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• <br />Isabel] Estates <br />Development Contract <br />October. 2014 <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 />VI. 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 />VII. 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 />VIII. 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 />Limits for bodily injury and death shall be not less than Five Hundred Thousand <br />and no/100 (5500.000.00) Dollars for one person and One Million and no/100 <br />(51.000.000.00) 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 />page 9 <br />