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Executive Director of Planning and Building Agency and meeting CITY <br />design specifications and standards, OWNER shall pay for the design and <br />construction of the public improvements identified below prior to final <br />approval for occupancy or the issuance of a Certificate of Occupancy. <br />CITY shall be solely responsible for all aspects of the public <br />improvements including, but not limited to, the analysis, design, <br />engineering, construction and inspection/administration of: <br />(1) Santiago Park neighborhood improvements at up to three <br />locations on Edgewood and/or Bush Street to achieve traffic <br />calming. Improvements may be based on input from the Santiago <br />Park Neighborhood Association and may include, but not be <br />limited to, bulb -outs, traffic circles and medians within the <br />neighborhood streets. <br />(2) Street lighting enhancements by replacing all existing non -LED <br />lights and/or fixtures with LED lights and/or fixtures throughout <br />the Santiago Park Neighborhood. <br />(3) A street light at the Santiago Park Drive / Main Street intersection. <br />(4) Decorative concrete pavement within the intersection of Main <br />Street/Walkie Way and Main Street/Santiago Park Drive. <br />4.2.2 Safety Fencing. At the time of issuance of the first building permit, OWNER shall <br />pay the CITY $150,000.00 to reimburse the CITY for the installation and <br />maintenance of security fencing under the I-5 freeway and Broadway overpass for <br />neighborhood safety (see Exhibit "J" - Safety Fencing). <br />4.2.3 Graffiti Removal. OWNER shall install and maintain graffiti protection on all new <br />surfaces and shall, within 24 hours of receiving notice of graffiti, cause it to be <br />removed and associated restorations completed throughout the Project. <br />4.3 Development Impact Fees. <br />4.3.1 Amount of Fee. The Development Impact Fees set forth in Exhibit "D" shall be <br />charged to the Project. These fee amounts are estimated and will be subject to <br />change based on the fee rate applicable at the time of issuance of the Building <br />Permit. <br />4.3.2 Time of Payment. The fees required pursuant to Subsection 4.3.1 shall be paid to <br />CITY prior to the issuance of the first building permit for the Development. <br />4.3.3 Reserved. <br />4.3.4 Future Development Impact Fee Program Changes. The Parties hereby agree that, <br />in addition to the Development Impact Fees included in Exhibit "D", the Project <br />shall be subject to any increase in fees, or amendment or alteration, of <br />Development Impact Fee programs in effect on the Effective Date. <br />55394.0000M 1553187.13 <br />#21124v3 11 A-31 <br />