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DEVELOPERS for such costs shall be paid within fifteen (15) days of the date of <br />invoice. The duty to clear and/or to reimburse the CITY shall be allocated to RTC as to <br />public streets and T&C as to private streets. <br />20. Private Streets and On -Street Parking. On -street parking shall be prohibited on private <br />streets unless otherwise indicated on the final plans. All parking restrictions shall be <br />signed and said signing shall be subject to the approval of the CITY. At no time will the <br />private streets he maintained or accepted for ownership by the CITY. These items shall <br />be clearly stated in the covenants drafted as part of the homeowners association. The <br />association documents shall include appropriate enforcement provisions. T&C will <br />provide the CITY a copy of the restrictive covenants for review. <br />21. Private Street Cleaning. In the event the CITY determines that the private streets and <br />driveway collectors are contributing to the increased sedimentation of the ponds that the <br />CITY is required to maintain, the CITY shall provide the homeowner's association with <br />thirty (30) days written notice to sweep the streets. If the'association fails to comply <br />within the thirty (30) day time frame, the CITY or its contractor will sweep the streets and <br />the associated costs shall be the responsibility of the homeowner's association. CITY <br />expenses incurred in sweeping the private streets andlor driveway collectors shall be paid <br />within 30 days of billing. Failure to compensate the CITY for the services shall be cause <br />for a special assessment to be levied against the Plat and certified to the County Auditor <br />for collection in the manner as taxes and special assessments are certified and collected. <br />T&C grants permission and a license to the CITY or its contractors and assigns to enter <br />upon the Plat for the purpose of cleaning the private streets andlor driveway collectors. <br />T&C shall also be responsible for including these provisions in the covenants drafted as a <br />part of the homeowner's association. <br />22. Time of Performance. The DEVELOPERS shall install all Required Improvements by <br />July 30, 2006..The DEVELOPERS may, however, request an extension of time from the <br />CITY. If an extension is granted, it shall be conditioned upon updating the security <br />posted by DEVELOPERS to reflect cost increases. <br />23. Ownership of Improvements. Upon the completion of the work and construction <br />required to be done by this Contract, the Improvements lying within public easements <br />shall become CITY property without further notice or action. <br />24. Landscanine. <br />a. Compliance With Plans. The DEVELOPERS shall landscape the Plat in <br />accordance with approved plans. The landscaping shall be accomplished in accordance with a <br />time schedule approved by the CITY. <br />b. Maintenance Guarantee for Landscaping. RTC and T&C shall provide a <br />maintenance guarantee to ensure the survival of the plantings in the Plat. Said maintenance <br />guarantee shall consist of cash or a Letter of Credit, approved as to form by the CITY, in the <br />amount of fourty-six thousand nine hundred eighty dollars and no cents ($46,980) [required <br />RamseyTown Center 7th Addition <br />Development Contract <br />Page 9 of 20 Pages <br />1211L7807rB8207$6 8/1.8165 <br />