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<br />9. Park Dedication. The parties mutually recognize and agree that park dedication <br />requirements as provided in the City Code. shall be satisfied by cash payment of <br />$8;4.000 calculated at $3.000.00 per lot multiplied by 28 lots. <br /> <br />10. Storm Water Fees. The storm water fee shall be paid by the Developer prior to <br />approval of the final plat. This fee is $9.569.55. based on a charge of $.01546 <br />per square foot of 14.21 acres of platted area. <br /> <br />11. Liability Insurance Requirement. The Developer shall provide to the City, at the <br />Developer's expense, general public liability and property damage 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 />contractor .or by a subcontractor under it. Insurance shall be written with a limit <br />of liability of not less than $600,000 for all damages arising out of bodily injury <br />including death, at any time resulting therefrom, sustained by anyone person in <br />anyone accident; and a limit of liability of not less than $1,000,000 for any such <br />damage sustained by two or more persons in anyone 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 anyone accident, and a limit of liability of not less <br />than $700,000 for any such damage sustained by two or more persons in anyone <br />accident. The insurance policies shall accompany the contract for its execution by <br />the Developer and the City of Centerville. The above insurance policies shall <br />remain in full force and effect at all times during the process of constructing all <br />improvements set forth herein, and until six (6) months after city acceptance of <br />the Private Improvements and completion of the Street and Utility Improvements. <br />The City, City Engineer, and Developer's engineer shall be an additional named <br />insured in any such policy or policies. <br /> <br />.IN WITNESS WHEREOF, City and Developer have signed this Development Agreement the <br />day and year first written above. <br /> <br />CITY: <br /> <br />DEVELOPER: <br /> <br />CITY OF CENTERVILLE <br /> <br />By: <br /> <br />Mayor <br /> <br />By: <br />Its: <br /> <br />ATTEST: <br /> <br />9 <br />