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are not sufficient, due to unforeseen circumstances, Developer shall be responsible for any <br />additional monies needed to complete the Project Improvements in their entirety. <br /> <br />3. Purposes of Disbursements. Subject to the terms of this Agreement, the City is <br />authorized and directed to disburse the funds deposited hereunder to reimburse the <br />Developer for project costs associated with the approved scope of work attached hereto at <br />Exhibit A. The reimbursement of said costs are subject to the Developer providing <br />evidence of payment to Developer’s contractor(s) and lien waivers from said contractors <br />for the work completed related to the payment request. Verification of work completed <br />shall be done by the City’s Building Official based upon his understanding of the approved <br />work scope and compliance with the Minnesota Building Code, City of Little Canada Zoning <br />Ordinance, and any plans or specifications used by Developer for the work in question. <br /> <br />4. Payments by City. Upon receipt of appropriate documentation of claims as described in <br />Provision #3, the City will reimburse the Developer pursuant to the City's normal payment <br />processing procedures. The City approves payments on the 2nd & 4th Wednesday's of each <br />month, subject to modification of the meeting date by the City Council. Invoices would <br />need to be received by the City at least one-week prior to the desired meeting payment <br />date. Checks are distributed the following business day. <br /> <br />5. Books and Records. City will keep and maintain, at all times, full, true and accurate books <br />and records, in sufficient detail to reflect the disbursements made by it hereunder. The <br />Developer may, during normal business hours, examine all books and records of City <br />pertaining to the disbursements made by it hereunder and make extracts therefrom and copies <br />thereof. <br /> <br />6. Balance Remittance. The City shall transfer any remaining balance above their initial $200,000 <br />deposit remaining in the Project Fund after completion of all improvements as defined in <br />Exhibit A to the Developer within 30 days of total completion. <br /> <br />7. Liability of City. The functions and duties assumed by City include only those described <br />in the Agreement, and City is not obligated to act except in accordance with the terms and <br />conditions of this Agreement. The City does not ensure that the improvements will be <br />completed, nor does it ensure that the improvements, when completed, will be in <br />accordance with any plans and specifications, nor at any certain level of quality, nor that <br />sufficient funds will be available for the completion, nor does it assume any liability for <br />same. The City has no liability for loss caused by an error in the certification furnished it <br />hereunder as to work in place. City shall not be responsible for any loss of documents or <br />funds while such documents or funds are not in its custody. Documents or funds which <br />are deposited in the United States mail shall not be construed as being in the custody of <br />City. <br /> <br />8. Indemnification of City. The Developer agrees to indemnify City against all losses, claims, <br />damages, liability and expenses, including without limitation costs and investigation and <br />legal counsel fees which may be incurred or imposed upon City in connection with City's <br />performance of its duties under this Agreement, including without limitation any litigation <br />or other non-judicial proceedings arising from this Agreement or the subject matter <br />thereof.