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09-26-2001 Council Agenda
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09-26-2001 Council Agenda
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perform all necessary work, maintenance and /or inspections deemed <br />appropriate by the City during the construction of the improvements. The <br />license shall expire after the improvements are installed pursuant to this <br />Agreement and accepted by the City. <br />11. Responsibility for Costs. The Developer shall pay all costs in <br />conjunction with evaluation, design and construction of the improvements <br />and all costs incurred by the City relating to the preparation of this <br />Agreement, and all reasonable costs and expenses incurred by the City in <br />monitoring and inspecting the construction of the public improvements, but <br />not limited to, attorneys' fees, engineering costs, appraisals, City staff <br />time, planning costs, and administrative fees. Costs for City staff time <br />expended in conjunction with this project are expected to equal two and one <br />half percent (2.5%) of the construction cost of this project as documented <br />by the initial contracts. Said fee can be increased or reduced at the sole <br />discretion of the City should staff time required vary dramatically from <br />this estimate. Billing will be on a flat percentage basis as deemed <br />appropriate by the City. Simultaneous with the execution of this <br />Development Agreement, the Developer agrees to deposit the sum of Two <br />Thousand and No /100 Dollars ($2,000.00) with the City as a deposit towards <br />costs to be incurred. The funds deposited with the City shall be applied <br />towards the payment of costs incurred by the City as set forth above. To <br />the event that the balance of funds on deposit with the City are <br />insufficient to satisfy the costs incurred by the City, any additional <br />costs shall be paid by the Developer within five (5) days of notice by the <br />City. <br />12. Grading and Drainage Plans. The Developer agrees to provide <br />appropriate grading and drainage for the Gilanderi Addition plat so as not <br />Page 85 <br />
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