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(2) Security patrol in the residential neighborhood and Santiago Park a. patrol area: Project, Park Santiago and Park Santiago area as depicted on attached Exhibit "IT' b. Type of patrol: Periodic roving security twenty four (24) hours a day. e. Term: 55 years subieet to annual review during which review it may be detennined that such tens shall end earlier. (d) Park Santiago Publie Improvements and Traffic Calming. Subject to the approval by the Executive Director of Publie Works Agency and the Executive Direetorof Planning and Building Agency and meeting City design specifications and standards, OWNER shall design and construct the public improvements identified below prior to final approval for occupancy or the issuance of a Certificate of Occupancy. Owner shall be solely responsible for all aspects of the public improvements including, but not limited to, the analysis, design, engineering, construction and inspeetiorvadministration of: ( I ) Santiago Park neighborhood improvements at up to three locations on Edgewood andlor Bush Street to achieve traffic calming. Improvements may be based on input from the Santiago Park Neighborhood Association and may include, but not be limited to, bulb -outs, traffic circles and medians within the neighborhood streets. (2) Street lighting enhaneements by replacing all existing non LED light and/or fixture with LED light and or fixture throughout the Santiago Park Neighborhood. (3) A street light at the Santiago park Drive/ Main Street intersection. (4) Decorative concrete pavement within the intersection of Main Street/Walkie Way and Main StreevSantiago park Drive. 422 Reserved. 4.2.3 Graffiti Removal. OWNER shall also install and maintain graffiti protection on new surfaces and shall, within 24 hours of discovery of graffiti, cause it to be removed and associated restorations completed throughout the Projeet. 4.3 Development Impact Fees. 4.3.1 Amount of Fee. The Development Impact Fees set forth in Exhibit "D" shall be charged to the Projeet. These fee amounts are estimated and will be subject to change based on the fee rate applicable at the time of issuance of the Building Pennit. 4.3 2 Time of Payment. The fees required pursuant to Subsection 4.3.1 shall be paid to CITY prior to the issuance of building pennits for each residential unit. No fees shall be payable for building pennits issued prior to the Effective Date of this Agreement, but the fees required pursuant to Subsection 4.3.1 shall be paid prior to the re -issuance or extension of any building pennit for a residential unit for which such fees have not previously been paid. -15- 5539b,IM1o0_ 31553197.13