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Talan Ridge <br />Development Contract <br />September, 2014 <br />Limits for bodily injury and death shall be not less than Five Hundred Thousand <br />and no/100 ($500,000.00) Dollars for one person and One Million and no/100 <br />($1,000,000.00) Dollars for each occurrence; limits for property damage shall be <br />not less then Two Hundred Thousand and no/100 ($200,000.00) Dollars for each <br />occurrence; or a combination single limit policy of One Million and no/100 <br />($1,000,000.00) Dollars or more. The City, its employees, its agents and assigns <br />shall be named as an additional insured on the policy, and the Developer or its <br />general contractor shall file with the City a certificate evidencing coverage prior to <br />the City signing the plat. The certificate shall provide that the City must be given <br />ten (10) days advance written notice of the cancellation of the insurance. The <br />certificate may not contain any disclaimer for failure to give the required notice. <br />X. REIMBURSEMENT OF COSTS FOR »EN SE <br />a. The Developer agrees to reimb e City for all costs i+ d by the City in <br />defense of enforcement of this conn t or any portion thereo ;eluding court <br />costs and reasonable engineering and attorneys' fees if the City pails in such <br />action. <br />XI. VALIDITY <br />XII. <br />a. If a po• motion. subsection. sentence ci e, paragraph or phrase in this <br />contr for any reason held to be invalid b court of competent jurisdiction, <br />such de' L on shall not affect or void any of the other provisions of the <br />Development Contract. <br />iENIERAL <br />Binding Effect <br />The tennnd provisions hereof shall be binding upon and inure to the <br />benefit ofd heirs, representatives, successors and assigns of the parties <br />hereto all be binding upon all future owners of all or any part of the <br />Subdivisran and shall be deemed covenants running with the land. <br />b. Notices <br />i. 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 <br />by 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 <br />as set forth on Page 1 until changed by notice given as above. <br />page 10 <br />