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8 <br /> OR <br /> A letter of credit or escrow agreement or other security shall be submitted to <br /> secure construction of Nine Gates Road, Woodgate Drive, Stonegate Drive, <br /> Summergate Circle, and a left turn lane on Jones Ferry 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 Nine Gates Road, Woodgate Drive, <br /> Stonegate Drive, and Summergate Circle shall be submitted by the applicant to <br /> the Orange County Erosion Control Division for review and approval. <br /> 3. Prior to any construction or any alteration of any existing access within the ri ght- <br /> of-way Jones Ferry Road, the developer/owner shall secure a driveway permit <br /> from the NCDOT District Office. A copy of the NCDOT-approved permit and <br /> letter to the Planning Department shall be submitted at the same time as the <br /> request for Planning Department signatures on the Final Plat. Sight distance <br /> triangles shall be shown at all intersections within the subdivision, or included <br /> within the right-of-way of the proposed street. <br /> 4. Access to all lots shall be from internal subdivision roads, Woodgate Drive, <br /> Stonegate Drive, and Summergate Circle, exclusively. Driveway cuts must be a <br /> minimum of 50 feet from street intersections. <br /> 5. An approved street name sign shall be erected at the intersections of. Jones <br /> Ferry Road (SR 1942) and Nine Gates Road, Woodgate Drive and Nine Gates <br /> Road, Stonegate Drive and Woodgate Drive (in two locations), and Summergate <br /> Circle and Woodgate Drive, as required in Section IV-13-3-c-12 Street Name <br /> Signs 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 prior <br /> to Planning Department signatures on the Final Plat. <br /> 6. The applicant shall construct a left turn lane on Jones Ferry Road (SR 1942) to <br /> NCDOT standards prior to recordation of Final Plat. This may be accomplished <br /> by enlarging the travel way an equal amount on either side of the existing <br /> pavement for the distance necessary for the turn lane. <br /> 7. The proposed 50-foot right-of-way between lots 32 and 33 and noted as <br /> "reserved for possible future dedication" shall be formally dedicated to the <br /> Homeowners Association as a condition of Final Plat approval for the <br /> construction of a future road. The proposal shall include 10-foot construction <br /> easements on each side of the dedicated right-of-way. <br /> If the large tract of property currently owned by Elinor Irvin (TM 7.118..25), and <br /> located east of The Woodlands subdivision, is conveyed (donated or sold) to the <br /> Triangle Land Conservancy or a similar land conservancy organization the <br />