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Development Contract <br />Ravens Hollow <br />• The Developer may construct and maintain such access in order to meet said <br />requirements. <br />• <br />• <br />3. Prior to release of the building permits for the two model homes, the builder <br />shall enter into a separate agreement with the City which would not allow <br />the building to be occupied after issuance of certificate of occupancy by <br />anyone other than the builder for exhibiting the home for model purposes <br />nor would they convey the property to any other third parties by any means <br />until all of the public and private utilities have been installed to serve the <br />building and accepted by the City. This includes all other requirements <br />provided in this agreement <br />D. The Developer further agrees to make an application to FEMA for a Letter of Map <br />Amendment (LOMA) or a Letter of Map Revision (LOMR) to revise the existing <br />Flood Plain maps consistent with the proposed grading plan prior to issuance of <br />building permits. <br />E. Each lot must comply with erosion control measures to prevent any material from <br />leaving the lot. The City of Lino Lakes will not perform any requested inspections <br />on the lot until it complies to the erosion control requirements. <br />F. Each lot must have a City approved Certificate of Grading showing the as-built <br />survey prior to an issuance of a Certificate of Occupancy. It shall be the <br />responsibility of the Developer, its purchasers, builders or contractors to ensure <br />compliance with the grading plan. <br />VII. HOURS OF CONSTRUCTION ACTIVITY <br />A. 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 />VIII. OWNERSHIP OF IMPROVEMENTS <br />A. Upon completion of the work and construction required by this contract and <br />acceptance by the City, the improvements lying within the public easements shall <br />become City property without further notice or action. <br />IX. INSURANCE <br />A. Developer or all its subcontractors shall take out and maintain until one (1) year <br />after the City has accepted the Developer Improvements, public liability and <br />property damage insurance covering personal injury, including death, and claims for <br />property damage which may arise out of the Developer's work or the work of his <br />subcontractors or by one directly or indirectly employed by any of them. Limits for <br />bodily injury and death shall be not less than Five Hundred Thousand and no /100 <br />page 13 <br />