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B. <br />Roads and Access <br />1. Pine -Ridge Road and <br />standards within a 50 <br />approved by NCDOT. <br />E <br />Cedar Ridge Road shall be constructed to NCDOT <br />foot right -of -way. Construction shall be inspected and <br />OR <br />A letter of credit or escrow agreement or other security shall be submitted to <br />secure construction of Pine Ridge Road and Cedar Ridge Road to NCDOT <br />standards. An estimate of the construction cost must be prepared by a <br />certified/licensed engineer or grading contractor and submitted to the Orange <br />County Planning Department. The financial guarantee must reflect 110 percent <br />of that estimate and be issued by an accredited financial institution licensed to do <br />business in North Carolina. <br />The document describing development restrictions to be recorded with the Final <br />Plat shall state that the financial guarantee will not be released until the road <br />construction has been inspected and approved by NCDOT. <br />2. An erosion control plan for construction of Pine Ridge Road and Cedar Ridge <br />Road shall be submitted by the applicant to the Orange County Erosion Control <br />Division for review and approval. <br />3. Sight triangles shall be shown at each intersection as required by NCDOT. <br />4. Access to all lots shall be from the internal subdivision roads, Pine Ridge Road <br />and Cedar Ridge Road, exclusively. No lots shall have direct driveway access <br />onto Moorefields Road (SR 1135) or Dimmocks Mill Road (SR 1134). <br />5. An approved street name sign shall be erected at the intersection of Pine Ridge <br />Road and Moorefields Road (SR 1135) and at the intersection of Cedar Ridge <br />Road and Moorefields Road, as required in Section IV- B- 3-c -12 Street Name <br />Si ns of the Orange County Subdivision Regulations. The applicant shall submit <br />either evidence that the sign is in place or a receipt for purchase of the sign. <br />C. Land Use Buffers and Landscaping <br />1. Landscaping shall be installed or preserved as indicated on the approved <br />landscape plan and must be inspected and approved by the Planning <br />Department prior to final plat approval and again prior to the transfer of control of <br />the Home Owners Association from the developer to the home owners as <br />provided by the recorded Declaration of Covenants, Conditions and Restrictions <br />for Woodgreen Subdivision. A letter of credit or escrow agreement or other <br />security shall be submitted to secure landscaping which lertter of credit shall <br />remain in place until the earlier of the following two events: 1) seventy -five <br />percent (75°x6) of the lots in Woodgreen Subdivision have been sold to other than <br />another developer, or, 2) provided fifty percent (50 %) of the lots have been sold <br />to other than another developer, December 31, 2004. The financial guarantee <br />shall be accompanied by an estimate of the cost to purchase and install the <br />required landscaping prepared by a nursery operator, landscape contractor, <br />landscape architect, or other individual qualified to calculate the cost to complete <br />the required improvements based on the approved landscape plan and who has <br />