#10 - Lake Elmo Elementary Development Agreement

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15 LA515\147\1015204.v1 LA515\147\1015204.v1 A. The Developer must obtain a sign permit from the City Building Official before the installation of any subdivision identification signs. B. Prior to the construction of any subdivision identification signs or other internal signs within the development, the Developer shall submit sign plans for review and obtain a sign permit from the City. C. The Developer may not assign this Agreement without the written permission of the City Council. The Developer's obligations hereunder shall continue in full force and effect even if the Developer sells one or more lots, the entire Property, or any portion of it. D. Retaining walls that require a building permit shall be constructed in accordance with plans and specifications prepared by a professional engineer licensed by the State of Minnesota. Following construction, a certification signed by the design engineer shall be filed with the City evidencing that the retaining wall was constructed in accordance with the approved Plans. All retaining walls identified on the Plans or by special conditions referred to in this Agreement shall be constructed before any other building permit is issued for a lot on which a retaining wall is required to be built. E. The Developer shall take out and maintain or cause to be taken out and maintained until six months after the City has accepted the public Subdivision Improvements: 1) commercial general liability insurance (CGL) covering bodily injury and property damage; 2) automobile liability insurance (coverage must apply to owned autos, non- owned autos, and hired autos); 3) workers’ compensation insurance as required by state statute; and 4) employer’s liability insurance. Limits for the commercial general liability insurance policy shall be not less than $2,000,000 for each occurrence. The City shall be named as an additional insured