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W, <br />A letter of credit, escrow agreement, or bond shall be 19 <br />submitted to secure construction of Crescent Drive to the <br />standards of the North Carolina Department of Transportation. <br />An estimate of the construction cost must be prepared by a <br />certified /licensed engineer or grading contractor and <br />submitted to the Planning and Inspections Department. The <br />financial guarantee must reflect 110% of that estimate and be <br />issued by an accredited financial institution licensed to do <br />business in North Carolina. <br />The document describing development restrictions to be <br />recorded with the Final Plat shall state that the financial <br />guarantee will not be released until the road construction <br />has been inspected and approved by NCDOT. <br />2. submit an erosion control plan for construction of the roads. <br />A grading permit must be obtained prior to any land <br />disturbance. <br />3. All lots shall access onto the new subdivision road. This <br />restriction shall be stated in a document describing <br />development restrictions and requirements to.be prepared by <br />Planning Staff and recorded concurrently with the Final Plat. <br />4. Approved street name signs shall be erected at the <br />intersection of streets as required in Section IV- B- 3 -c -12 of <br />the Orange County subdivision Regulations. Evidence shall be <br />submitted by the applicant that the sign is in place or a <br />copy of the receipt for purchase of the sign shall be <br />submitted to the Planning Department. <br />5. Access to lots 17 and IS from Crescent Drive is restricted to <br />a joint driveway contained within a 60 -foot strip shown on. <br />the Preliminary Plat. <br />C. Land Use Suffers and Landscaping <br />1. Landscaping shall be installed or preserved as indicated on <br />the approved landscape plan, and must be inspected and <br />approved by the Planning and Inspections Department. <br />[00 <br />The applicant shall secure landscape requirement installation <br />and preservation through a letter of credit, escrow <br />agreement, or bond. An estimate of the cost for required <br />preservation, plantings and their installation must be <br />provided. The financial guarantee shall reflect 110% of the <br />estimate and'be issued by an accredited financial institution <br />licensed to do business in North Carolina. <br />2. A Type A Land Use Buffer shall be provided along the new <br />right -of -way for Dairyland Road (SR 1113). The buffer shall <br />be 30 feet in width and contain vegetation together with a <br />fence as required by the approved waiver from planting <br />