companv Improvements, The utility improvements inclnde <br />underground gas, electric, and telephone service a8 installed by the appropriate utility company <br />at the direction of the Developer. The Developer shall arrange for the installation of <br />underground gas, electric, telephone and cable tv after the first lift of asphalt is complete but <br />before the final lift is started. Utility improvements shall be completed by the] ,1 day of <br />November, 2003. <br /> <br />F. Recordinl! Requirements. Prior to the conveyance of any interest in the <br />Property and prior to the issuance of any building or development permits, Developer shall <br />provide with the City with the following documentation. <br /> <br />1. Evidence ofTitIe for the Property. <br /> <br />3 <br /> <br />. <br />