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Fmt. Pk. East, S. IV-B• <br />4/17/97 - P&Z Meeting <br />Page 2 of 2 <br />Conclusion: There have been no changes in the subdivision plat. <br />As before, the Developer will be required to pay street <br />lighting construction cost and electrical service cost for one <br />yeaz. These monies will be deposited with the City in an <br />escrow account until such time as construction/installation is <br />complete. This payment shall be made prior to the Final Plat <br />document being released for recordation. Once complete, the <br />City will make payment to HL&P. <br />~ The Public Works Department is currently prepazing a cost <br />estimate for installation of signage in Section N-B. This <br />payment shall be made prior to the Final Plat document being <br />released for recordation. <br />Based on our review, staff recommends approval of the Fairmont <br />Park East, Section IV-B Preliminary and Final Plats with the <br />provision that the plats not be released for recordation until fees for <br />street lighting service and street signage installation have been paid <br />to the City. <br />