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Forest View Acres 2nd Addition <br />Development Contract <br />March, 2013 <br />C. Surface Water Management Area Charges. The City has established a trunk area <br />charge to uniformly distribute the costs of public trunk surface water <br />infrastructure and water quality improvements. The Developer shall pay pursuant <br />to the terms of the development agreement Surface Water Management Charges, <br />based on developable acreage, in the amount specified in Attachment A. <br />VII. BUILDING PERMITS <br />A. The Developer agrees that building permits may be issued upon approval of the <br />Final Plat by the City Council at which time all required Financial Security shall be <br />in place with the City. <br />B. The Developer further agrees that an as-built survey certifying that all the grading <br />complies with the grading plan prior to issuance of building permits. <br />VIII. 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 />IX. OWNERSHIP OF IMPROVEMENTS <br />A. Upon completion and City acceptance of the work and construction required by this <br />agreement, the Public Improvements lying within public rights of way shall become <br />City property. Upon completion of the work and construction required by this <br />contract of the utility and site improvements lying within the public easements, <br />except for the City trail as described in Section I. B., shall become the property of <br />the Developer, Property Owners, or their heirs and assigns, and shall include all <br />maintenance and operation of all improvements for perpetuity. However, the City of <br />Lino Lakes, in the interest of public health and safety, shall reserves the right to <br />enter said property and maintain facilities upon reasonable notice. Any costs <br />incurred by the City of Lino Lakes to repair and maintain any private facilities shall <br />be billed directly to the property owners. <br />X. 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 />page 9 <br />• <br />• <br />