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DEC 07' 98(MON"I 15:01 PR,NA. MY STEFFE TEL�61 7&0 177' R009 <br /> 6, Final Plat Apptroval. The City agrees to give final approval to the plat of the <br /> Subdivision upon execution and delivery of this Contract and of all required <br /> documentation, fees, and securities to set forth herein. <br /> 7. Incorporation by Reference. All approved plans, special provisions, pro posals, <br /> specifications, and contracts for the improvements furtushed and let pursuant to <br /> this Contract shall be and hereby are made a part of this and <br /> by reference as <br /> fully as if set out herein in full. <br /> S. Violation of Agreement. In the event that Developer violates any of the <br /> coverants and agreements contained in this Development Contract aid to be <br /> performed by the Developer, the City, at its option, in addition to the rights acrd <br /> remedies as set forth hereunder may refuse to issue building permits to any <br /> property within the plat until such time as such default has been corrected to the <br /> satisfaction of the City. <br /> 9. Park Dedication, The parties mutually recognize and agree that park dedicatiors <br /> requirements as provided in the City Code shall be satisfied by cash payment of <br /> 525,000 calculated at $5,000 per lot multiplied by 5 lots. <br /> 10. Stone Water Fees, The stonnwater fee shall be paid by the Developer prier 10 <br /> approval of the final plat. This fee is 52,188, based on a charge of 5.01546 per <br /> square foot of 3.25 acres of platted area. <br /> 11. Liability Insurance Requirement. The Developer shall provide to the City, at the <br /> Developer's expense, general public liability and property datnage insurance <br /> including vehicle coverage protecting the City and the Developer from all claims <br /> for personal injury, including death, and all claims for construction of or damage <br /> to property, arising out of or in connection with any operations under these <br /> contract documents, whether such operations be by the Developer, its contractor, <br /> or by any subcontractor, or anyone directly or indirectly employed by the <br /> contactor or by a subcontractor under it. Insurance shall be written with a limit <br /> of liability oCnot less than $600,000 for all damages arising out of bodily injury <br /> including death, at any time resulting therefrom, sustained by any one person in <br /> any one accident: and a limit of liability of not leas than $1,000,000 for any such <br /> damage sustained by two or more persons in any one accident. Insurance shall be <br /> written with a limit of liability of not less than $300.000 for all property damage <br /> sustained by one person in any one accident, and a limit of liability of not less <br /> than $700,000 for any such damage sustained by two or more persons in any one <br /> accident. The insurance policies shall accampaay the contract for its execution by <br /> the Developer and the City of Centerville. The above insurance policies shall be <br /> in Full force and effect during the life of this Contract. The City, City Engineer, <br /> and Developer's engineer shall he an additional named insured in any such policy <br /> or policies. <br /> 8 <br />