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<br />2. Development Approval. The parties acknowledge that the site plan for the project was <br />approved by the City Commission on August 23, 2004 after a favorable recommendation by the City's Planning <br />and Zoning Commission (the "Site Plan"). The Site Plan for the Property is specifically incorporated into this <br />Agreement by reference for the purpose of clarifying boundaries, locations, areas, and improvements <br />described in this Agreement, and all development shall be in accordance with and subject to the terms of the <br />said Site Plan. <br /> <br />3. Developer Commitments. The conditions and commitments made as to this development <br />approval, all of which have been accepted by and agreed to by the Developer, are as follows: <br /> <br />A. The Developer shall design, permit, and construct a wastewater pumping station with a <br />peak capacity of 13.5 gallons per minute, the related sanitary sewer system, a 6-inch <br />water main and fire hydrant for the developer's three lots prior to the issuance of the first <br />Certificate of Occupancy for the development. The City hereby agrees to reimburse the <br />Developer for the City's prorata share of the costs of the wastewater pumping station, <br />sanitary sewer system, water main and fire hydrant upon acceptance of the <br />improvements by the City. The City must find the utility systems to be built according to <br />the approved plans in order to accept said utility systems. The City's pro rata share has <br />been determined by the Project Engineer of record and is based on the ratio of the <br />excess capacity above the requirements of the Project to the total capacity of the <br />pumping station. The City's prorata share is 81.55 percent as determined by the <br />calculations in Exhibit "B". <br /> <br />B. The Developer shall provide the City the plans for the utility systems, and shall provide <br />the City a written estimate of the anticipated costs of the design, permitting and <br />construction of the utility systems before beginning construction. The City must <br />reasonably approve or deny said design and said costs in writing wtthin ten (10) business <br />days of receipt. The City's consent must be obtained prior to commencement of the work. <br />In the event the actual costs exceed the anticipated costs, the Developer shall provide <br />the City with the detail regarding such cost differences and justification for the <br />discrepancy. It shall be within the City's sole discretion to decide whether to pay the <br />difference between the actual costs and the anticipated costs. The City shall pay to <br />Developer the City's prorata share of the anticipated costs within thirty (30) days of <br />acceptance of the improvements for maintenance by the City. <br /> <br />C. Upon completion of the water main, sanitary sewer and pumping station and related <br />facilities and receipt of reimbursement per the above provision, the Developer shall (i) <br />record an easement in favor of the City in a form mutually acceptable to the parties over <br />the portion of the Property containing the water main and sanitary sewer lines, and <br />related improvements, and (ii) record a Special Warranty Deed and bill of sale in favor of <br />the City, in a form mutually acceptable to the parties, for the utility systems. <br /> <br />2 <br />