06-14-2004 Council Packet - Laserfiche WebLink

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The amount of such deposit shall be 150% of the estimated improvement costs per the schedule to be attached to this document as Exhibit __. The amount of such deposit shall not be reduced before substantial completion of the Improvements. The letter of credit shall expire no sooner than six months after the completion date specified in Section 11 above. 14.Fees and Expenses: The Developer agrees to pay all City lees required per the current City Fee Schedule and further agrees to completely reimburse the City for all the variable additional expenses it incurs in regard to the review and approval of the Improvements including, but not limited to, direct City payroll and overhead, costs, and fees paid to consultants and other professionals, which arc not covered by City application fees. 15.Maintenance. The Developer shall be responsible for maintenance of all privately owned Improvements including roads, parking areas, sidewalks, and storm sewers, regardless whether easements for such improvements have been granted to the City. Developer shall permanently maintain site lighting, signage and land.scaping consistent with the approved Plans for said improvements. Developer shall be responsible for maintenance of all sewer imd water lines that are defined as “connections ” as indicated on the approved Utility Plan Developer shall be responsible for ensuring that the appearance and design of the building arc maintained per the approved building and consUuction plan, and shall be responsible for ensuring tliat the site amenities and features as shown on the approved site plan arc maintained per said plan. C. Ropresentations 16. Developer Representations and Covenants. The Developer hereby makes the following rcprcscnt.itions and covenants: (a) Tlic Developer has the legal authority and power to enter into tliis Agreement. Tlic Developer reasonably expects to obtain financial resources sufficient to enable the completion of the Improvements. riic Developer will, subject to the requirements of Sectio n D - Instalhati on and Maintenance of Improvements hereof, construct, operate and maintain the Improvements in accordance with the tenns of this Agreement and all local, state and federal laws ;uid regulations, and will construct or pay the costs of construction of any site improvements, utilities, landscaputg, stonnwater management facilities, roads, parking facilities which are necessary in connection with the construction and such improvements. Developer Initial City Clerk Initial' Page 7 of 12 1^