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<br />before the City signs the final Plat, the Developer shall deposit with the City a $10,000 cash <br /> <br />escrow for the City's future out-of-pocket expenses for legal, planning, engineering, <br />development agreement compliance and inspection services. The Developer agrees that the City <br />has the right to request additional deposits from time to time based on the City's estimates of <br />future out-of-pocket costs. <br /> <br />18. SECURITY. To guarantee compliance with the terms of this Agreement, payment of <br />real estate taxes, payment of the special assessments levied to pay for the costs of the Public <br />Improvements, including interest and penalties, payment of the costs of all Developer <br />Improvements, the Developer shall furnish the City with a Letter of Credit in the form attached <br />hereto as Exhibit B, from a bank or other financial institution acceptable to the City ("Security") for <br />$ .00. The amount of the Security was calculated as follows: <br /> <br />19. CONSTRUCTION COSTS: <br /> <br />Cost of Developer Improvements, description: <br /> <br />a. <br /> <br />Lot access - gravel & silt fencing <br />~ Lots @ $500.00 each <br /> <br />$ 2,500.00 <br /> <br />d. <br /> <br />Wetland protection markers <br />approximately ~ @$150.00each <br /> <br />$ 900.00 <br /> <br />e. <br /> <br />Street sweeping <br />10 each @$250.00 each <br /> <br />$2,500.00 <br /> <br />f. <br /> <br />Flushing of storm sewers, once per year until <br />all lots are built upon <br /> <br />$1,000.00 <br /> <br />g. Shade trees (balled and burlapped) ~ per <br />lot or 1 per comer lot (10 Total) @ $250.00 per tree $ 2,500.00 <br /> <br />h. <br /> <br />Grading! Mitigation! Erosion Control <br />[Approximately 50,000.00] <br /> <br />j. Final Grade/Sod/Curbstop 6 @ $3.500.00 per 101$ <br />[Approximately 21,000.00] <br /> <br />$ <br /> <br />k. <br /> <br />Grading and sodding of outlots and boulevards <br />2,000 sf.x$0.50 <br /> <br />$ 1,000.00 <br /> <br />HanzaI Development Agreement v8 <br /> <br />9 <br />