2021-08-25 CC Packet - Laserfiche WebLink

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property damage which may arise out of Developer's work or the work of its subcontractors or by one directly or indirectly employed by any of them. Limits for bodily injury and death shall be not less than $500,000 for one person and $1,000,000 for each occurrence; limits for property damage shall be not less than $200,000.00 for each occurrence; or a combination single limit policy of $1,000,000 or more. The City shall be named as an additional insured on the policy, and the Developer shall file with the City a certificate evidencing coverage prior to the City approving this Development Agreement. The certificate shall provide that the City must be given ten (10) days advance written notice of the cancellation of the insurance. The certificate of insurance shall substantially comply with the form attached hereto as Exhibit C. 25. BLOCK 1 — SPECIAL ISSUES. A. STREET A. The City approved the Preliminary Plat with a dedicated street between 20th Avenue North and 21st Avenue North. At the time of Plat approved, the City approved development plans for construction of this street from 21St Avenue North and ending in a cul-de-sac on Block 1, Lot 2. The parties hereto acknowledge that at the time of future sale and development of Outlots A or B, a determination shall be made regarding the necessity of extending Michaud Way westerly as a thru street to 20th Avenue North, if such extension is supported by a traffic study. If a traffic study supports the need for the extension of Michaud Way, the extension, and all associated modifications to the county road shall be required at no cost to the City. B. TORRENS PROPERTY. The City approved the Preliminary Plat subject to a condition that the Final Plat would only contain land where Title was registered as Torrens property. At the time of Preliminary and Final Plat approval, Block 1, Lot 1, was registered as a Torrens parcel and Block 1, Lot IA, was Version 08/20/2021 for Council packet Page 16