The developers, their successors and assigns, if any, shall pay for their pro rata share of the cost associated with the installation of traffic signals necessitated from the development of the Glen Oaks PUD including South 60th and Mills Civic Parkway, South 60th and Grand and at any major intersections impacted by this development. A bond in the amount to cover said cost shall be posted, or an acceptable alternative approved by the city, prior to the recording of a final plat for the subject site. The city shall encourage the use of alternate funding sources for the installation of said traffic signals. (Ord. 1007, 5-26-1992; Ord. 2453, 11- 16-2020)