05-28-13 Council Packet - Laserfiche WebLink

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Preserve at Lino Lakes Development Contract May, 2013 page 14 with the City a certificate evidencing coverage pri or to the City signing the plat. The certificate shall provide that the City must be given ten (10) days advance written notice of the cancellation of the insurance . The certificate may not contain any disclaimer for failure to give the required not ice. XI. REIMBURSEMENT OF COSTS FOR DEFENSE A. The Developer agrees to reimburse the City for a ll costs incurred by the City in defense of enforcement of this contract, or any por tion thereof, including court costs and reasonable engineering and attorneys' fees if t he City prevails in such action. XII. VALIDITY A. If a portion, section, subsection, sentence, cla use, paragraph or phrase in this contract is for any reason held to be invalid by a court of competent jurisdiction, such decision shall not affect or void any of the o ther provisions of the Development Contract. XIII. GENERAL A. Binding Effect 1. The terms and provisions hereof shall be binding upon and insure to the benefit of the heirs, representatives, successors a nd assigns of the parties hereto and shall be binding upon all future owners of all or any part of the Subdivision and shall be deemed covenants running w ith the land. B. Notices 1. Whenever in this agreement it shall be required or permitted that notice or demand be given or served by either party to this a greement to or on the other party, such notice or demand shall be deliver ed personally or mailed by United States mail to the addresses hereinbefore se t forth on Page 1 by certified mail (return receipt requested). Such no tice or demand shall be deemed timely given when delivered personally or wh en deposited in the mail in accordance with the above. The addresses o f the parties hereto are as set forth on Page 1 until changed by notice given a s above. C. Final Plat Approval The City agrees to give final approval to the plat of the Subdivision upon execution and delivery of this agreement and all required pet itions, bonds, security, and documents including the following: