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<br />196456v5 <br /> <br /> D. The Developer shall pay in full all bills submitted to it by the City for obligations <br />incurred under this Agreement within thirty (30) days after receipt. If the bills are not paid on time, the City <br />may halt plat development and construction until the bills are paid in full. Bills not paid within thirty (30) <br />days shall accrue interest at the rate of eighteen percent (18%) per year. <br /> E. In addition to the charges herein and special assessments referred to herein, other <br />charges as required by City ordinance may be imposed such as, but not limited to, sewer access charges <br />("SAC"), water access charges, and building permit fees. <br /> 19. DEVELOPER’S DEFAULT. In the event of default by the Developer as to any of the <br />work to be performed by it hereunder, the City may, at its option, perform the work and the Developer shall <br />promptly reimburse the City for any expense incurred by the City, provided the Developer, except in an <br />emergency as determined by the City, is first given notice of the work in default, not less than forty-eight <br />(48) hours in advance. This Agreement is a license for the City to act, and it shall not be necessary for the <br />City to seek a Court order for permission to enter the land. When the City does any such work, the City <br />may, in addition to its other remedies, assess the cost in whole or in part. <br /> 20. MISCELLANEOUS. <br /> A. The Developer represents to the City that the plat complies with all city, county, <br />state, and federal laws and regulations, including but not limited to, subdivision ordinances, zoning <br />ordinances, and environmental regulations. If the City determines that the plat does not comply, the City <br />may, at its option, refuse to allow construction or development work in the plat until the Developer does <br />comply. Upon the City’s demand, the Developer shall cease work until there is compliance. <br /> B. This Agreement shall run with the land and may be recorded against the title to the <br />Subject Property. The Developer covenants with the City, its successors and assigns, that the Developer is <br />well seized in fee title of the property being final platted and/or has obtained consents to this Agreement, in <br />the form attached hereto, from all parties who have an interest in the Subject Property; that there are no <br />unrecorded interests in the property being final platted; and that the Developer will indemnify and hold the