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Agenda Packets - 1987/05/26
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Agenda Packets - 1987/05/26
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4/28/2025 11:48:37 AM
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4/28/2025 11:48:37 AM
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MV Commission Documents
Commission Name
City Council
Commission Doc Type
Agenda Packets
MEETINGDATE
5/26/1987
Description
Regular Meeting
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the City in the procoss.ing, review 11A evaluation or the proposed <br />development and in the inspection of all work perrormed pursuanl• ^ <br />to said contract. Such costs shnil i.nrlude but not be limited to <br />the administrative, legal, and engi.necring expnnses incurred herein, <br />and such ol.hrr expenses as authorized by said Chapter. <br />13. Developer agrees that the City can terminate developmenL <br />or thodevel.opment site or the construction of any bnilding struc- <br />tures thereon if .in Idle City Counci.l's opinion the terms of this <br />DevelopmenL Contract have not been conr.ormed to by the developer <br />and the said Devel.opnr herein agrees to tense construction and <br />waives i H right of recourse, claim, suit or action against the <br />City. In addition, in the event the Developer fails to conform to <br />the condil:i.ons of this Agreement, the City shall be entitled to <br />enforce it pursuant to the terms of: this contract and/or the provi- <br />sions of the Mounds view Ilome 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 />any or the provisions or this contract by court action and judgment <br />is rendered in favor of the City, Lhat all costs, disbursements <br />and reasonable attorney's fees will be paid by said Developer, its <br />heirs, successors and assigns. <br />1.4. The Developer shai.l furnish to I:he City at I:he Lime of <br />the execution of this Contract a casli bond, a corporate surety bond, <br />an irrevocable lel.ter of credit or nny other negotiablo instrument <br />approved by the City Attorney, which I:he Developer agrees to keep in <br />full force and effect during the term Or the ohl.igation crenled <br />herein in the nmount of <br />-4- <br />Dollars, wherein Lhe <br />
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