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<br />t. ,~ t' <br /> <br />. <br /> <br />LakeIand Hills <br />Development Agreement <br /> <br />ClTY'S COpy <br />FINAL January 5, 1998 <br /> <br />4. IncOJ:poration by Reference. All plans, special provisions, proposals, specifications, <br />and contracts for the improvements furnished and let pursuant t() thIs" Agreement <br />shall be and hereby are made a part of this agreement by reference as fully. as if set <br />out herein in full. <br /> <br />L. VIOLATION OF AGIUtlj~MJitNT In the event that Developer violates any of the <br />covenants and agreements contained in this Development Co~ and to be performed <br />by the Developer, the City, at its option, in additi01,l to the rights and remedies as set out <br />hereunder may refuse to issue building' permits to any property within the plat until such <br />time as such default has been corrected to the satisfactio:Q. of the City. . <br /> <br />M. PARK DEDICATION The Developer agrees to provide park dedication to the City in . <br />the form of a cash payment of $30,000 calculated at $750 per lot multiplied by .40 lots. <br /> <br />N. ~~lT~ D~n~ATION. ~ trajldedi~on~~ ~b~.~aiyed.in lieu ~~~.~'!.!4~::::.\....;,:.':'~:/,.':.:;,...; <br />paying the full cost ofcoristrU.ction of the conerete sidew~ and ~ituttJ.in.ous trall.sb.o.,....:.'. ..:;;....;;~:: .:: <br />on.the plans; . . . . . . , <br /> <br />o. SToRMW ATER FEES The ston:D.water fee shall be' paid by the Developer prior to <br />approval of the final plat. This fee is $22,829.53, based on a charge of $0.01546 per <br />square foot of 33.9 acres of platted 'area. <br /> <br />Q FlJTURE W A TERM;'IN S]'EL'lSI0N FEE . The Developer agxees.to pay a fee in the <br />. sum of $50,000 to be depo$ited into the City of Centerville Water Fund for use in the <br />~ . construction of a project that would benefit Lakeland Hills. The City of Centerville <br />'IF' reserves the right to use the fee at any time in the future for this project, and is under no <br />obligation to complete ~ project within any time constraint. <br /> <br />Q. T,TA.RlT.JTY INSURANCE REQTJTREMENT. The Developer shall provide to the <br />City, at the Developer's expe~, general public liability and property d3.mage insurance <br />'including vehicle coverage protecting the City aDd the Developer' from all claims for <br />personal injury, including death, and all claims for construction of or damage to <br />prope~, arising out of or in co~on with any operations under these. contract <br />documents, whether such operations be by the Dev~loper, its. Contractor, or by any <br />subcontractor, or anyone. directly or indirectly employed by the' Contractor or by a . <br />subcontractor under him. Insurance shall be written with a limit of liability of not less <br />than $600,000 for all datnaees arising out of bQdily injury including death, at any time. <br />resulting therefrom, sustained by any on,e person in any one accident; and a limit of <br />liability of not less than $1,000,000 for any such damage SUstained by tWo or more <br />persons in anyone acCident. Insurance shall be written with a limit of liability of not less <br />than $300,000 for all property damaee sustained by one. person in any one accident, and a. <br />limit of liability of not l~s than $600,000 for any such damage sustained by tWo or more <br />persons ~ anyone accident. .The insurance policies shall accompany thecontr3:ct for its <br /> <br />2601083-l904.feb <br /> <br />Page 9 <br />