Laserfiche WebLink
3. Developer agrees to do said work in a good and workmanlike manner <br />in accordance with the specifications Of City as established by the City Engineer <br />and Department of Community Services of city, to grade each lot so as to provide <br />a satisfactory building site and proper drainage, to pay City its actual costs <br />of its engineering and inspection services to be rendered herein, and to complete <br />said work in a good and workmanlike manner to the satisfaction of the City <br />Engineer of City on or before final Of imProvements. Developer further agrees <br />to pay All costs of said work within thirty (30) days after said costs became <br />due. <br />4. Said work shall not be deemed completed until approved and accepted <br />as completed by the City Council of City. <br />5. Developer agrees concurrently with the execution of this agreement, <br />and as part of the consideration therefore, to furnish City with a satisfactory <br />faithful performance surety bond of a surety company acceptable to City in the <br />amount of $ 109,561 and a laborer and materialman's bond issued <br />by the same company in the amount of $ 54,780-50 , by which surety <br />bonds said surety company obligates itself to complete said work and pay all <br />costs therefor, including those provided for in Paragraph 6 hereof, in the event <br />Developer fails to do so within the time hereinbefore specified, or in lieu <br />thereof an acceptable Letter of Credit. <br />6. Should it be necessary for the City Attorney to perform any legal <br />service to ' enforce the terms of this agreement, including but not limited to <br />filing suit, City shall recover, in addition to all other relief, its attorneys' <br />fees and court costs in an amount to be fixed by the court. <br />7. Developer shall deposit with City, concurrently with the execution of <br />this agreement, cash in the amount of $ 3F194_23 , the estimated <br />�Ost Of the City's ang:�neering and inspection services, applicable fees, and the <br />waterials to be providbd Deqelo-rer by City. Any part af said deposit remaining <br />upon acceptance of said (evelopment shall be returned to Developer. Any further <br />amounts due City for said services or materials shall be paid to City by Developer <br />prior to the acceptance of said development. <br />8. Developer agrees to dedicate to City any and all off-site public <br />utility casements deemed necessary by City to adequately serve the development. <br />-2- <br />