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<br />{00149157 12} 25. <br />As will be specified in each Subdivision Agreement with regard to the applicable phase <br />of the Development, the Developer or its general contractor shall take out and maintain until one <br />year after the City accepted the Developer Improvements, public liability and property damage <br />insurance covering personal injury, including death, and claims for property damage which may <br />arise out of the Developer's or general contractor’s work, as the case may be, or the work of its <br />subcontractors or by one directly or indirectly employed by any of them. Limits for bodily <br />injury and death shall be not less than Five Hundred Thousand and no/100 ($500,000.00) Dollars <br />for one person and One Million and no/100 ($1,000,000.00) Dollars for each occurrence; limits <br />for property damage shall be not less than One Million and no/100 ($1,000,000.00) Dollars for <br />each occurrence; or a combination single limit policy of Two Million and no/100 <br />($2,000,000.00) Dollars or more. The City, its employees, its agents and assigns shall be named <br />as an additional insured on the policy, and the Developer or its general contractor shall file with <br />the City a certificate evidencing coverage prior to the City signing the plat. The certificate shall <br />provide that the City must be given ten days advance written notice of the cancellation of the <br />insurance. The certificate may not contain any disclaimer for failure to give the required notice. <br /> <br />13.5 Reimbursement of Costs <br /> <br /> The Developer agrees to pay the City for its actual costs and expenses in <br />reviewing the Plans and in granting the City Approvals, including the drafting and <br />negotiation of this Master Agreement and related documents and agreements. <br />The Developer agrees to establish a non-interest bearing escrow account with the <br />City in an amount reasonably determined by the City Administrator or his <br />designee for the payment of all costs incurred by the City related to the <br />development of the Subdivision. The City Administrator will provide Developer <br />with the basis on which the amount is determined in reasonable detail. The <br />amount shall be determined at the time of final plat approval for each phase. The <br />Developer agrees to reimburse the City for the actual cost incurred in the <br />enforcement of any provision of this Master Agreement, including reasonable <br />engineering and attorneys’ fees, but only in the event the Developer is found to be in <br />default of its obligations beyond a cure period defined in Section 13.11 of this <br />Master Agreement. Upon request of the Developer, the City shall provide detailed <br />information describing the actual costs incurred by the City and for which it is <br />seeking reimbursement from the Developer. <br /> <br />13.6 Severability <br /> <br />In the event that any provision of this Master Agreement shall be held invalid, illegal or <br />unenforceable by any court of competent jurisdiction, such holding shall pertain only to such section <br />and shall not invalidate or render unenforceable any other provision of this Master Agreement. <br /> <br />13.7 Counterparts <br /> <br />This Master Agreement may be executed simultaneously in any number of counterparts, <br />each of which shall be an original and shall constitute one and the same Master Agreement. <br />