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the City in the processing, review and evaluation.of: the proposed <br />development• and in the inspection of all work performed pursuant � <br />to said contract. Such costs shall include but not be limited to` <br />the administrative, legal, and engineering expenses incurred herein, <br />and such other expenses as authorized by said Chapter. <br />13. Developer agrees that the City can terminate development <br />of'thedevelopment 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 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 Agreement, th¢ 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 Dome 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 of Elie 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 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 otlier negotiable instrument <br />approved by the City Attorney, which Elie Developer. agrees to keep in <br />full force and effect during the term of the obligation created <br />herein in the amount of $50,000 (fifty thousand) <br />Dollars, wherein the <br />-4- <br />1 <br />