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5. <br />BOOK 1 02 PAGE -3-96 <br />Prior to site plan release and issuance of a building permit, the developer shall enter <br />into a developer's agreement with the county regarding improvements to the Oslo <br />Road/27th Avenue S.W. intersection, and shall post security with the county in <br />accordance with the approved developers agreement. After April 30, 1998,a C.O. <br />may be issued for the shopping center project upon satisfactory completion of the <br />project improvements depicted on the approved site plan, as may be amended. <br />Planning Director Stan Boling stated that timing is quite important in this project. The <br />center will not be opened until after April, 1998, when the improvements will be done. The <br />Planning & Zoning Commission had no objections. <br />Public Works Director Jim Davis noted several changes to be made in the <br />recommendation as a result of his conversations with the developers' attorney, Bruce Barkett. <br />Add (1) after "therefore", on Page 1: "the foregoing recitals are hereby incorporated"; and (2) <br />No. 1 would move to No. 2; (3) add a sentence: "in addition, the County agrees to construct <br />required turn lanes to serve major driveways in accordance with the approved site plan"; (4) <br />#2 becomes #3; (5) add "fund" in second sentence; (6) #4 instead of paying $150,000 when <br />the permit is issued, the developer wants to fund "$50,000 when the permit is issued, $50,000 <br />three months thereafter and the remaining $50,000 prior to the issuance of a CO"; (7) add a <br />new #5: "upon application after April 30, 1998, the developer shall be issued a CO for Phase I <br />of the shopping center provided there has been satisfactory completion of the Phase I project <br />improvements depicted on the approved site plan". With those changes, staff recommends <br />approval. <br />ON MOTION by Commissioner Adams, SECONDED by <br />Commissioner Tippin, the Board unanimously approved the <br />Developer's Agreement with Oslo Plaza Associates, Inc. and <br />modified the Oslo Plaza. Shopping Center site plan approval <br />conditions, as amended and as recommended in the <br />Memorandum. <br />1S <br />AGREEMENTS ON FILE IN THE OFFICE <br />OF THE CLERK TO THE BOARD <br />AUGUST 26, 1997 <br />