2012 - Development Agreement - Laserfiche WebLink

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• resulting from Plat approval and development of the Land. The Developer shall indemnify the City and its officers,employees,and agents for all costs,damages,or expenses which the City may pay or incur in consequence of such claims,including attorneys' fees. C. The Developer shall reimburse the City for reasonable costs incurred in the • enforcement of this Contract,including engineering and attorneys'fees. D. The Developer shall pay, or cause to be paid when due, and in any event before any penalty is attached, all special assessments referred to in this Contract. This is an obligation of the Developer and shall continue in full force and effect even if the Developer sells one or more lots,the Land,or any part of it. E. The Developer shall pay in full all bills submitted to it by the City for obligations incurred under this Contract within thirty(30)days after receipt. If the bills are not paid on time,the City may halt development and construction of the Land until the bills are paid in full. Bills not paid within thirty(30)days shall accrue interest at the rate of eighteen percent(18%)per year. F. In addition to the charges and special assessments referred to herein, other charges as required by City ordinance or via other agencies for which City acts as agent may be imposed such as,but not limited to,building permit fees. 28. DEVELOPER'S DEFAULT. In the event of default by the Developer as to any of the work to be performed by it hereunder,the City may,at its option,perform the work and the Developer shall promptly reimburse the City for any expense incurred by the City, provided the Developer, except in an emergency as determined by the City, is first given notice of the work in default, not less than forty-eight (48) hours in advance. This Contract is a license for the City to act,and it shall not be necessary for the City to seek a Court order for permission to enter the Land. Page 14 of 22 165101v2