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Lite City in I:he prncessiny, rev.i.nw caul ,:vnluat.inn or. Lime proposed <br />davrlopmenL tool in the in:;pr.cl inn or nl1 work prrl'nrmed purr;uanL <br />® <br />Lo said conl:racl:. Surh CO:;1:; Shall iucludr buL noL be 11111itcd to <br />Lite adnministrative, legal, and e»yineerilly expenses incurred herein, <br />and such other expenses as autho'rizc(l by said ChapL-ar. <br />13. Developer agren:: that Cho CiLy can terminate development.• <br />of the development site or the construction of any building struc- <br />tures thereon if in the city Council's opinion the terms of this <br />Development Contract have not been conformed to by the developer <br />and the :--.aid Developer herein agrees to cease construction and <br />waives its rim.limt of recourse, claim, sui.L or action against the <br />City. In addition, in the event the Developer fails to conform to <br />the conditions of this Agreement, the City shall be entitled to <br />enforce it pursuant. to Lhc• terms or this contract. and/or the provi- <br />sions of the Mounds View Home Itule CharLer, ChapLer 26 of Lite <br />t1unicipal Code, or applicable MinnesoLa Statutes. The Developer <br />herein agrees that in the event Lite Ci.Ly is compelled to enforce <br />any of Lite provisions of this contract by court action and judgment ' <br />is rendered in favor of the City, that all costs, disbursements <br />and reasonable attorney's fees will Ito paid by said Developer, its <br />heirs, Successors and assigns. <br />14. The Developer shall furnish Lo Lite City at Lite time of <br />Lite execution .of this Contract a cash bond, a corporaL-e surety bond, <br />an irrevocable letter of credit or any oLlu:r ncyoL-iable instrument <br />approved by the City Attorney, which the Developer agrees to keep in <br />full force and effect during the term of Lite obligaL-ion created <br />herein in the ;'mount of (901000' Ninety Thousand and <br />., /inn--------------------------------- Dollars, wherein the <br />-4- <br />