Agenda Packets - 1983/10/10 - Laserfiche WebLink

Home Browse Search

.* ti. tha City in Lhe processing, review and evalual:ion of the proposed' , dowalupment and iu L•he .inspeeLion ol: all work performed pursuant to said contract. Such costs shall. include but not be limited to the acbn.i.ni.nLral:ive, .Icg01., and en(liuo:ering exponses incurred herein, and .^.tieh other c::pottuus as auLhorixod by said Chapter. 13. Developer agrees that the City can terminate development of the development si.te or Lite construction of any building struc- tunas (:hereon it i.n the City coitnc.i1.'s opinion the tornts of this Development Contract have not been conformed to by the developer and the said Developer herein agrees to cease construction and waives i.ts right of recourse, claim, suit or action against the City. I'll addition, in the event the Developer fails to conform to the condiLions of this Agreement, the City shall be entitled to enforce it pursuant to the terms of: this contract and/or the provi- sions of the Mounds View home Rule Charter, Chapter 26 of the Municipal Cock:, 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, 'l'lie 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 AL•torney, which the Developer agrees to keep in full force and effect during the term of the obligation created herein in the amount of ELEVEN THOUSAND AND N0/100 AML ($11,000.00) Dollars, wherein the -4- ■