O-2008-3067 Service and Assessment Plan for Lakes at Fairmont Greens

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Damage to the public fences, sound walls and.entry monumentation will be repaired as damage occurs. 5.5 Bi-Lateral Agreement. The Home Owner's Association and the Public Improvement District will enter into a Bi-Lateral Agreement that states that the PID will assess and collect the funds for the maintenance of the items listed above and the HOA will hire the contractors and oversee the actual maintenance activities. ARTICLE VI. SCHEDULE 6.1 Project sequencing. The Developer shall establish a specific sequence for the development and construction of the project. Engineering, platting and construction of the project are to be by section. The components contained in each section are subject to approval by the City and are delineated in Exhibit C. The project schedule is outlined below. · Initiation of complete engineering study, including drainage and preliminary infrastructure design. · Detailed engineering design for Phase, including water and sanitary sewer service and initial drainage and detention to accommodate Phase; · Subdivision preliminary platting, site plan, and detailed engineering plans review by the City of La Porte and others; . Submission of Final Plat. · Installation of on-site and off-site improvements in accordance with Plans. · Recordation of Final Plat · Completion of other "Developer Items" such as fences, landscaping, amenities, etc. · Continuation of remainder of development as rapidly as market demands. 6.2 Plat Recordation. The final plat for a section, as approved by City Planning and Zoning, may be recorded once the City has inspected and accepted the Water, Sewer, Drainage and Paving for that section. It is the intent of the Developer to record the Section 1 plat as soon as the water, sewer, . drainage and paving have been accepted by the City. The following list, plans and specifications subject to City approval, will be considered "Developer Items": 1) sound wall along S.H. 146 2) upgrade wood fence along Wharton Weems Blvd. 3) 4' high ornamental iron style fence along the golf course 4) entry monumentation 5) landscaping and 6) school bus stop 7) Determine and agree to the level of participation and schedule for payment for the signalization of Wharton Weems Blvd. at SH 146. 8) Rear lot line fences adjacent to any pedestrian pathway or similar amenity are to be of like standard with the fence along the golf course and may be passed on to the builder subject to the approval by the City. Completion of "Developer Items" for Section 1 shall continue following recordation of Final Plat, with an anticipated completion date of May, 2008. Failure to accomplish the "Developer Items" may give cause for the TIRZ board to withhold further increments. All fence designs, once approved by the City, will be forwarded to the TIRZ Board for further approval. Developer will furnish to the City approved and executed agreements with subsequent builders assigning any Developer's Agreement (Final) 011708 Page 5 of 9