09-14-2020-R - Laserfiche WebLink

Home Browse Search

Engineering, City Administration Legal Expenses (Section 19) escrow $1000.00 Engineering Fee (section 19) Escrow $2,800.00 Total Cash Requirements $3,800.00 The City is implementing a pass through billing process. The $3,800.00 escrow will be held and all bills will be forwarded for immediate payment. If payments are not made in a timely fashion,the project will stop until payments are made. If said fees are less than estimated,the City shall reimburse the Developer within thirty(30) days of receipt of final invoices. 31. RESPONSIBILITY FOR COSTS. A. Except as otherwise specified herein,the Developer shall pay all costs incurred by it or the City in conjunction with the development of the plat,including but not limited to Soil and Water Conservation District charges,legal,planning,engineering and inspection expenses incurred in connection with approval and acceptance of the plat,the preparation of this Agreement,review of construction plans and documents, and all costs and expenses incurred by the City in monitoring and inspecting development of the plat. B. The Developer shall reimburse the City for reasonable costs incurred in the enforcement of this Agreement,including engineering and attorneys'fees. C. The Developer shall pay,or cause to be paid when due,and in any event before any penalty is attached,all special assessments referred to in this Agreement. This is an obligation of the Developer and shall continue in full force and effect even if the Developer sells one or more lots,the entire plat or property,or any part of it. D. The Developer shall pay in full all bills submitted to it by the City for obligations incurred under this Agreement within thirty(30)days after receipt. If the bills are not paid on time,the City may halt plat development and construction until the bills are paid in full. Bills not paid within thirty(30) days shall accrue interest at the rate of eighteen percent(18%)per year. 12 211449v2