RES 80-055 RESOLUTION AUTHORIZING THE MAYOR AND CITY MANAGER TO EXECUTE A DEVELOPMENT AGREEMENT

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1. Improvements by Developer. Developer agrees, at Developer's expense, to construct, install and perform all work and furnish all materials • and equipment in connection with the installation of the Improvements. Any contractor. selected by Developer to construct and install the Improvements or any part thereof shall first be approved in writing by the City. The City reserves the right to require evidence of competency, insurance and adequate financial status of any such contractor. 2. Standards of Construction. Developer-agrees that all of the Improvements shall equal or exceed City standards, shall be constructed and installed in accordance with engineering plans and specifications approved by the City Engineers and the requirements of applicable City ordinances, and that all of said work shall be subject to the inspection and approval of the City Engineers. 3. Materials and Labor. All of the materials to be employed in • the installation of the Improvements and all of the work performed in connection therewith shall be of uniformly good and workmanlike quality, shall equal or exceed City standards and specifications, and shall be subject to the inspection and approval of the City. In case any material or labor supplied shall be rejected. by the City as defective or unsuitable, then such rejected material shall be removed ar.' replaced with approved material, and rejected labor shall be done ane : to the reasonable satisfaction and approval of the City at the cost and expense of the Developer. ' 4. Schedule of Work. Developer further agrees that Developer shall commence work hereunder on or before -�'u ne- I 19 and shall have all work done and ,improvements fully completed to the satisfaction and approval of the City on or bef ore N n"r M P r . Developer shall submit a written schedule indicating the proposed progress -2-