10-22-2001 Council Packet - Laserfiche WebLink

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(g) Construction • 1110 construction, installation and materials shall be in accordance with the plans and specifications approved by the City. (g) Insurance - The Developer will cause each person who constrtKts and installs any Improvement to maintain complete insurance coverage including Workmen's Compensation. Liability and Property Damage. 12. Performance Deposit : For the purposes of assuring to the City that the Improvements will be completed according to the terms of this agreement, and that the Developer w ill pay or will cause to have paid all claims for work done and materials and supplies furnished, the Developer or his General Contractor will deposit with the City prior to issuance of site grading and building permits an irrevocable letter of credit in a form sutisfuctoiy to the City providing that the City is able to draw upon such letter of credit in its sole discretion to complete the Improvements if the Developer fails to satisfactorily complete the work prior to the completion date specifit*d in Section 11 above. The amount of such deposit is $_____per the schedule to be attached to this document as Exhibit H. The amount of such deposit shall not be reduced before substantial completion of the Improvements. The letter oferedit shall expire no sooner than six months aficr the completion date specified in Section 11 above. 13. Fees and tlxpcnses: The Developer agrees to pay all City fees 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 pa>ToII and overhead, costs, and fees paid to consultants and other profe.ssionals, which are not covered by City application fees. 14. Maintenance. The Developer shall be resrK>nsible for maintenarK'e of all privately owned Improvements including roads, sidewalks, and storm sewers, regardless whether easements for such improvements have been granted to the City. Developer shall permanently maintain site lighting, signage and landscaping consistent with the appnned Plans for said improvements. Upon satisfactory completion of construction of sew er and w ater mains on the site, developer shall transfer ownership of said main lines to the City, and the City shall henceforth maintain said sewer and water mains. Developer shall be responsible for maintenance of all sewer and 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 are maintained per the approved building and construction plan, and shall be responsible for ensuring that the site amenities and features as shown on the approved site plan ore maintained per said plan. Page 7 of 14