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t’ 1 <br />•11 Mc«a««ry parnits fron.th* City and/er govarwaaat <br />•ganclM having juciadietion, which pcriaita ahall not ho <br />unroaaonably withhold or dolayod oy tho City. <br />4.0 "Construction” - Tho construction* <br />Inatallation and laatoriaU ahall bo in accordanco with <br />tho plans and spoeifloations roasonably approvod by tho <br />City. <br />4.7 *Znsuranco* - Tho Dovolopor will cauoo oach <br />porson who conatrueta and inatalla any ImprovosMnt to <br />maintain cemploto inauranco covorago including itorlimon’a <br />Componsation* Liability and Property Damago. <br />5. Pnffnrmaiiew xf conatruction and <br />installation of any XavrovoBwata aro roguirod under thia <br />Agroomoiit* then for tho purposes of assuring to tho City that <br />tho Zmpiovomonta will bo completed according to tho terms of <br />this hgraomsnt* and that tho Dovolopor will pay all claims for <br />iiorh done and materials and aupplios furnished* tho Oavolopar <br />deposit with tho City prior to tho Cemmoncomont Oats as <br />irrevocable letter of credit in a form roasonably aatiafactory : <br />;, ..yi>*.bba^Clty.-.prov4dlnf that tho.'Cit/ will bo ablovtm-draw ufam'iw^ <br />^rii- 'V ••'letter of credit in its solo discretion to eoMtote the ’ <br />leprovomamta If tho Dovolopor fails to complete in a reasonahly <br />satisfactory manner tho work prior to tho Completion Data. The <br />amount of such do’*.oait shall not bo reduced before suhatantlal <br />Dago t of li