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ME., <br />A. Declaration of Restrictions <br />1. The Orange County Planning Department shall author a Declaration of <br />Restrictions (hereafter `the document') establishing and describing the <br />various development restrictions, standards, conditions, and requirements <br />associated with development of, and within, the project. <br />The document shall be recorded concurrently with the Final Plat and <br />approved, as to form and content, by the applicant and the County <br />Attorney. <br />2. The document is not intended to serve, supplant, or take the place of any <br />document recorded by the applicant establishing local homeowner <br />covenants or deed restrictions enforced by either the applicant or an <br />established homeowner's association. <br />B. Sewage Disposal <br />1. The approval is contingent upon constructing and tapping to the <br />necessary Town of Hillsborough waste water systems. <br />C. Wells <br />1. The approval is contingent upon constructing and tapping to the <br />necessary Town of Hillsborough water systems. <br />D. Roads and Access <br />1. The proposed road shall be constructed to standards of the North <br />Carolina Department of Transportation in accordance with the approved <br />Preliminary Plat. <br />Each roadway shall be located within a minimum 40 -foot right -of -way, with <br />5 -foot utility easements on each side. Construction shall be inspected <br />and approved by NCDOT. <br />OR <br />A letter of credit or escrow agreement shall be submitted to secure <br />construction of the aforementioned roadways to the standards of the <br />North Carolina Department of Transportation in accordance with the <br />provisions of the UDO. <br />An estimate of the construction cost must be prepared by a <br />certified /licensed engineer or grading contractor and submitted to the <br />Planning and Inspections Department. The financial guarantee must <br />reflect 110% of that estimate and be issued by an accredited financial <br />institution licensed to do business in North Carolina. <br />In this instance, the document shall state posted financial guarantee(s) <br />will not be released until the road construction has been inspected and <br />approved by NCDOT. <br />2. With the exception of Lot #14, all lots shall receive access from the <br />internal subdivision road as depicted on the approved Preliminary Plat. <br />