12-08-25-R - Laserfiche WebLink

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public improvements and damage to public improvements caused by Developer, its contractors, subcontractors, material men, employees, agents, or third parties. No sewer and water connection permits may be issued and no one may occupy a building for which a building permit is issued on either a temporary or permanent basis until the utilities are accepted by the City Engineer in writing. J. The Developer will pay in full all invoices for costs required to be paid by Developer hereunder that are submitted to it by the City within sixty (60) days after receipt which reasonably evidence those costs incurred in the drafting, enforcement and supervision of this Agreement, including reasonable engineering, planning, and attorney's fees. If the invoices are not paid on time, the City may halt all development work until the invoices are paid in full. Invoices not paid within sixty (60) days shall be subject to an eight percent (8%) per annum interest charge. 30. SUCCESSORS AND ASSIGNS. The Developer may not assign this Agreement without the written permission of the City Council; provided, however, the Developer may collaterally assign its interest in the Agreement to a lender providing financing to Developer. This Agreement shall be binding upon and inure to the benefit of the parties and their respected successors and assigns, including without limitation, any and all future and present owners, tenants, occupants, licensee, mortgagee and any other parties with any interest in the Development Property. Should the Developer convey the Development Property to a third party, the City and Developer's successor in interest may amend the Development or this Agreement, with City approval. Private agreements between the Developer and any third party related to matters necessary for the efficient use of the Development Property shall be the responsibility of the Developer and shall not bind or restrict City authority in any way.. 19