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• <br /> 016 <br /> McLennan's Farm <br /> Subdivision <br /> Page 3 <br /> be provided thru its course. The lawn will be mowed and <br /> maintained by the Homeowner's Association for use as an open play <br /> area. This tract will be provided for the private use of the <br /> community, and the developer will <br /> pe pay a fee in lieu of dedicating <br /> public recreation space. <br /> Financing and <br /> Operation <br /> The developer will secure a loan for financing of the horizontal <br /> improvements. This loan will be paid off through sale of lots to <br /> builders and individuals. A Homeowners Association will be set up <br /> with a monthly fee. This fee will go to a general fund which will <br /> pay for maintenance of common areas and facilities such as <br /> entrance features, picnic tables, plantings, etc. Membership <br /> shall be required by all buyers. <br /> Schedule . <br /> It is anticipate that a <br /> permit will be obtained in early April and <br /> construction will commence soon after. All roads, fences, <br /> plantings, signs, utilities and recreational improvements will be <br /> installed at this time and should take two to three months to <br /> complete. The State Department of Transportation will be <br /> petitioned to take over road maintenance as soon as a sufficient <br /> number of homes are built. <br /> r <br />