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4) Any uncompleted site work (including landscaping) must be escrowed at 125 percent of the estimated value prior to issuance of a certificate of occupancy. 5) Submission of an electronic copy of all plan sets (TIF, PDF, or similar format) prior to release of the Final Plat mylars for recording. 6) The Final Plat shall be recorded with Dakota County within 90 days of approval by the City Council, or the approval is null and void. 7) A declaration of covenants, conditions and restrictions or the equivalent document shall be submitted for review and approval by the City before release of the final plat mylars for recording to ensure maintenance of open space, median plantings, cul-de-sac plantings, common drives, and common utilities. The declaration shall include, but is not limited to, the following: a) A statement requiring the deeds, leases or documents of conveyance affecting buildings, units, parcels, tracts, townhouses, or apartments be subject to the terms of the declaration. b) A provision for the formation of a property owners association or corporation and that all owners must be members of said association or corporation which may maintain all properties and common areas in good repair and which may assess individual property owners proportionate shares of joint or common costs. The association or corporation must remain in effect and may not be terminated or disbanded. c) Membership in the association shall be mandatory for each owner and any successive buyer. d) Any open space restrictions must be permanent and may not be changed or modified without city approval. e) The association is responsible for liability insurance, local taxes and the maintenance of the open space facilities deeded to it. f) Property owners are responsible for their pro-rata share of the cost of the association by means of an assessment to be levied by the association which meet the requirements for becoming a lien on the property in accordance with Minnesota Statutes. g) The association may adjust the assessment to meet changing needs. 8) Cash in lieu of land shall be paid to satisfy park dedication requirements in the amount of $44,000 (40 units at $1,100 per unit). Park dedication must be paid prior to recording of the Final Plat. 9) Sewer interceptor fees in the amount of $14,600 (40 units at $365 per unit) shall be paid prior to recording of the Final Plat. 10)Mr. Abdo and the HRA must finalize the sale of Lot 1, Block 2 and the east one foot of Lot 2, Block 2 before the City releases the Final Plat for recording.