Common use of Street Lights Clause in Contracts

Street Lights. The Developer is responsible for the cost of street light installation consistent with a street lighting plan approved by the City. Before the City signs the final plat, the Developer shall post a security for street light installation consistent with the approved plan. The required security is $48,000 and consist of eight (8) decorative acorn lights at $6,000 each. The Developer shall also pay $1,518 in payment of the first year operating costs for street lights.

Appears in 2 contracts

Sources: Development Contract, Development Contract

Street Lights. The Developer is responsible for the cost of street light installation consistent with a street lighting plan approved by the City. Before the City signs the final plat, the Developer shall post a security for street light installation consistent with the approved plan. The required security is $48,000 12,000 and consist of eight one (8) 2) decorative acorn lights at $6,000 6000 each. The Developer shall also pay $1,518 258 in payment of the first year operating costs for street lights.

Appears in 2 contracts

Sources: Development Contract, Developer Agreement

Street Lights. The Developer is responsible for the cost of street light installation consistent with a street lighting plan approved by the City. Before the City signs the final plat, the Developer shall post a security for street light installation consistent with the approved plan. The required security is $48,000 84,000 and consist of eight fourteen (8) 14) decorative acorn lights at $6,000 each. The Developer shall also pay $1,518 1,554 in payment of the first year operating costs for street lights.

Appears in 2 contracts

Sources: Developer's Agreement, Development Contract