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RES 80-055 RESOLUTION AUTHORIZING THE MAYOR AND CITY MANAGER TO EXECUTE A DEVELOPMENT AGREEMENT
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RES 80-055 RESOLUTION AUTHORIZING THE MAYOR AND CITY MANAGER TO EXECUTE A DEVELOPMENT AGREEMENT
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12/30/2015 7:11:53 PM
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23
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RES 1980
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RES 80-055 RESOLUTION AUTHORIZING THE MAYOR AND CITY MANAGER TO EXECUTE A DEVELOPMENT AGREEMENT
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and order of completion:of the work covered by this agreement, which schedule <br /> shall be considered a part of this agreement. Upon receipt of written notice <br /> • from Developer of the existence of causes over which Developer has no control <br /> and which will delay the completion :of the work, the City, in the reasonable <br /> exercise of its discretion,' may by wri-�ten amendment hereof, extend the date <br /> hereinbefore speci`.ied for completion. <br /> 5. Plans and Specifications. <br /> a. Developer agrees to cause Developer's engineers to <br /> prepare all plans and specifications necessary for <br /> the installation of the Improvements. All plans and <br /> specifications shall be subject to the final approval <br /> of the City Engineers. <br /> b. Upon completion of construction, Developer shall cause <br /> Developer's engineers to prepare and file with the City <br /> • an as built" plan showing the installation of the <br /> Improvements. <br /> 6. Reimbursement of Costs. Developer shall reimburse .the City for <br /> all actual costs of engineering and legal fees billed to, and paid by, <br /> the City in connection with the preparation, administration and enforcement. <br /> of this agreement and the performance of this agreement by Developer. <br /> At the time of release by the City of the performance bond, or alternate security, <br /> required under paragraph 8, the actual amount of 'the costs under this paragraph <br /> shall be determined by the City Clerk and any amount due by the Developer <br /> to the City for reimbursement of the costs shall be paid prior to release <br /> of the bond or other security. The bond or other security required under <br /> paragraph-8 shall secure Developer's obligations under this paragraph. If , <br /> the amount paid by Developer exceeds the actual costs to the City, the excess <br /> shall be refunded to Developer. <br /> -3- <br />
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