Agenda - Council Work Session - 11/18/2014

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ARTICLE FIVE REIIIIIBURSEMENT OF COSTS The Developer agrees to fully reimburse the City for all costs incurred by the City in connection with this teveLopment Contract including, but not limited, to the actual costs of preparation of the p t and specifications for said improvements, engineering fees, legal 'fees, inspection fees interest costs, costs of acquisition of necessary easement, if any, and any other costs ncurred by the City relating to this Development Contract and the installation of the afoirnentioned improvements. Furthermore, the - Developer Fees to deposit with the City such sums reasonably required by the City and relating to the costs described in the preceding paragraph. The arneunts of such deposits shall be shown in Exhibit A (Fee Schedule) attache hereto and made a part hereof and adopted by City Code. Said amount shall bear no interest and he City shall have the tight to.pay all fees and expenses and costs which are the'obliga lions of the Developer under this contract from the afoiementioned escro deposit An( monies remaining after the payment of said fees and costs shalt be returned to the Developer any disputes regarding said fees shall be resolved in accordance with ItilS462.353 and 462.361.. _ ARTICLE SIX BUILDING PERMITS AND CERTIFICATES OF OCCUPANCY Where- a pia ed street intersects an existing publicly maintained road, the City Building Official will only issue building permits on lots that are within 150 feet of a hard surfaced roadway. I i the event tots are more than 150 feet from a hard surfaced roadway,. the Developer shall construct a gravel service road to provide access to. these lots as required by the city. The Developer shall submit a plan to the City for approval identifying the location -of the proposed access roads and the lot being requested for building • permits. Building p rmits can be requested for the remaining tots within the development after; the first lift of t e asphalt has been installed on the street. The City shall require that a "Hold Harmless Pgreemene be provided .by the Builder if the drainage improvements serving the deve t (i.e. ponds, .outlet structures, and overflow pipes) are not completed prior to . building permit being issued. No certificate of occupancy will be issued on any lot t abuts a pond unless the pond infrastructure is completed according to the Gity approve plan.