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<br />7 <br />LA515\89\721081.v13 <br />10. CONTRACTORS/SUBCONTRACTORS. City Council members, City employees, <br />and City Planning Commission members, and corporations, partnerships, and other entities in <br />which such individuals have greater than a 25 percent ownership interest or in which they are an <br />officer or director may not act as contractors or subcontractors for the Subdivision Improvements <br />identified in Paragraph 8 above. <br />11. TIME OF PERFORMANCE. The Developer shall install all required Subdivision <br />Improvements by June 30, 2026, with the exception of the final wear course of asphalt on streets. <br />The Developer shall install the bituminous wearing course of streets after the first course has <br />weathered a winter season, consistent with warranty requirements, however, final acceptance of <br />the Subdivision Improvements by the City will not be granted until all work is completed, including <br />the final wear course. The Developer may, however, request an extension of time from the City. <br />If the City grants an extension, it shall be conditioned upon updating the Security posted by the <br />Developer to reflect cost increases and amending this Agreement to reflect the extended <br />completion date. Final wear course placement outside of this time frame must have the written <br />approval of the City Engineer. <br />12. MAINTENANCE DURING CONSTRUCTION. The Developer shall be responsible for <br />all maintenance of the Subdivision Improvements including the snow plowing of the streets, roads, <br />and alleys until the Subdivision Improvements are accepted by the City in writing. The Developer <br />and its contractors must adhere to the City’s weight restrictions for all streets both inside and <br />outside of the Subdivision, regardless of whether said streets are included in the City’s map of <br />streets with weight restrictions and regardless of whether said streets are fully constructed. The <br />Developer also is responsible to locate all underground utilities until the Subdivision is accepted <br />in writing by the City. Warning signs shall be placed by the Developer when hazards develop in <br />streets to prevent the public from traveling on same and to direct attention to detours. If and when <br />streets become impassable, such streets shall be barricaded and closed by the Developer. In