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held invalid, such decision shall not affect the validity of the <br />remaining portions of this Contract. <br />D. The action or inaction of the City shall not <br />constitute a waiver or amendment to the provisions of this <br />Contract. To be binding, amendments or waivers shall be in <br />writing, signed by the parties and approved by written <br />resolution of the City Council. The City's failure to take <br />legal action promptly to enforce this Contract shall not be a <br />waiver or release. <br />E. Future residents of the Property shall not be <br />deemed to be third -party beneficiaries of this Contract. <br />F. The Developer shall provide and maintain until the <br />activity has ceased, public liability and property damage <br />insurance, covering personal injury, including death, and claims <br />for property damage which may arise out of the Developer's work <br />or the work of its subcontractors or the work done by one <br />directly or indirectly employed by any bf them. Limits for <br />bodily injury or death shall not be less than $500,000 for one <br />person and $1,000,000 for each occurrence. The City shall be <br />named as an additional named insured on the policy, and the <br />Developer shall file a copy of the insurance coverage with the <br />City prior to the City signing the Contract. <br />STATE OF MINNESOTA) <br />)SS. <br />CITY OF LITTLE CANADA <br />BY: <br />BY: <br />Michael I. Fahey, Mayor <br />Joel R. Hanson, <br />City Administrator <br />DEVELOPER <br />BY: <br />Roger Stanke <br />-3- <br />Page 11 <br />