2018-10-24 CC Packet - Laserfiche WebLink

Home Browse Search

L The Developer may not assign this Agreement without the written permission of the City Council. The Developer's obligation hereunder shall continue in full force and effect even if the Developer sells one or more lots, the entire Plat, or any part of it. J. The Developer shall hold the City and its officers, employees, and agents harmless from claims or audits made by it and third parties for damages sustained or costs incurred resulting from Plat development. The Developer shall indemnify the City and its officers, employees, and agents for all costs, damages, or expenses that the City may pay or incur in consequence of such claims or audits, including attorneys' fees. K. Minimum Home Values. Developer has agreed to construct and sell homes on lots in the Plat with a minimum fair market value of $650,000 for the properties along the lake and $350,000 for the properties off the lake. Developer shall obtain permission from the City Council in order to sell properties for less than these minimum fair market values. L. Assumption Of The Risk. Developer accepts and understands that proceeding with construction before Final Plat approval could create risks that the Plans, through no fault of the Developer or City, could change at or before Final Plat approval. If the Development Plans were to change in a manner that result in extra work or cost to Developer, the Developer accepts that risk and assumes the liabilities associated with the risk of proceeding with work prior to Final Plat approval. M. No work, except grading as authorized under a separate grading permit, issued by the city, shall take place prior to Final Plat recording. 27. NOTICES. Required notices to the Developer shall be in writing, and shall be either hand delivered to the Developer, its employees or agents, or mailed to the Developer by certified mail at the following address: Version for Council Packet - 10/19/2018 Page 17 83