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perform all functions required under this contract and City Codes. Performance shall <br />be guaranteed by the financial guarantee recited herein. <br />Furthermore, fhb. Developer shall dedicate to the City, as part of the final plat, at no <br />cost to the City, all permanent easements necessary for the- construction and <br />installation of the City Improvements as determined by the City. All other such as <br />temporary easements required by the City shall be in writing, in recordable form, <br />containing such terms and conditions as determined by the City. <br />1. The Developer shall be responsible for securing all necessary approvals and permits <br />from all appropriate Federal, State, Regional and Local jurisdictions prior to the <br />commencemeri of site grading and prior to the Developer awarding construction <br />contracts for Developer Improvements. <br />J. The Developer shall make provision that all gas, telephone, cable television (if <br />available) and electric Utilities shall be installed to serve the development. <br />K. On a corner lot the front entrance shall face a designated front yard as determined by <br />the City and the assigned address, <br />L. The Developer shall construct a group of mailboxes of a uniform design that is <br />clustered at specific locations approved by the City and coordinated with the United <br />States Post Off <br />• - <br />M. The Developer shall provide a licensed professional engineer or their duly authorized <br />representative o overse.e at the Developer's expense the Developer's improvements <br />identified in Arl'cle Two until such improvements are completed and accepted by the <br />.City.. <br />N. The Developer will fully and faithfully comply with all terms and conditions of any and <br />ail contracts er tered into by the Developer for the installation and construction of all <br />• Developer's Improvements identified in Article Two and hereby guarantees <br />workmanship e nd materials for a period of one (1) year after acceptance of the City. <br />Concurrently w th the execution hereof by the Developer, the Developer will furnish to, <br />and at all times thereafter maintain with the City, a cash deposit, certified check, or an <br />• Irrevocable Leter of Credit, on the total estimated cost of DeVeioper's Improvements <br />as identified in Article Two. .The Irrevocable Letter of Credit shall be for the exclusive <br />use and benefit of the City of Andover and shall state thereon that the same is issued <br />to guarantee and assure performance by the Developer of all the terms and conditions <br />of this Develc.oment Contract and construction of all required improvements in <br />accordance wits the ordinances and specifications of the City. In the event of a default <br />by Developer and after thirty (30) days prior written notice to Developer, the City <br />reserves the rischt to draw, in whole or in part, on any portion of the Irrevocable Letter of <br />' Credit for the p irpose of performing the terms and conditions of this contract. The City <br />will state the Leeson for withdrawal and account for any amount withdrawn. The <br />Irrevocable Let er of Credit shall automatically be renewed or replaced by not later than <br />thirty (30) days prior to its expiration with a comparable letter until the Developer has <br />. completed to flea satisfaction of the City the improvements required herein. <br />-4- <br />