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accepted by the City. <br />9. Responsibility for Costs. The Developers shall pay all <br />costs in conjunction with the design and construction of the <br />improvement and all costs incurred by the City relating to the <br />preparation of this Agreement, and all reasonable costs and <br />expenses incurred by the City in monitoring and inspecting the <br />construction of the public improvement, and all the costs <br />relating to the construction of this improvement, but not <br />limited to, attorney's fees, engineering costs, appraisals, and <br />administrative fees. Simultaneous with the execution of this <br />Development Contract, Developers agree to deposit the sum of <br />Three Thousand and no /100 ($3,000.00) Dollars with the City as a <br />deposit towards costs to be incurred. In the event that the <br />balance of funds on deposit with the City totals less than One <br />Thousand and no /100 ($1,000.00) Dollars, the Developers shall <br />deposit additional funds as necessary to increase the balance to <br />Three Thousand and no /100 ($3,000.00) Dollars within 10 days of <br />Notice by the City. All costs shall be paid within 30 days of <br />billing by the City. <br />10. Miscellaneous. <br />A. This Agreement shall be binding upon the parties, their <br />heirs, successors or assigns, as the case may be. <br />B. Breach of the terms of this Agreement by the Developers <br />shall be grounds for denial of the issuance of the building <br />permit or recision of the building permit. <br />-4- <br />Page 111 <br />