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(g) Construction - The construction, installation and materials shall be in accordance <br /> with the plans and specifications approved by the City. <br /> (g) Insurance - The Developer will cause each person who constructs and installs any <br /> Improvement to maintain complete insurance coverage including Workmen's <br /> Compensation, Liability and Property Damage. <br /> 12. Performance Deposit: For the purposes of assuring to the City that the Improvements will <br /> be completed according to the terms of this agreement, and that the Developer will pay or <br /> will cause to have paid all claims for work done and materials and supplies furnished, the <br /> Developer or his General Contractor will deposit with the City prior to issuance of site <br /> grading and building permits an irrevocable letter of credit in a form satisfactory to the City <br /> providing that the City is able to draw upon such letter of credit in its sole discretion to <br /> complete the Improvements if the Developer fails to satisfactorily complete the work prior <br /> to the completion date specified in Section 11 above. The amount of such deposit is <br /> $ per the schedule to be attached to this document as Exhibit H.The amount of such <br /> deposit shall not be reduced before substantial completion of the Improvements. The letter <br /> of credit shall expire no sooner than six months after the completion date specified in Section <br /> 11 above. <br /> 13. Fees and Expenses: The Developer agrees to pay all City fees required per the current City <br /> Fee Schedule and further agrees to completely reimburse the City for all the variable <br /> additional expenses it incurs in regard to the review and approval of the Improvements <br /> including, but not limited to, direct City payroll and overhead, costs, and fees paid to <br /> consultants and other professionals, which are not covered by City application fees. <br /> 14. Maintenance. The Developer shall be responsible for maintenance of all privately <br /> owned Improvements including roads, sidewalks, and storm sewers, regardless whether <br /> easements for such improvements have been granted to the City. Developer shall <br /> permanently maintain site lighting, signage and landscaping consistent with the approved <br /> Plans for said improvements. Upon satisfactory completion of construction of sewer and <br /> water mains on the site, developer shall transfer ownership of said main lines to the City, <br /> and the City shall henceforth maintain said sewer and water mains. Developer shall be <br /> responsible for maintenance of all sewer and water lines that are defined as "connections" <br /> as indicated on the approved Utility Plan. Developer shall be responsible for ensuring that <br /> the appearance and design of the building are maintained per the approved building and <br /> construction plan, and shall be responsible for ensuring that the site amenities and features <br /> as shown on the approved site plan are maintained per said plan. <br /> Page 7 of 14 <br />