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Development Contract <br />Century Farm North 2 °a Addition 4 -26 -2004 <br />responsibility of the Developer, its purchasers, builders or contractors to ensure <br />compliance with the grading plan. <br />VII. PHASING PLAN <br />. The development shall be constructed in accordance with the approved phasing plan <br />as follows: <br />1. A total of 55.0 acres of MUSA shall be allocated for the project, and the <br />project's 249 residential units shall be developed in accordance with the <br />following phasing plan, which is illustrated on Attachment C: <br />Year <br />2003 <br />2004 <br />2005 <br />2006 <br />2007 <br />total <br />MUSA acres to be <br />Allocated <br />15.3 <br />11.4 <br />13.5 <br />5.4 <br />9.4 <br />55.0 <br />Lots to be final platted <br />5 6 <br />6 5 <br />5 2 <br />4 3 <br />3 3 <br />2 4 9 <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 of work and construction required by this contract and <br />acceptance by the City, the improvements lying within the public easements shall <br />become City property without further notice or action. <br />INSURANCE <br />A. <br />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 />page 12 <br />