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�0120�55� as STERLING ESTATES SECOND SUBDIVISION, designating explicitly the land to be laid out and particularly describing the lots, easements, and streets belonging to such subdivision, with the lots designated by number, easements by dimensions, and streets by name, and proposes to cause the plat of such subdivision when finally approved by the Regional Planning Commission and the City Council to be acknowledged by such owner, certified as to accuracy of survey by a registered land surveyor, and to contain a dedication of the easements to the use and benefit of public utilities, and of the street to the use of the public forever. In consideration of the acceptance of the plat of said STERLING ESTATES SECOND SUBDIVISION, the Subdivider hereby consents and agrees with the City of Grand Island, Nebraska, as follows: Residential Development Zone. This subdivision is within a designated Residential Development Zone and shall be regulated in accordance with Chapter 36 of the Grand Island City Code. A Development Plan as shown on Exhibit A, attached hereto and incorporated herein by reference is hereby approved for such Subdivision. Any amendments to such Development Plan shall be approved by the City of Grand Island in accordance with the Grand Island City Code. The official Development Plan shall be on file with the City's Building Department. Paving. The Subdivider agrees to maintain and repair at its expense pavement and parking lots within the subdivision. The Subdivider agrees that as constructed in accordance with the Development Plan, the internal paving and parking lots do not meet City of Grand Island street standards, and as such, will not become dedicated public streets. The Subdivider agrees to waive the right to object to the creation of any repaving district for Capital Avenue where it abuts the subdivision. -2-