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the Cil; in the procussing, review and cvaluaLioil of the proposed <br />development and in <br />the <br />inspection <br />of all work performed <br />pursuant <br />to said contract. <br />"nclt <br />costs shall <br />include but not be <br />limited to <br />the aditdnistraLivc, fugal, and engineering expenses incurred herein, <br />and 'such other expenses as authorized by said Chapter. <br />ll. Developer agrccs that t:ho City can terminate development <br />of the developan.ut site ur t:hc construction of any building struc- <br />tures thereon if in the City Council's opinion the torms of this <br />Development Contract have not been conformed to by the developer <br />and the said Developer herein agrees to cease construction and <br />waives its right of recourse, claim, suit- or action against the <br />City. in addition, in the event: the Developer fails to conform to <br />the conditions of this Agrcemont, the City shall be entitled to <br />enforce U.. pursunnl. Lo the l•arms of this contract and/or the provi- <br />sions of the hounds view home Rule Charter, Chapter 26 of the <br />Municipal Code, or applicable Minnesota Statutes. The Developer <br />herein agrees that in the event the City is compelled to enforce <br />an of the provisions of Lhis uueLYacL ii court action <br />Y P y 7 ..,.,., .... _ <br />is rendered in favor of the City, that all costs, disbursements <br />and reasonable attorney's foes will be paid by said Developer, its <br />heirs, successors and assigns. <br />14. The Developer shall furnish to the City at the time of <br />the execution of this Contract a cash bond, a corporate surety bond, <br />an irrevocable letter of credit or any other negotiable instrument <br />approved by the City Attorney, which the Developer agrees to keep in <br />full force and effect: during the germ of the obligation created <br />herein in the amount of one hundred eighteen thousand (118,000) <br />Dollars, wherein the <br />-4- <br />