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closing which occurs in violation of this paragraph. The City <br /> shall be authorized to retain an appropriate percentage of the <br /> financial guarantee referred to in paragraph 4 as security for <br /> payment of any liquidated damages owed to the City. <br /> b) Developer agrees to pay liquidated damages to <br /> the City, in the amount of Five Thousand Dollars ($5, 000 . 00) , if <br /> the Developer encroaches upon any City road right-of-way or <br /> utility easement without first obtaining a written permit from the <br /> City expressly authorizing said encroachment. The City shall be <br /> authorized to retain an appropriate percentage of the financial <br /> guarantee referred to in paragraph 4 as security for payment of <br /> any liquidated damages owed to the City. <br /> C) Snow Plowing. Developer agrees to pay a cash <br /> escrow to the City to cover the cost of snowplowing the roads <br /> within the plat, during the first snow season, before the roads <br /> are formally accepted by the City. Specifically, the City has <br /> determined that it costs $0 . 095 per lineal foot to plow roads <br /> during a snow season. Consequently, the Developer shall post a <br /> cash escrow with --the City in the amount of Three Hundred and <br /> 68/100 Dollars (i.e. , $0 . 095 x 3, 165 = $300 . 68) . Said escrow <br /> shall be considered to be part of the escrow referenced within <br /> Paragraph 4 of this Agreement, and the City may retain the <br /> appropriate percentage of that escrow until it is needed to pay <br /> Rev. 06/11/05 <br />