1. Street name signs shall be placed at all intersections, within or abutting the subdivision, by the developer. All such signs shall be approved as to type and location by the Planning Commission and the City Council.
2. The developer shall deposit with the City Clerk, at the time of approval of the final plat for the subdivision, a sum to be based on a current estimate by the Mayor, for each traffic-related regulatory sign required by the City Council at road intersections. The city shall then install all such regulatory signs within the subdivision, unless otherwise agreed to by the City Council.