Laserfiche WebLink
C. Contractors ~ The Developer shall select, retain and <br />supervise the Contractor (s) responsible for Improvement <br />construction. The City reserves the right to require <br />satisfactory proof of successful experience and adequate <br />financial status of any such contractor. Where required by City <br />ordinance, the contractor shall first obtain a license from the <br />City. <br />D. Preconstruction Conference — Prior to the start of any <br />construction, the Developer and the Developer's Contractor shall <br />meet with the responsible City official to review construction <br />plans and schedules. <br />E. Permits - Prior to the start of any construction, the <br />Developer's Contractor shall apply for and receive all necessary <br />permits from the City and/or government agencies having <br />jurisdiction. <br />F. Construction ~ The construction, installation and materials <br />shall be x l accordance with the plans and specifications approved <br />by the City. <br />G. Insurance — The Developer will cause each person who <br />constructs and installs any Improvement to maintain complete <br />insurance coverage including Workmen's Compensation, Liability <br />and Property Damage. <br />5, Performance Deposit; For the purposes of assuring to the City <br />that the Improvements will be completed according to the terms of this <br />agreement, and that the Developer will pay all claims for work done <br />and materials and supplies furnished, the Developer has deposited with <br /><^^0 City at the time of the execution of this agreement an irrevocable <br />letter of credit in a form satisfactory to the City providing that the <br />City is able to draw upon such letter of credit in its sole discretion <br />to complete the Improvements if the Developer fails to satisfactorily <br />complete the work prior to the completion date specified in Section 4 <br />above. The amount of such deposit shall not be reduced before <br />substantial completion of the Improvements. The letter of credit <br />shall expire no sooner than six months after the completion date <br />specified in Section 4 above, or no sooner than _____- - - --- - - - - <br />whichever is later. <br />Initials of Developer <br />Initials of City Clerk <br />Page 3 of 7 <br />I <br />5