10-27-1993 Council Agenda - Laserfiche WebLink

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8. License. The Developers hereby grant the City, its agents and employees, a license to enter any of the above- described property to perform all necessary work, maintenance and /or inspections deemed appropriate by the City during the construction of the improvements. The license shall expire after the public improvements are installed pursuant to this Agreement and accepted by the City. 9. Responsibility for Costs. The Developers shall pay all costs in conjunction with the design and construction of the improvement and all costs incurred by the City relating to the preparation of this Agreement, and all reasonable costs and expenses incurred by the City in monitoring and inspecting the construction of the public improvement, but not limited to, attorneys' fees, engineering costs, appraisals, City staff time, planning costs, and administrative fees. Simultaneous with the execution of this Development Contract, the Developers agree to deposit the sum of Three Thousand and No /100 Dollars ($3,000.00) with the City as a deposit towards costs to be incurred, pursuant to Exhibit C. The funds deposited with the City shall be applied towards the payment of costs incurred by the City as set forth above. In the event that the balance of funds on deposit with the City totals less than One Thousand and No /100 Dollars ($1,000.00), the Developers shall deposit additional funds as necessary to increase the balance to Three Thousand and No /100 Dollars ($3,000.00) within ten (10) days of Notice by the City. To the extent that the funds deposited are insufficient to satisfy the costs incurred by the City, any additional costs shall be paid within 30 days of billing by the City. All costs shall be paid within 30 days of billing by the -4- Page 63