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-1 <br />ruction Contrarts anH <br />il fully and faithfully comply <br />tracts entered into by the <br />Id construction of all Plan A <br />5 the workmanship and materials <br />j the City's final acceptance <br />: or private* and agrees .to <br />the City, and at Subdivider's <br />ship or materials that become <br />the City, within said one-year <br />be given by the City after said <br />th the execution of this agree- <br />ider has furnished to, and <br />tain with the City a satisfactory <br />least 150 percent of the total <br />Its as determined in Paragraph 4, <br />;o the City. Included among <br />* such bond shall be that <br />hfully discharge Subdivider's <br />n A Improvements during the <br />d and that may arise as a <br />ranty. <br />d Payment Therefor. <br />Bnts, the City (a) will review <br />ig of all necessary permits; <br />f construction methods and <br />ispections; and (d) may <br />> and service ties. <br />11 escrow with the City <br />il estimated construction <br />he time of the execution of <br />provide the City Engineer <br />> r <br />i r <br />with true, accurate and complete information as to bids <br />and all construction costs. Upon completion and the City's <br />final acceptance of the as-built drawings and service ties, <br />the City will remit to Subdivider any amounts remaining after <br />the City has charged against the escrow account all expenses <br />incurred by the City for the above services and for any other <br />reasonable expenses incurred by the City relating to the con­ <br />struction of Plan A Improvements. In the event that the charges <br />incurred by the City exceeds the escrow amount, the Subdivider <br />shall pay to the City the excess within 30 days after receipt <br />of a statement therefor. The City Engineer will execute the <br />certificate of completion after the City receives all amounts <br />due. <br />7) Fees and Expenses. The Subdivider agrees to pay all City fees <br />required per the current City Fee Schedule, and further agrees to completely <br />reimburse the City for all the reasonable expenses it incurs in regard to the <br />review and approval of the In^irovements and this Subdivision including, but not <br />limited to, direct City payroll and overhead, costs, fees paid to consultants <br />and other professionals, arid the costs of printing, mailing and supplies. The <br />Zoning Administrator has determined the estimated escrow amounts to cover these <br />estimated expenses. Escrow deposits have been made at the time of application for <br />final subdivision approval and are shown on Exhibit D. Within 60 days after the <br />City's Engineer executes the certificate of substantial completion, the City will <br />remit to Subdivider any amounts remaining after the City has charged against the <br />escrow account all expenses incurred by the City for the above services. In the <br />event that the charges incurred by theCity exceeds the escrow amount, the Subdivider <br />shall pay to the City the excess within 30 days after receipt of a statement therefor. <br />8) Transfer of Title. The Subdivider may not sell, transfer or <br />lease any of the property within the Subdivision until the final plat of Stielow's <br />Addition has been filed of record with Hennepin County, without the City's written <br />consent. <br />Lynn L. Charlson, Subdivider <br />Signature of City Clerk <br />fe of City Clerk