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ODOT). <br /> I.2.3 Construction of separate left <br /> turn and right <br /> turn lanes at the southbound ramp terminal <br /> for the southbound off-ramp (the length, design and construction specifications wiII be approved by <br /> ODOT). <br /> I <br /> 12.4 Construct the extension of Glenwood Boulevard south of the Moon Mountain Drive - <br /> ~ and. Glenwood Drive intersection to the north boundary of the P.UD (known as "Brackenfem <br /> Boulevard" per the PUD plans). The design and construction specifications will be approved by <br /> <br /> j ODOT for the connection ofthe Brackenfern extension to the ODOT-managed roadway. The rest <br /> of the Brackenfern extension .will be constructed to "local street" standards (exclusive of i <br /> _ underground improvements/utilities typically associated with adjacent property development, <br /> includin but not limited to side 'c <br /> g walks, pubh and quasi <br /> public ut~hties and street trees; provided, , <br /> however, that the parties recognize~that certain underground work will beneeessary to support the <br /> PUD itself). <br /> . <br /> Blazer agrees to maintain a deposit of funds with Depository in accordance with the terms aid <br /> conditions set forth in Section 3 below. i <br /> . t <br /> 1.3 ~N BLAZE EAST COMMERCIAL AREA ;PHASES 1 AND 2 TRANSPORTATION <br /> IMPROVEMENTS. A portion of the PUD lying within the EastArea is identified per the PUD <br /> plans as the Commercial Phase; which will be available for development with the processing of a <br /> modification to the PUD by Blazer with the City. Phase l and Phase 2 Improvements are being ~ ' <br /> required~to permit development of this portion of the PUD. Blazer agrees to maintain a deposit of <br /> funds with De situ in accordance w' <br /> ith Sections l.I and I2 above. <br /> Po rY <br /> 2. ESTIMATED COST OP THE BVIFROVEMENTS The'estimated costs to install t:e <br /> required Improvements are as follows: ~ <br /> 2.1 PHASE 1 IMPROVEMENTS. The estimated cost of the work to install the e 1 <br /> Improvements is the sum' of three hundred twenty-five thb d Dollars ($325,00.0). e <br /> ~fiinated cost to perform the work, with the exception of the filling of the slope . accommodate <br /> the realignment of Glenwood Drive is the of two hun~ve ~i ollars ; ~ e~ <br /> 0 000.00 ,Blazer anticipates and intends to timely, efficien easonalIy utilize fill ~ S°~ <br /> avails a om construction activities at off-site real properties or other available sources, they have <br /> estimated work for the slope fill activities to be the sum of seventy five thousand Dollars. <br /> ($75,000.00. <br /> ' 2.2 PHASE 2 IMPROVEMENTS The estimated cost of the work to install the- Phase 2 <br /> Improvements is the sum of two hundred seventy- five thousand Dollars ($275,000.00). ~ ; <br /> 3. DEPQS)<T OR FUNDS BY BL• <br /> AZER. Blazer agrees to make two (2) deposits with Depository } <br /> " and Depository agrees to accept the deposits of the sums estimated at Section 2.1 and 22 above, <br /> respectively, in accordance with the following terms and conditions: <br /> 3.1 DEPOSIT DATE. Blazer will depositthe funds twenty-one days following the resolution of <br /> - 3 - i <br /> <br />