02/11/2002 Council Packet - Laserfiche WebLink

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• • • I. Developer agrees to pay to Hugo, according to Hugo's regular and customary course of business, for all water supplied to the property, together with any water - related fees or costs charged to Hugo by Lino Lakes pursuant to this Agreement. J. The Developer agrees to construct the water system within the City of Lino Lakes described herein at its own expense and in accordance with Lino Lakes' specifications. Lino Lakes shall prepare plans and specifications for all work within Lino Lakes. The Developer shall engage at its own expense a registered, professional civil engineer to prepare plans and specifications for the project and shall submit the same to the Lino Lakes Engineer for review and approval. Developer shall provide a financial guarantee to Lino Lakes in the form of a cash escrow or letter of credit, in the amount equal to One Hundred Fifty Percent (150%) of the estimated amount of the cost of the water system to be constructed. K. The Developer, its successors and assigns shall pay to Hugo the prevailing water availability charges and connection charges as are customary for all water hook -ups in the City of Hugo at the time the Building Permit is requested for a lot. No connection charges or water availability charges shall be paid to the City of Lino Lakes. L. All water use charges that are delinquent shall be handled in like manner as other delinquent water charges in the City of Hugo. M. As part of the construction of the water system contemplated herein, Developer shall also install a water meter at or near the junction point with the Lino Lakes municipal water system. This meter shall measure the volume of water used in the City of Hugo in the Victor Gardens plat. 5