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<br /> :I <br /> be developed as'approved. <br /> I <br /> 3. BLAZER DEPOSIT OR Ft1NDS. Blazer is willing to deposit fonds with the Depository~in <br /> accordance with the terms and conditions set forth below and the City is willing to accept the deposit , <br /> as financial assurance of the funding commitment for the needed transportation improvements. <br /> ~ ~ AGREEMENT: , <br /> 1 __.~ROVEMENT REOUII2ED TOIL T13E PUD. The Coop Agreement sets fords <br /> transportation improvements which will be required to be ui place before developtrcent of identified <br /> real properties in the Laurel Hill Area wil! be permitted to proceed, by phase: <br /> 1.1 SON BLAZE VALLEY AREA =PHASE 1 TRANSPORTATION IMPROVEMENTS. <br /> Phase 1 Improvements are being required to permit development of that portion of the PUD lying <br /> ' within. the Valley Area identified per the PUD plans as_Phases 1, 2, 3, and 8 thereof. The Phase 1 <br /> Irciprovements consist of: ~ ~ , <br /> 1.1.1 Realignment of Moon Mountain.Drive and surface street improvements to "local <br /> street" standards {exclusive ofunderground improvements/utilities typically associated with <br /> . adjacent property development, including but not limited to sanitary sewers, sidewalks, <br /> public and quasi-public utilities, and street trees). ~ r <br /> _ ~ i <br /> 1.1.2 Construction of a right turn Lane for the westbound approach at the intersection of <br /> Glenwood Drive and Glenwood Boulevard (the length, design and construction <br /> specifications will be approved by ODOT). <br /> ! <br /> 1.1.3 Permission to stockpile material on the site for the realignment of Glenwood Drive . <br /> which are identified as Phase 2 'franspartation Improvements at Section 1.2 herein. The <br /> contractorwiIlobtaina"miscellaneouspernut"fromODOTtoperformthefillwork. Access <br /> to the stockpile will be determined by ODOT. The contractor will be responsible for <br /> preparing and. implementing a tratlic control plan. The traffic control plan will be approved <br /> by ODOT. <br /> Blazer agrees to maintain a deposit of funds with Depository regarding these improvements in <br /> accordance with the terms and condition's set forth in Section 3 below. <br /> 1.2 SON BLAZE EAST RESIDENTIAL AREA =PHASE 2 TRANSPORTATION <br /> IMPROVEMENT'S. Phase2lmprovementsarebeingrequiredtopernutdevelopmentofthatportion <br /> of the PUD lying within the Fast Area, identified per the PTJD plans as Phases 4, S, 6, 7 an_ <br /> d 9 <br /> thereof. The Phase 2 Improvements consist of ~ . <br /> 1.2.1 Realignment and reconstruction of Glenwood Drive. The design and construction <br /> specifications will be approved by ODOT. <br /> 1.2.2 Relocate and reconstruct the Glenwood Interchange southbound ramp terminal, as <br /> illustrated in the Coop Agreement {the design and constriction specifications will be approved by . <br /> . ~ -z- , <br /> <br />