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13. INSPECTION FEES. The Permittee shall be responsible for all inspection costs <br />incurred by the City related to the installation of the Required Improvements. The <br />Permittee shall make a cash deposit into the appropriate escrow account of the City and <br />the City shall have the authority to draw upon these funds for the purpose of <br />compensating for inspection services. The amount of the deposit shall be equal to five <br />percent (5%) of the estimated cost of the Required Improvements, which equates to <br />$2,500.00. This escrow amount shall provide surety for the cost of constructing storm <br />sewer and parking lot improvements. Upon completion of the required Improvements to <br />the satisfaction of the City, any surplus balance remaining in the City's escrow account <br />shall be refunded to the Permittee. <br />14. FINANCIAL ASSISTANCE. The City shall be responsible to provide the financial <br />assistance listed in Section 2.2 of the Development Aureement between the parties hereto <br />dated April 25, 2006. The payment for the Site Improvements shall be made at the time a <br />Certificate of Occupancy for the Development Property is issued. These payments will <br />be made to Permittee only if ail property taxes. City fees and charges on the property are <br />current. <br />15. RECOGNITION OF LOCATION. The Permittee agrees to recognize the City of <br />Ramsey as the City of location on all of its forms of advertising and business <br />correspondence whenever reasonably prudent to do so. <br />16. OUTSIDE REGULATORY AGENCIES. The Permittee shall he responsible for <br />obtaining all required permits or licenses from all re�uulatory agencies. <br />17. AGREEMENT BINDING ON HEIRS, ETC. The Per -minces agree that this <br />Development Permit shall be binding upon their successors and assigns. Breach of any of <br />the terms of this Development Permit by the Permittees shall be grounds for denial of <br />huiidinu permits. <br />Permittee hereby acknowledges receipt of this permit, and that it has reviewed the <br />conditions of and agrees that it will comply with the terms of this permit. <br />Rivers! anufacturing, Inc. <br />Bv: <br />Its: President <br />34 <br />