02-14-2005 Council Packet - Laserfiche WebLink

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^5.Signage. Signage on the site shall be limited to the required traffic control signage, building designation signs, and the approved monument signs as shown on the approved Signage Plan attached hereto as Exhibit I. Parking and traffic control signage shall be installed subject to City strff and City Engineer approval. 10. Additional Conditions of Approval are documented in tlic Special Conditions Memo attached to tliis Agreement as Exhibit K. B. Development Phasing 1. 2. 4. STONEBAY is intended to be developed in a '.umber of sequential Phar.es over a period of 3-4 years. The various Phases have been designated as Phase One and hiiture Phase j A through D, per the Phasing Plan attached hereto as Exhibit L. Th'. sequential order of development of the various Future Phases has not been absolutely established, but relies to some extent on market conditions and demand. Therefore, tliis Agreement will pertain primarily to the Phase One improvements, and shall be amended as necessary prior to commencement of iinproveiiicnts fc<r each Future Phase. The Pnase One improvements include the construction of Kelley Parkway and associated curb £.nd gutter, sidewalks, lighting, signage and landscaping; construction of municipal sewer and water mains and facilities within the right-of-way of Kelley Parkway; construction of stormwater piping and facilities including the regional pond south of Kelley Parkway; construction of private roads and driveways as well as private and public sewer and water lines and facilities within the area designated as Phase One as shown on Exhibit L; and general site grading for Phase 1 and future Phases. Phase One of the development includes the construction of 28 two-story tewnhome units and 26 rambler townhome units. Commencement of Phase One improvements shall not occur unth Developer has made payment to the City of the prorated portion of the Development Fees (Park Dedication Fee. Stonn Water and Drainage Trunk Fee, and Sewer and Water Connection Charges) for Phase One. Commencement of Future Phase improvements shall not occur until Developer has made payment to the City of the prorated portion of the Development Fee; associated with said Future Phase. The Development Fees for each Phase shall be based on the proportional acreage or number of units within each Phase depending on the method of calculation of each fee, relative to the total project. I'he schedule of Development Fees is attached hereto as Exhibit M. Nothing in tliis Agreement is intended to proliibit the commencement of Future Phases prior to completion of earlier Phases, nor to establish a specific sequence for the various Phases. Completion of Phase I improvements shall be required before commencement of any Future Phase, except that Phase 2 grading and utilities may be commenced prior to completion of Phase 1 improvements. Page 5 of 19 Developer Initial City Clerk Initial <;