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f <br /> { . <br /> ' Execution Drait <br /> <br /> V~,,,,. 3.2 LocalImprovements. <br /> 3.2.1 KLocal Improvement." The term "local improvement" m any project or <br /> service which, if undertaken by the City, could be paid for, in whole :or in part, by local <br /> assessments against abutting parcels of real property, including, ~uvithout limitation, <br /> streets, sidewalks, underground utilities, and sewerage facilities. <br /> 3.2.2 "Costs" of Improvements. For purposes of this section 3.~, the "costs" of an <br /> improvement include all costs required to design, locate, construct, in'.tall and test a local <br /> improvement in compliance with the City's mandatory spec fications for the <br /> improvement, but do not include the costs of other optional a ancements unless <br /> mutually agreed by the parties. <br /> 3.2.3 Improvements Within Boundaries. Each party shall be so~ely responsible for <br /> the costs of any segment of a local improvement located wholly witl~n the lands of that <br /> party, without regard to the benefits provided by the improvement. <br /> 3.2.4 Improvements Between Boundaries. OWNERS and PARKS shall each be <br /> responsible for one-half of the costs of any segment of a local • impro~Vement constructed <br /> along, under or upon a_ street or boundary between OWNERS' lands ~nd Pazkiands, with <br /> the exception of the following: <br /> A. Sidewalks shall be constructed at the sole expense of the owner of the adjacent <br /> land upon which the sidewalk is located; and <br /> B. The cost of any local improvement dedicated to the exclusive ~ervice of the lands <br /> of either party shall be paid solely by the benefited party. <br /> C. Street trees shall be at the sole expense of the adjacent landowner. • <br /> 3.3 SDC Credits. Each party shall be entitled to receive any SDC credits arising from an <br /> improvement (or portion of improvement) for which the party is solely responsible. Each <br /> party will be entitled to one-half of the SDC credit for any capital or qu g improvement <br /> constructed within a segment of a local improvement for which the :parties are jointly <br /> responsible. OWNERS will receive no Pazk SDC Credits for the value o ;the parkland being <br /> conveyed. <br /> i <br /> 3.4 Other Costs. Except as otherwise mutually agreed, each party wi~ be responsible for <br /> all other costs associated with the development of its respective properties <br /> 3.5 Limitation on City's Expenditures; Collaboration on Tinun~ of Expenditures. <br /> _ ~ <br /> Urban Lands and Parks Pre-Planning Development Agreement Page 5 of 9 <br /> t <br /> C <br /> j <br /> f <br /> 900~j Sod '8 ~N.LPt~ 61d d1~Id9IId Z88~ Z89 T~5 •XV3 fiZ~TT HOIQ 60/5Z/OT <br /> <br />