Laserfiche WebLink
• Landscaping and tree planting shall be authorized and required as shown on the Plans, <br /> B. The Developer shall submit the Site construction documents in electronic format. The electronic <br /> format shall be Autocad file. <br /> 22. SUMMARY OF SECURITY REQUIREMENTS. To guarantee compliance with the terms of this Agreement, <br /> payment of the costs of related to SAC, WAC and the Landscaping Plan, the Developer shall furnish the City with a <br /> letter of credit, in a form reasonably acceptable to the City,from an FDIC insured bank("Security')for$62,500. The <br /> bank shall be subject to the approval of the City Administrator. The City may draw down the Security, upon thirty (30) <br /> business days prior written notice to the Developer for any violation of the terms of this Agreement. Amounts drawn shall not <br /> exceed the amounts necessary to cure to the default. If the required Improvements are not completed at least thirty (30) days <br /> prior to the expiration of the Security, the City may also draw it down. If the Security is drawn down, the proceeds shall be <br /> used to cure the default. Upon receipt of proof satisfactory to the City that Improvements have been completed and financial <br /> obligations to the City have been satisfied and subject to Section 19,with City approval the Security may be reduced from time <br /> to time by ninety percent(90%)of the financial obligations that have been satisfied. At least,ten percent(10%)of the amounts <br /> certified by the Developer's representative shall be retained as Security until all Improvements have been completed, all <br /> financial obligations to the City satisfied,the required "as constructed"site plans have been received by the City,and the public <br /> I <br /> Improvements are accepted by the City Council. The City standard specifications for utilities and street construction outline <br /> i <br /> procedures for Security reductions. <br /> 23. Intentionally Omitted. <br /> 24. RESPONSIBILITY FOR COSTS. <br /> A. Except as otherwise specified herein, the Developer shall pay all reasonable costs incurred by it or <br /> the City in conjunction with the development of the Site. The City will provide monthly invoices to the <br /> Developer for any costs incurred by the City. <br /> B. The Developer shall hold the City and its officers, employees,and agents harmless from claims made <br /> by itself and third parties for damages sustained or costs incurred resulting from Developer's or its agents' <br /> negligent actions.The Developer shall indemnify the City and its officers,employees, and agents for all costs, <br />