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<br />7. Incorporation by Reference. All approved plans, special provisions, proposals, <br />specifications, and contracts for the improvements furnished and let pursuant <br />to this Contract shall be and hereby are made a part of this Contract by <br />reference as fully as if set out herein in full. <br /> <br />8. Violation of Agreement. In the event that Developer violates any of the <br />covenants and agreements contained in tQis Development Contract and to be <br />performed by the Developer, the City, at its option, in addition to the rights <br />and remedies as set forth hereunder may refuse to issue building permits to any <br />property within the plat until such time as such default has been corrected to <br />the satisfaction of the City. <br /> <br />9. Park Dedication. The parties mutually recognize and agree that park <br />dedications requirements as provided in the City Code shall be satisfied by cash <br />payment of $74,000 calculated at $2,000 per lot multiplied by 37 lots. <br /> <br />10. Storm Water Fees. The storm water fee shall be paid by the Developer prior <br />to approval of the final plat. This fee is $14,950, based on a charge of$.01546 <br />per square foot of 22.2 acres of platted area. <br /> <br />11. Liability Insurance Requirement. The Developer shall provide to the City, at <br />the Developer's expense, general public liability and property damage <br />insurance including vehicle coverage protecting the City and the Developer <br />from all claims for personal injury, including death, and all claims for <br />construction of or damage to property, arising out of or in connection with <br />any operations under these contract documents, whether such operations be <br />by the Developer, its contractor, or by any subcontractor, or anyone directly or <br />indirectly employed by the contractor or by a subcontractor under it. <br />Insurance shall be written with a limit of liability of not less than $600,000 for <br />all damages arising out of bodily injury including death, at any time resulting <br />therefrom, sustained by anyone person in anyone accident; and a limit of <br />liability of not less than $1,000,000 for any such damage sustained by two or <br />more persons in anyone accident. Insurance shall be written with a limit of <br />liability of not less than $300,000 for all property damage sustained by one <br />person in anyone accident, and a limit ofliability of not less than $700,000 for <br />any such damage sustained by two or more persons in anyone accident. The <br />insurance policies shall accompany the contract for its execution by the <br />Developer and the City of CenterviIle. 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 <br />Improvements. The City, City Engineer, and Developer's engineer shall be an <br />additional named insured in any such policy or policies. <br /> <br />8 <br />