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Huot Addition <br />Development Contract <br />1 I ._ .. As financial security, I~hc _))cvclopcrs Shall do posit with the Gtr ten thousand <br />dollats~~ iQ.QOQ), from ~~ hrc h. any. ~ind_all ursis_and cxpcgsc ti incurred by thc_C rty_in and ~Ya:~'. <br />hrl (onU'ac[ piclud~it but not linutcd in ~,J~,nnmt~ and cnxmc~__ <br />rc,latcd t~ t ' _ -.__- - p _ _ __- I . _ _ ' ~ „ring lccs_legal Ic,es~ <br />Citv Staff dnrc cost of acctuisiuon of casements, if,an~, shall b~ ~~aid S~id_d~posit shall also <br />guaianiec 1>_c~clopcrs_com)~letion of all o_f_thc I2cc~rcd_,_lntpro~cnunts, compliutcc_~~rilr_this <br />/~~ccmcnt -and comply uuc ~.yith the terms and coiidrtums of approval of the 1_luot ,lddtu>n Y_Itt <br />tis_dc lmcatcd b~~ C`ity_ Resolution Numbers L009.-.?_ ~ and ~OQ9 6-136 ~md_an~ (ity_resc~lution <br />nssoc,iatcd_~n~iih_fu7al plat <jpproval_.~tcd can tune '~,_ 20Q9 Sa<j_surc~ shall bc,,mnxdratel}_. <br />marl ible Rg' C rt~.s use to coi)iplclc hart or all_c~[ the c,onstruclign_in r tim~l} tnd satisfaclor~, <br />n?anu<r ~is_dctermined in tl'te sole, discretion of City Said swety_ shall, remain in full force and <br />effect until completg_n_and_ac,ccptaitce of the Recuir_cd_ Intprc)~~cmcnts__UaSCd on__thc sole <br />detclnunation of ~~. An~c~pc nded.dcposit. no( to exceed KS,QO_0„ pa' lot. nt r~ be returned to <br />I)evclcp~crs when__a11 ~~orl< rcytuicd_l»~_this agrccmuti is completcd_loi ~it,her Lot 1_ot_l of ? chi' <br />Block 1 t~ the Satisfa~irort of the Cny; ba5cd on its sole discretion- Shr)uld the u~rlial b10,000 <br />d~xtsit be d~plctcd, Dcvclo1ers sh_~tll rcplunsh_the dcpgsit i.n, amount d~cmcd satitilactor~ b~ -the. <br />City wilhi_n is n dad s_pl }~iilten notice. _"1 hrz pro~~i5w^ is also intended to u>n_tnuc the_ag~~cmcnt <br />hctwc ut [hc (tt~ and I~cvclol>cr s. dated M,3)~_18, 2009, which w att<iehul hereto and incgrporated <br />herein as L;xhibit B. <br />a~~Ocvel~ers-sa~tiall--4%r~rr~i~skt-tlj~ (`i~Y-~vikl~ a l,cttor-o1-t't~~iit-or ether-5c.ut~~ri~t-~~--+r7 a-L rt3~ <br />aNl~-sued-f~a~at~-~'rn-at3teuttt ec{~a~-t~-C}rte-Idt+nth-e~a~rad- ! u,crrty l+vc~ Be+oc nl (1 ~-S%) of-tata <br />i+tt}~r-e~,~-rr~k -eon#r=aet{-5).---=l-hr,--{)e~~elct{~c~r-sl~>itcr c1f-6 rtd~[-s~~-~atiat>arttte-F?e3Kaepc3 <br />c-orta}~Icfirota-alt-a~I-ak-~e--l~cdur+cd~-lip{ar~vc~+nenti.tea+tai~liaraee~-+v+~i-tlti~ .1~~~~eca~cn4.-~~nt~~ <br />eam~l>Ifiataec-~~i~Fi~l3c~tra3~s~ ar~~-etnxi+ti<~t3s-c~#'i~vrrl~-cal=the Ikm~t-Aflc~i4ion-1?l-at as t~ei+neated-by <br />~+ty I'~t~~~l~ukit~rr-A4+rrttx+5~?A(~9 ?-4~-ti~n<t--~(~BSt-( ~ :3{~-to+xl- nt~~ L=i~t-y--r'~~eit+t+oit 3ssae~atccl-wig <br />~17+~a1 i~l~at--a~19~tt~,ral-~~ankec~ on- kut~ ~~ ~~J-`3aici st+rc-t~ shall-(ac-i~ar~te~atti-y=swa~ilazbit~= <br />~ii~,~-s~se~ eor~falc-tc iktr't-fist=a'r'r,~i eansit~rcti~e~3--ii~t ir+taFi3~and sati ~actot+t3ier-as <br />d~krn~inc-c~in~~ic-st~li~~t~tser~eti=L,it~-~a~<a-suret}~ skrh4t rc+tt~3-in I~ua~-k3r-F;t-~a+tf~l c-flc-c-t-u+~til~ <br />_4_ <br />