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O C"> 4� 3. Sth Street S.W. Reimbursement By County. A. The Developer and the County shall each be responsible for and shall pay My percent (5011/o) ofthe cost of surveying, engineering, designing, permitting, constructing, inspecting, and related costs ("Construction Costs") for 5th Street S.W. from 58th Avenue east to the point where the Developer has frontage on both sides of the road, or approximately 2,550 feet. The Developer shall pay and be responsible for twenty -Five percent (25%) of Construction Costs from that point to the eastern boundary of the Developer's project on the north side of 5th Street S.W. or approximately 400 additional feet and the County shall be responsible for seventy-five percent(75%) of such Costs. B. The County shall reimburse the Developer for Construction Costs for construction of 5th Street S.W. to 43rd Avenue, as follows: i. For that portion of 5th Street S.W. where the Developer has frontage, reimbursement by the County shall be made within thirty (30) days of the County's inspection and approval of the work. ii. The County has entered into a Developer's Agreement with the Arbor Trace Development, Inc. ("Arbor Trace'), to receive payment from Arbor Trace for the cost of construction of 5th Street S.W. between 43rd Avenue and the western limits of the Arbor Trace Development; therefore, the County will reimburse the Developer immediately upon payment by Arbor Trace to the County pursuant to that Agreement, or within two years of completion of the road, whichever comes first. iii. The County may reimburse the Developer for all of the remainder of the Construction Costs by levying a special assessment against the benefitting properties, which properties may include Arbor Trace. In any event, the Developer shall be fully reimbursed by the County, except for Developer's share described in Paragraph 3.A.. above, within two years of the completion of construction of the road by the Developer. 4. Kings Highway Improvements. County will complete its improvements to 58th Avenue (Kings Highway) between 16th Street and Oslo Road. In conjunction with said improvements, County will construct a left turn lane at 5th Street S.W. 5. 5th Street S.W. Bridge. Developer shall design and construct a three lane bridge similar to the bridge at 16th Street and Lateral B Canal for vehicular and pedestrian traffic on 5th Street S.W. across the Lateral B Canal to 58th Avenue in accordance with design drawings and specifications approved by the County, which approval shall not be unreasonably withheld. The County must approve all engineering and related costs prior to any work being authorized. 6. Bridge Reimbursement by County. The Developer shall contribute $200,000.00 toward the engineering, design, permitting, utility relocation, and construction costs of the bridge, in exchange for traffic impact fee credits for the same amount. The County shall approve :411 engineering contracts, design, pennit applications, and construction documents priorto construction or initiation of any work to be performed. The County shall reimburse the Developer for all -2-