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MTO Properties Addition <br />Development Agreement <br />January 10, 2022 <br />16. Building Permits. A building permit shall not be issued until after execution of this <br />agreement and receipt of all securities required herein, and review and approval of <br />building permit application by the Building Official. <br />17. Special Provisions. <br />a. A conservation easement and wetland buffer declaration shall be recorded over <br />the wetland and buffer. <br />b. A Declaration for Maintenance of Stormwater Facilities related to the private <br />stormwater management facilities is required. <br />c. Separate sign permit applications are required for all permanent <br />monument/pylon and wall signage. <br />d. Separate sign permit applications are required for all temporary signage. <br />18. Hours of Construction Activity. <br />All construction activity shall be limited to the hours as follows: <br />Monday through Friday 7:00 a.m. to 7:00 p.m. <br />Saturday 9:00 a.m. to 5:00 p.m. <br />Sunday and Holidays No working hours allowed <br />19. Insurance. 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 <br />damage insurance covering personal injury, including death, and claims for property <br />damage which may arise out of the Developer's or general contractor's work, as the <br />case may be, or the work of its subcontractors or by one directly or indirectly employed <br />by any of them. Limits for bodily injury and death shall be not less than Five Hundred <br />Thousand and no/100 ($500,000.00) Dollars for one person and Two Million and no/100 <br />($2,000,000.00) Dollars for each occurrence; limits for property damage shall be not less <br />than One Million and no/100 ($1,000,000.00) Dollars for each occurrence; or a <br />combination single limit policy of Two Million and no/100 ($2,000,000.00) Dollars or <br />more. The City, its employees, its agents and assigns shall be named as an additional <br />insured on the policy, and the Developer or its general contractor shall file with the City <br />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 <br />of the insurance. The certificate may not contain any disclaimer for failure to give the <br />required notice. <br />20. Developer's Default. In the event of default by the Developer as to any of the work to <br />be performed by it hereunder, the City may, at its option, perform the work and the <br />Developer shall promptly reimburse the City for any expense incurred by the City, <br />including but not limited to attorney and engineering fees, provided the Developer is <br />first given notice of the work in default, not less than 48 hours in advance. This <br />page 10 <br />