A. The petitioners must dedicate or agree to dedicate sufficient land and rights of way to the town for public streets and alleys as set forth in the standards and specifications of the town, and the town's master plan.
B. The petitioners must dedicate or agree to dedicate sufficient and unobstructed rights of way for utility easements and storm drainage to serve the proposed development. Petitioners also agree to pay utility development fees and tap fees as developed by the town.
C. The petitioners must dedicate or agree to dedicate to the town, or pay cash in lieu of at the time of platting, land to be used for public purposes of at least six percent (6%) of all residential and two percent (2%) of all nonresidential property proposed for annexation.
D. The petitioners must assign to the town all rights, title and interest in any water rights associated with the property or in any and all water located beneath the property to be annexed. The petitioners will expressly consent to the conveyance of water rights and execute any deeds, statements, or other documentation as required by the town to accomplish the transfer of water rights to the town.
E. The petitioners will be required to construct all roads, utilities, and other improvements at their sole expense and according to the requirements, standards and specifications of the town. Connection of such improvements to existing town systems and/or the dedication of such improvements to the town shall be at the town's discretion and convenience. (Ord. 214, 11-2-1999)