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[DRAFT] <br /> <br />h~d~~park land improvements and the trails described in the Park and Trail <br />._Phasing Plan referenced in Section 4.2(. ) above on or before the dates referenced in such <br />Plan. On or before the commencement date for each phase of the Park and Trail <br /> <br />Improvements, the Developer must provide the City with a letter of credit in an amount <br />_e_~u_aI to 125% of the CiW Engineer's estimate of the cost of the parks and trails to be' <br />constructed as a part of that phase. <br /> <br /> ARTICLE 12 <br />RESPONSIBILITY FOR COSTS: SECURITY <br /> <br /> 12.1 DEVELOPER PUBLIC IMPROVEMENT COSTS. The Developer shall pay for <br />the Developer Public Improvements; that is, all costs of persons doing work or furnishing skills, <br />tools, machineD, or materials, or insurance premiums or equipment or supplies and all just claims <br />for the same; and the City shall be under no obligation to pay the contractor or an5, subcontractor <br />any sum whatsoever on account thereof, whether or not the City shall have approved the contract <br />or subcontract. <br /> <br /> 12.2 PHASE IMPROVEMENT COSTS. The Secondary Development A~eement for <br />each Phase will require each Secondary Developer to pay for the Phase Public Improvements <br />with respect to its Phase; that is, all costs of persons doing work or furnishing skills~ tools, <br />machinery or materials, or insurance premiums or equipment or supplies and all just claims for <br />the same; and the City shall be under no obligation to pa5' the contractor or any subcontractor <br />any sum whatsoever on account thereof, whether or not the City shall have approved the contract <br />or subcontract. <br /> <br /> 12.3 CITY ^ r~x~nx~omr~ ^m~m r,r',eme . ~ ~ .... ~ ..... Cit5 <br />~-~;-4"' .... ;-'~ = .... ~ For pu~oscs of COSTS. Except to the extent a Secondary <br />Development Agreement the Cih, approves expressly allocates such costs to ~ Secondary <br />Developer, the Devel~er must reimburse the GiB' for all fees and charges the CiB~ incurs <br />~nd pays to third parties in connection with the Development of the Subject ProperB~, <br />including, bnt~t limited to, legal plannhg, engineering and ~spection fees and expenses <br />incurred in connection with the preparation of ~s Master A~eement.. the +~. .... '~' <br /> <br />S ......... 2~ ~ ,' ~, ~ ~, oh,,, be~ ~o~,,o, ~, ~ for thc ~,., ,,~,~' of any ~ ..... City expanses <br /> <br /> .... ; ..... '~ ~'*~ .... r ..... ~ .... ;+' foes review and approval ofplans and specifications <br />for improvements contemplated in this Master Agreement or the Master Development <br /> <br />1555730.red <br />V8 tp <br />8/29/03 <br /> <br />33 <br /> <br /> <br />