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Development Contract— Site Grading Only <br /> Grandview <br /> August 13, 2007 <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/100 ($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 /> 1. Whenever in this agreement it shall be required or permitted that notice or <br /> demand be given or served by either party to this agreement to or on the <br /> other party, such notice or demand shall be delivered personally or mailed by <br /> United States mail to the addresses hereinbefore set forth on Page 1 by <br /> certified mail (return receipt requested). Such notice or demand shall be <br /> deemed timely given when delivered personally or when deposited in the <br /> mail in accordance with the above. The addresses of the parties hereto are as <br /> set forth on Page 1 until changed by notice given as above. <br /> page 10 <br />