03/14/2005 Council Packet - Laserfiche WebLink

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Development Contract Century Farm North 3rd Addition March 14. 2005 1. A total of 55.0 acres of MUSA shall be allocated for the project. and the project's 249 residential units shall be developed in accordance with the following phasing plan: Year 2003 2004 2005 2006 2007 total MUSA acres to be Allocated 15.3 11.4 13.5 5.4 9.4 55.0 Lots to be final platted 56 65 52 43 33 249 Vill. HOURS OF CONSTRUCTION ACTIVITY A. All construction activity shall be limited to the hours as follows: Monday through Friday 7:00 a.m. to 7:00 p.m. Saturday 9:00 a.m. to 5:00 p.m. Sunday and Holidays No working hours allowed LX. OWNERSHIP OF IMPROVEMENTS A. Upon completion of the work and construction required by this contract and acceptance by the City, the improvements lying within the public easements shall become City property without further notice or action. X. INSURANCE A. Developer or all its subcontractors shall take out and maintain until one (1) year after the City has accepted the Developer Improvements, public liability and property damage insurance covering personal injury, including death, and claims for property damage which may arise out of the Developer's work or the work of his subcontractors or by one directly or indirectly employed by any of them. Limits for bodily injury and death shall be not less than Five Hundred Thousand and no /100 ($500,000.00) Dollars for one person and One Million and no /100 (51,000.000.00) Dollars for each occurrence; limits for property damage shall be not less then Two Hundred Thousand and no /100 (5200,000.00) Dollars for each occurrence; or a combination single limit policy of One Million and no /100 ($1,000,000.00) Dollars or more. The City, its employees, its agents and assigns shall be named as an additional insured on the policy, and the Developer or all its subcontractors shall file with the City a certificate evidencing coverage prior 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 notice.