The owner, on behalf of itself, its successors and assigns, commits to one-half (1/2) of the cost of signalization of the intersection of University Avenue and 59th Place, or one- fourth (1/4) of the cost in the event that the City of Clive or the developer to the north of the intersection contributes one-half (1/2) of the cost of signalization. The developer of Parcels A, D and E shall also be responsible for one-fourth (1/4) of the cost of a signal at the intersection of 60th Street and 59th Place and one-half (1/2) of the cost of a signal at the intersection of 60th Street and the applicant's southern access drive.
All traffic signals shall be installed at such time that warrants are met, as determined by the City. (Ord. 1746, 4-23-2007)