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Marshan Meadows <br /> Development Contract <br /> 3-13-2006 <br /> repair and maintain any private facilities shall be billed directly to the property <br /> owners. <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 /> ($500,000.00) Dollars for one person and One Million and no/100($1,000,000.00) <br /> Dollars for each occurrence; limits for property damage shall be not less then Two <br /> Hundred Thousand and no/100($200,000.00)Dollars for each occurrence;or a <br /> combination single limit policy of One Million and no/l00 ($1,000,000.00) Dollars <br /> or more. The City,its employees, its agents and assigns shall be named as an <br /> additional insured on the policy,and the Developer or all its subcontractors shall file <br /> with the City a certificate evidencing coverage prior to the City signing the plat. <br /> The certificate shall provide that the City must be given ten(10) days advance <br /> written notice of the cancellation of the insurance. The certificate may not contain <br /> any disclaimer for failure to give the required notice. <br /> X. REIMBURSEMENT OF COSTS FOR DEFENSE <br /> A. The Developer agrees to reimburse the City for all costs incurred by the City in <br /> defense of enforcement of this contract,or any portion thereof,including court costs <br /> and reasonable engineering and attorneys' fees if the City prevails in such action. <br /> XI. VALIDITY <br /> A. If a portion, section, subsection, sentence, clause,paragraph or phrase in this <br /> contract is for any reason held to be invalid by a court of competent jurisdiction, <br /> such decision shall not affect or void any of the other provisions of the Development <br /> Contract. <br /> XII. GENERAL <br /> A. Binding Effect <br /> 1. The terms and provisions hereof shall be binding upon and insure to the <br /> benefit of the heirs,representatives, successors and assigns of the parties <br /> hereto and shall be binding upon all future owners of all or any part of the <br /> Subdivision and shall be deemed covenants running with the land. <br /> B. Notices <br /> page 10 <br />