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~ ~ <br />NOW, THEREFORE, it is agreed as follows: <br />1. Improvements. A traffic signal constructed by the <br />Developer will benefit other properties in addition to the <br />Property. Developer is entitled to recover some of the costs of <br />such construction work for the signal and related public <br />improvements from other property owners who benefit from these <br />improvements when the subject properties develop. The <br />construction work to be performed by the Developer subject to <br />reimbursement shall include the work described in Exhibit A <br />attached hereto and incorporated herein by this reference. <br />2. Reimbursable Costs. The amount of the reimbursement <br />shall be based upon the estimates of construction cost included <br />in Exhibit A. However, within 60 days after completion of the <br />signal and related public improvements, Developer shall submit to <br />the City Engineer actual costs of the construction work. <br />Thereafter, the City Engineer shall review for appropriateness. <br />If the City Engineer determines any reimbursable cost is not <br />appropriate, the actual construction costs shall be adjusted <br />downward. Reimbursement from other property owners shall be <br />based on actual construction costs as approved by the City <br />Engineer. <br />3._ Ownership of Improvements. Puasuant to the Subdivision <br />Agreement between the City and Developers City shall own the <br />signal and related public improvements after said improvements <br />are accepted by the City Council. The Developer shall have the <br />- 2 - <br />