2021-09-22 CC Packet - Laserfiche WebLink

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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.MISCELLANEOUS. A. of this Agreement between the Partiesand any subsequent amendments or codicilsto same. B.Third parties shall have no recourse against the City under this Agreement. C.Upon a breach of this Agreement, and the breach has not been remedied within the applicable notice period, breach of the terms of this Agreement shall be grounds for denial of building permits,future phases of development, certification of occupancy,future planning or zoning applications, plats, or development contracts by or with Developer, assignees, owners of parcels within the Plat, or any party subject to this Agreement. D.If any portion, section, subsection, sentence, clause, paragraph, or phrase of this Agreement is for any reason held invalid, such decision shall not affect the validity of the remaining portion of this Agreement. E.If building permits are issued prior to the completion and acceptance of Public Improvements, the Developer assumes all liability and costs resulting in delays in completion of Public Improvements and damage to Public Improvements caused by theDeveloper, its contractors, subcontractors, materialmen, employees, agents, or third parties. No sewer and water connection permits may be issued and no one may occupy aunit or building for which a building permit is issued on atemporary or permanent basis until the streets needed for access are in a Version 09/17/2021 Page 15