Agenda Packets - 1983/04/11 - Laserfiche WebLink

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^• the City in the proces::inyi, review and cvaluaLion of the proposed development and in the inspection of all work performed pursuant to said contract. Such cnsPr shall inr:lude. bur not• he limited to the adm.illU Lra Live, legal, and engi.ncering uvpooses incurred herein, and such other expenses as authorized by said Chapter. 13. Developer agrens that the City can Lerminatc! development of tlie dovclopmctit uiLc oi• Ulu con:Artit: Lkill of ay building Struc- tures thereon if in the City Council's opinion the terns of this Development Contract have not been conformed to by the developer and the said Doveloper hrroin agrees to cease construction and waives its right of rccuurse, claim, Su.iL ur action against the City. In addition, in the event the Developer fails to conform to the conditions of this Agreement, the City shall be entitled to enforce it pursuant to the terns of this contract and/or the provi- sions of the Mounds View Home Rulc Charter, Chapter 26 of the Municipal Code, or applicable Minnesota Statutes. The Developer herein agrees that in the event the City is compelled to enforce any of the provisions of this contract by court action and judgment is rendered in favor of the City, that all costs, disbursements and reasonable attorney's fees will be paid by said Developer, its heirs, successors and assigns. 14. The Developer shall furnish to the City at the time of the execution of this Contract a cash bond, a corporate surety bond, an irrevocable letter of credit or any other negotiable instrument approved by the City Attorney, which the Developer agrees to keep in full force and effect during the term of the obligation created herein in the amount of $24,000 _ W Dollars, wherein the -4-