PUD #3 agreement-2005 - Laserfiche WebLink

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(g) Construction - The constructian, installation and materials shall be in accordance with the plans and specifications approved by the City. (h) Insurance - The Developer will cause each person who constructs 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 he completed according to the terms of this agreement, and that the Developer will pay or will cause to have pa.id 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 satisfactory to the City providi�ng 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 da,te specified in Section 11 above. The amount of such deposit shall be 150%of the estimated itx�provement costs per the schedule to be attached to this document as Exhibit H.The amount of such deposit sha11 not be reduced before substan�ial completion of the Improvements. The letter of credit shall expire no sooner than six months after the completion date specified in Section 11 above, 13. Fees an.d Bxpenses: The Developer agrees to pay all City fees required per the current City Fee Schedule and fiirther 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 Ciry payroll and overhead, costs, and fees paid to consultants and other professionals,which are not covered by City application fees. 14. Maintenance. The Developer shall be responsible for maintenance of all privately owned Improveinents including roads, sidewalks, and storm sewers, regaxdless whether easements for such improvements have been granted to the City. Developer shall permanently maintain site lighting, signage and landscaping consistent with the appmved Plans for said improvements. 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 tha.t Y,he appearance and design of the building are maintained per the approved building and construction plan,and shall be responsible for ensuriing that the site amenities and features as shown on the approved site plan are maintained per said plan.