06-19-1989 Planning Packet - Laserfiche WebLink

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• •. ^■■■. ■• it-- •; ■tnts.B Improvements however, for failure to *he City shall :s for Ian B .on and control shall make permanent or of the Plan B by the City :tion easement iguested by the ./ '.Ui mmmm-li^i h;: ■-KiitliilWyM mmmmyrn M:r.--i^ '•• -^ -v- ■ ■ \i yrt.rxf\'Ayri.^^yy!iyW ■!:>'''■■ ■• • .:“■ V'.i- CkL ■v ,.:-. ..•,;o-\> ■: ;':City shall be in writing, in recordable form, and on the standard easement form of the City or on such other terms and conditions as the City shall determine, including dedication of permanent easements on the final plat drawings. (7) Inaurance^ The city will cause each person who constructs and installs any Plan B Improvements to furnish the City with evidence of complete insurance coverage (including Workmen’s Compensation, liability and property damage) as is required on all City contracted construction jobs as determined by the general specifications now in use. 5. Plan A Construction Security, A. Performance Bond or Lettnr of Concurrently with the execution of this agreement by the Subdivider, Subdivider will furnish to, and at all times thereafter shall maintain with, the City a satisfactory and sufficient performance and payment bond required by Minnesota Statutes, Section 574.26 (1967) for public developers in the amount of at least 150% (110%?) of the total estimated cost of Plan A Improvements as determined in paragraph 3 above, with a corporate surety satisfactory to the City, and naming the City as obligee thereunder. Included among the obligations of the surety under such bond shall be that the Subdivider shall fully and faithfully discharge Subdivi de! ’ r, obligations with respect to the Plan A Improvements during the installation and construction period and that all persons doing work or furnishing skills, tools, machinery -11- . - ■ ■