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16. Estimated Cost. It is understood and agreed that cost amounts set forth in this Agreement as Required <br />Improvements, unless specified as fixed amounts, are estimated. The PERMITTEE agrees to pay the <br />entire cost of said improvements including interest, engineering and legal charges. <br />17. Site Plan Approval Expenses. The PERMITTEE agrees that it will pay to the CITY all CITY <br />expenses incurred in the approval of the Site Plan, including, but not limited to administration <br />expenses, engineering and legal fees. Said expenses shall be paid within fifteen (15) days of billing by <br />the CITY and outstanding billings shall be paid prior to issuance of the building permit. Any expenses <br />incurred after the release of the building permit shall also be paid within said fifteen (15) day billing <br />period. Failure to pay the CITY's expenses within the fifteen (15) day billing period will permit the <br />CITY to draw upon any of the escrows required by this contract for payment. <br />18. Reimbursement to the City. The PERMITTEE agrees to reimburse the CITY for all costs incurred <br />by the CITY in defense or enforcement of this Agreement, or any portion thereof, including court costs <br />and reasonable engineering and attorney's fees. <br />19. Invalidity of Any Section. If any portion, section, subsection, sentence, clause, paragraph or phrase <br />of this Agreement is for any reason held to be invalid by a court of competent jurisdiction, such decision <br />shall not effect or void any of the other provisions of this Agreement. <br />20. Proof of Authority. When the PERMITTEE is a corporation, the CITY requires proof of authority <br />by the corporation to execute this Agreement. This proof of authority may be satisfied by providing <br />the CITY with a certified copy of minutes of the corporate Board of Directors granting such authority. <br />21. Violation of This Permit. If the PERMITTEE fails to perform any of the terms of this Development <br />Permit in the manner required by the CITY, the CITY shall be entitled to recover, from the <br />PERMITTEE or the issuer of PERMITTEE financial guarantee, the full amount of any and all <br />financial guarantees. Breach of any of the terms of this Development Permit by the PERMITTEE <br />shall also be grounds for denial of Building Permit or issuance of Certificate of Occupancy. <br />22. Agreement Binding On Successors and Assigns. The PERMITTEE agrees that this Development <br />Permit shall be binding upon its successors and assigns. <br />IN WITNESS THEREOF, the parties have hereunto set their hands and seals, this <br />day of , 2014. <br />MMI PRECISION LLC CITY OF RAMSEY <br />By: By: <br />Its: Mayor <br />Its: <br />ATTEST <br />MMI Precision LLC <br />Development Permit <br />Page 5 of 6 <br />By: <br />Its: City Clerk <br />