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Development Contract— Site Grading Only <br /> Grandview <br /> August 13, 2007 <br /> • 10. Cost of Developer's Improvements, description and completion dates are as <br /> shown on Attachment A. <br /> 11. Construction of Developer's Improvements: <br /> a) The construction, installation, materials and equipment shall be in <br /> accordance with the plans and specifications approved by the City. <br /> b) All of the work shall be under and subject to the inspection and <br /> approval of the City and, where appropriate, any other governmental <br /> agency having jurisdiction. <br /> c) Prior to the acceptance of Developer Improvements by the City, the <br /> Developer shall obtain final plat approval and record the final plat <br /> which will dedicate all permanent easements necessary for the <br /> construction and installation of the Developer's and City's <br /> Improvements as determined by the City. <br /> d) All Construction debris and trash shall be properly disposed of at the <br /> developers expense and in a timely manner as determined by the <br /> City. <br /> i12. The Developer shall be required to obtain all necessary permits and <br /> approvals from all governmental agencies as required, including necessary <br /> right-of-way, temporary easements, or permanent easements for the <br /> construction. <br /> 13. The Developer shall make any necessary application to FEMA for a Letter <br /> of Map Amendment(LOMA) or Letter of Map Revision(LOMR)to revised <br /> the existing Flood Plain maps consistent with the proposed grading plan. <br /> 14. Guarantee <br /> a) Faithful Performance of Construction Contracts and Letters of Credit <br /> (1) The Developer will fully and faithfully comply with all terms <br /> and conditions of any and all contracts entered into by the <br /> Developer for the installation and construction of all <br /> Developer's Improvements and hereby guarantees the <br /> workmanship and materials for a period of one year <br /> following the City's final acceptance of the Developer's <br /> Improvements. Concurrently with the execution hereof by <br /> the Developer, the Developer will furnish to, and at all times <br /> thereafter maintain with the City, a cash deposit, certified <br /> • check, or Irrevocable Letter of Credit, based on one hundred <br /> fifty (150%) percent of the total estimated cost of <br /> page 6 <br />