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EXHIBIT B <br />CONDITIONS OF APPROVAL <br />1. A Development Agreement must be signed by the city and developer prior to <br />releasing the final plat for recording. <br />2. Park Dedication shall be paid in the amount required by the city when the final plat <br />is released for recording (currently $1,425.93/lot). <br />3. Water Availability Charge shall be paid in the amount required by the city when the <br />final plat is released for recording (currently $383/plumbing unit). <br />4. A Letter of Credit shall be provided to the city in the amount of 100% of the costs <br />of the public improvements. <br />5. Upon completion of all improvements and acceptance by the city, a security or <br />warranty in a form acceptable to the city engineer must be secured. <br />6. Development Plan shall be approved by the city engineer prior to issuance of <br />building permits. <br />7. Staff approval of all updated site and engineering plans. <br />8. Any item or condition found that indicates the site is likely to yield information <br />important to pre history or history shall be reported to the city immediately. Further, <br />the city reserves the right to stop work authorized in its approval until the site is <br />appropriately investigated and work is audlorized. <br />F O N E H E O ® r <br />NATURE <br />