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20 <br /> BooK 1700 PaGE 104 <br /> to the conditions of approval. "The rezoning and effective date of the special use permit shall <br /> occur upon approval by the Water Resources Division of the N.C. Department of Natural <br /> Resources and Community Development of a water allocation plan developed by and for the <br /> Town of Hillsborough. Development of Scotswood shall occur pursuant to that plan." <br /> The Eno River Management'Plan Implementation Agreement was adopted on February 6, <br /> 1989 and on February 11, 1997, the Town of Hillsborough commenced its new reservoir <br /> project by the recording of plats of the reservoir project Condemnation of property for the <br /> new reservoir project commenced on or about April 25, 1997. Commencement by the Town <br /> of Hillsborough of its new reservoir project together with the adoption of the Eno River <br /> Management Plan Agreement satisfy condition number 38 and resolve the question of the <br /> availability of water. The change in the zoning of the property and the special use permit <br /> effective date are March 31, 1998, the date of recording of this special use permit <br /> The 410 single-family lots, the 216 multi-family units, and the 65,460 square foot commercial <br /> complex shall be constructed in accordance with the Site Plan dated October 1985 and revised <br /> January 2, 1986 and all commitments shall be as contained in the narrative statement of the <br /> project all of which are incorporated herein and made a pan of this Special Use Permit <br /> Copies of the final site plan and supporting documentation are on file in the Orange County <br /> Planning and Inspections Department This Planned Development project is subject to the <br /> following special conditions: <br /> 1. The grantee of this Special Use Permit shall post with Orange County, in a form <br /> acceptable to the County Attorney, a bond or letter of credit in an amount equal to the <br /> cost of all public improvements plus 10%. The amount shall be determined on the <br /> basis of fully executed construction contracts or certification by a registered engineer <br /> employed by the grantee of this Special Use Permit Security for construction of the <br /> improvements in this project may follow phasing in the project Specifically,'as <br /> improvements are completed in each phase a corresponding amount of money may be <br /> released from the security instruments or the security instruments may be re-negotiated <br /> based on the "yet to do" portion of the improvements. <br /> 2. Security shall be provided for the grading, paving and stabilization of all cleared areas, <br /> streets and other vehicular tmvelways; sidewalks and other pedestrian walkways; <br /> erection of street signs; utility installation and hookups; recreational facilities; and <br /> landscaping. <br /> 3. All necessary easements to permit utility (electricity, telephone and cable television by <br /> any cable television provider franchised by Orange County to serve this development) <br /> installation, servicing and hookups to the developmentand to each unit within the <br /> development shall be provided at no cost to the utility provider. <br /> 4. The grantee shall promulgate Articles of Incorporation governing tenancy in the <br /> development and shall record a copy of the Articles of Incorporation and regulations <br /> promulgated under this condition in the Orange County Registry of Deeds. <br /> 5. Roads, parking areas, walkways, street signs, utilities, recreation facilities and sites, <br /> landscaping and mulching around multi-family units and commercial areas shall be <br />