02-08-1995 Council Agenda - Laserfiche WebLink

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11. Responsibility for Costs. The Developer shall pay all costs in conjunction with evaluation, design and construction of the improvements 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 improvements, but not limited to, attorneys' fees, engineering costs, appraisals, City staff time, planning costs, and administrative fees. Simultaneous with the execution of this Development Agreement, the Developer agrees to deposit the sum of Four Thousand and No /100 Dollars ($4,000.00) with the City as a deposit towards costs to be incurred. The funds deposited with the City shall be applied towards the payment of costs incurred by the City as set forth above. To 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 Developer shall deposit additional funds as necessary to increase the balance to Four Thousand and No /100 Dollars ($4,000.00) 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 City. If the project is not completed to the satisfaction of the City Engineer, the funds deposited pursuant to this paragraph may be used by the City to satisfy costs of restoration or repair, or to satisfy any other costs incurred by the City due to Developer's failure to complete the project. 12. Grading and Drainage. The Developer shall complete a drainage and grading study as required for subdivision approval and furnish said study to the City Engineer. Said study must be approved by the Ramsey - Washington Watershed District including the completion of the Municipal Coordination Checklist. It is also understood that erosion control must be such that drainage to adjacent property is prevented and surface water run- -4- Page 32