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BACKGROUND Tract 7381, Ironwood Development (Busch Property), developed by Ponderosa Homes, consists of 193 single family residential lots, a 23 acre future school site, a 5.7 acre Presbyterian Church Site, a 172 unit senior apartment site, a 2.5 acre private park, a portion of the Iron Horse Trail, associated streets, and other infrastructure improvements which support all the approved uses on approximately 92.51 acres. Tract 7381 is located on Busch Road, east of Kamp Drive and south of Mohr Avenue. Tract 7381 is the first of five subdivisions that make up the Ironwood Development (Busch Property). Tract 7381, being the first tract to receive approval, also contains all the off-site public improvements required of the development. Off-Site Improvements (to be accepted) The following off-site improvements have been completed and are ready for acceptance: • Valley Avenue was widened at Busch Road to accommodate two left-turn lanes onto Busch Road. The traffic signal at this intersection was modified, a bus turnout was installed on Valley Avenue west of the intersection, and the street was re-landscaped. • An 8-foot wide sidewalk was installed on the north and east side of Valley Avenue between Quarry Lane and Boulder Street. In addition, a sidewalk was installed connecting the bus stop on Valley Avenue with the development. • A traffic signal was installed on Valley Avenue at Boulder Street. • Busch Road was widened along the project frontage, a traffic signal was installed on Busch Road at the entrance to the development (Ironwood Drive), and a masonry wall screen was installed on the south side of Busch Road across the project frontage. • The north and eastbound approaches to the intersection of Hopyard Road and Stoneridge Drive were re-striped. • The north and eastbound approaches to the intersection of Hacienda Drive and Stoneridge Drive were re-striped. • A storm drain line along Martin Avenue was installed, which also included the installation of a water main within the roadway, reconstructing the trail along the east side of Martin Avenue, and widening of Martin Avenue northerly of Trenery Drive. • Traffic calming measures were installed along Mohr Avenue and Kamp Drive. The developer also paid its pro-rata share for up-sizing the sanitary sewer main on Kamp Drive to satisfy a condition of approval for the development. In addition, while Ray Street, approaching First Street, was required to be re-striped, this work was not required because of changing traffic patterns since that condition was originally approved. Page 2 of 3