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Wilkinson Waters Addition <br />Grading Agreement <br />June 9, 2025 <br /> page 3 <br />days after notification by the City. The Developer shall be responsible for <br />all necessary street and storm sewer maintenance, including street <br />sweeping, unless otherwise released by the City. Warning signs shall be <br />placed when hazards develop in streets to prevent the public from <br />traveling on them, including detour signs if necessary. If and when the <br />streets become impassable, such streets shall be barricaded and closed. <br />7. Time of Performance. The Developer shall install all required improvements <br />enumerated in Paragraph 6 by September 31, 2025. The Developer may request a <br />reasonable extension of time from the City. If the extension is granted, it shall be <br />conditioned upon updating the security posted by the Developer to reflect cost <br />increases and the extended completion date. <br />8. City Improvements. No City installed improvements are proposed to be constructed. <br />9. Record Drawings. <br />a. Upon project completion, Developer shall submit record drawings, in electronic <br />format, of grading constructed by Developer. The files shall be drawn in Anoka <br />County NAD 83 Coordinate system and provided in both AutoCAD .dwg and Adobe <br />.pdf file formats. The plans shall include accurate locations, dimensions, elevations, <br />grades, slopes and all other pertinent information concerning the complete work. <br />b. The Developer shall submit certified compaction testing results for the site <br />grading operations that certify that grading work meets pertinent compaction <br />requirements for the project. <br />c. No securities will be fully released until all record drawings have been submitted <br />and accepted by the City Engineer. <br />10. Faithful Performance of Construction Contracts and Security. <br />a. The Developer will fully and faithfully comply with all terms and conditions of any <br />and all contracts entered into by the Developer for the installation and construction <br />of all Developer Improvements. Concurrent with the execution hereof by the <br />Developer, the Developer will furnish to, and at all times thereafter maintain with <br />the City, a cash deposit, certified check, or Irrevocable Letter of Credit, based on <br />thirty-five (35%) percent of the total estimated cost of Developer's Improvements <br />as determined by the City Engineer. <br />b. Irrevocable Letter of Credit. If an Irrevocable Letter of Credit is utilized, it shall be <br />for the exclusive use and benefit of the City of Lino Lakes and shall state that it is <br />issued to guarantee and assure performance by the Developer of all the terms and <br />conditions of this Development Agreement and construction of all required <br />Page 228 of 353