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10. <br /> <br />tl. <br /> <br />dedication due for the remainder of the Plat shall be satisfied by a cash payment in the <br />amount of $3,705.(.v,) (2.4'7 acres x $1500.00/acre). <br /> <br />Land Use: That by granting this final plat approval, the City is not granting any <br />additional legal status to any of the existing structures on the subject property. <br /> <br />Requirements for Building Permits. No building permit for an), lot in the Plat shall <br />be issued until: b) Site Plan approval is tn'anted by the CITY and any additional expenses <br />incurred in giving Site Plan approval has been reimbursed to the CITY; and b) a certificate <br />of Survey for the lot on which the building permit is requested, including that information <br />required ~by the CITY, has been supplied to the Building Official. <br /> <br />Reimbursement to City. The DEVELOPER agrees to reimburse the CITY for all <br />costs incurred by the CITY in defense or enforcement of this Agreement, or any portion <br />thereof, including court costs and reasonable engineering and attorney's fees. Said <br />expenses shall be paid within fifteen (15) days of billing by the CITY and failure to pay <br />the CITY'S expenses within the fifteen (15) day billing period will permit the CITY to <br />draw upon any of the escrows required by this Agreement for payment. <br /> <br />Plat Expense Reimbursement. The DEVELOPER agrees that they will pay to the <br />CITY out of any of the escrows required herein, all CITY expenses incurred in approval <br />of the Plat, including, but not limited to administration expenses, engineering and legal <br />fees. Said expenses shall be paid within fifteen (15) days of billing by the CITY and <br />outstanding billings shall be paid prior to recording of the Final Plat. Any expenses <br />incurred after recording of the Final Plat shall also be paid within said fifteen (15) day <br />billing period. Failure to pay the CITY'S expenses within the fifteen (15) day billing <br />period will permit the CITY to draw upon any of the escrows required by this Agreement <br />for payment. <br /> <br />Marketable Title. Prior to recording of the fina) Plat, the DEVELOPER shall provide <br />to the CITY, proof of marketable title to the Plat either through a currently certified <br />abstract, re~stered property abstract or title insurance. <br /> <br />Invalidity of Any One Section. If any portion, section, subsection, sentence, <br />clause,paragraph or phase of this Agreement is for any reason held to be invalid by a court <br />of competent jurisdiction, such decision shall not effect or void any of the other provisions <br />of this A~eement. <br /> <br />Agreement Binding On Heirs, etc. The DEVELOPER agrees that this <br />Development Ageement shall be binding upon their successors and assigns. Breach of <br />an)' of the terms of this Development Agreement by the DEVELOPER shall be grounds <br />for denial of Building Permits for buildings in the Plat. <br /> <br />Recording of Contract. The DEVELOPER agrees that this development agreement <br />shall be recorded in the office of the Anoka Count3, Recorder and agree that the terms and <br />provisions of this agreement shall be a covenant on the fide to the subject property. <br /> <br /> IN WITNESS THEREOF, the part/es have hereunto set their hands and seals, this <br />I day of . ,1994. ' <br /> <br /> <br />