(A) The petitioners shall 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 for transportation.
(B) (1) The petitioners shall dedicate or agree to dedicate sufficient and unobstructed rights-of-way for utility easements and storm drainage to serve the proposed development.
(2) Petitioners also agree to pay utility development fee and tap fees as determined by the town.
(C) The petitioners shall 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 6% of all residential and 2% of all nonresidential property proposed for annexation.
(D) The petitioners shall 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.
(E) (1) The petitioners shall be required to construct all roads, utilities and other improvements at his, her or their sole expense and according to the requirements, standards and specifications of the town.
(2) Connection of such improvements to existing town systems and/or the dedication of such improvements to the town shall be at the town’s convenience.
(Ord. 2-98, passed 4-22-1998)