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Talan Ridge <br />Development Contract <br />September, 2014 <br />special assessment levied pursuant to this agreement, or any interest <br />thereon, the City at its option, in addition to its rights and remedies <br />hereunder, after 10 days written notice to the Developer, may declare all of <br />the unpaid special assessments which are then estimated or levied pursuant <br />to this agreement due and payable in full, with interest. The City may seek <br />recovery of such special assessments due and payable from the security <br />provided herein. In the event that such security is insufficient to pay the <br />outstanding amount of such special assessments plus accrued interest the <br />City may certify such outstanding special assessments in full to the County <br />Auditor pursuant to Minnesota Statutes section 429.061, subdivision 3, for <br />collection the following year. The City, at its option, may commence legal <br />action against the Developer to collect the entire unpaid balance of the <br />special assessments then estimated or levied pursuant hereto, with interest, <br />including reasonable attorney's fees, and Developer shall be liable for such <br />special assessments and, if more than one, such liability shall be joint and <br />several. Also, if Developer violates any term or condition of this <br />agreement, or if any payment is not made by Developer pursuant to this <br />agreement the City, at its option, may refuse to issue building permits to <br />any of the properties within the Subdivision on which the assessments <br />have not been paid. <br />VII. BUILDING PERMITS <br />a. Subject to any other requirements in this Agreement, building permits may be <br />issued upon approval of the Final Plat by the City Council at which time all <br />required Financial Security must be in place with the City. <br />b. An as -built survey certifying that all the grading complies with the grading plan <br />must be submitted to and approved by the City prior to issuance of building <br />permits. <br />VIII. HOURS OF CONSTRUCTION ACTIVITY <br />a. All construction activity shall be limited to the hours as follows: <br />i. Monday through Friday <br />ii. Saturday <br />iii. Sunday and Holidays <br />IX. INSURANCE <br />7:00 a.m. to 7:00 p.m. <br />9:00 a.m. to 5:00 p.m. <br />No working hours allowed <br />a. Developer or its general contractor 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 <br />for property damage which may arise out of the Developer's work or the work of <br />his subcontractors or by one directly or indirectly employed by any of them. <br />page 9 <br />