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• <br />• <br />• <br />the development. Any funds remaining in the escrow accounts after the completion of the <br />development shall be refunded to the Developer. <br />F. Developer shall, contemporaneously with the execution of this Agreement, <br />deposit with Lino Lakes an escrow of Twelve Thousand Dollars ($12,000.00) to cover the cost of <br />legal fees, construction documents and observation for the water main in Lino Lakes, engineering <br />fees, administrative expenses, and other costs related to this Joint Powers Agreement and <br />development. <br />All fees and costs incurred by Lino Lakes in connection with the <br />development shall be charged against said escrow account which shall remain in effect until the <br />completion of the development. Any funds remaining in the escrow accounts after the <br />completion of the development shall be refunded to the Developer. <br />G. When Hugo has developed the capability to service the property, the <br />Developer, its successors in title or assigns, agrees that it will hook up to Hugo's municipal water <br />system. Additionally, the Developer agrees to grant to Hugo any and all easements as may be <br />necessary to connect the property to Hugo's municipal water system, and at no cost to the City of <br />Hugo. Developer makes this representation on behalf of itself and all future property owners <br />within the plat. <br />H. When the Hugo water system is extended to the property, the Developer, <br />its assigns and its successors in title agree to pay assessments for the costs of the project in <br />accordance with Minnesota Law, and Developer, its assigns and its successors in title waive all <br />formalities or requirements pursuant to Minnesota Statutes Section 429, and specifically waive <br />any right to appeal or contest the assessment of the project costs upon the lands affected hereby. <br />4 <br />