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<br />., <br /> <br />written with a limit of liability of not less than $300,000 for all property damage <br />sustained by one person in anyone accident, and a limit of liability of not less <br />thun $700,000 for any such damage sustained by two or more persons in anyone <br />accident. The insurance policies shall accompany the contract for its execution by <br />the Developer and the City of Centerville. The above insurance policies shall <br />remain in full f')1"ce and effect at all times during the process of constructing all <br />improvements set forth herein, ,md until six (6) months aller city acceptance of <br />the Private Improvements and completion of the Street and Utility Improvements. <br />The City, City Engineer, and Developer's engincer shall bc an additional named <br />insured in any such policy or policies. <br /> <br />IN WITNESS WHEREOF, City and Developer have signed this Development Agreement the <br />day and year tlrst written above. <br /> <br />CITY: <br /> <br />DEVELOPER: <br /> <br />CITY OF CENTER V[LLE <br /> <br />GROUND DEVELOPMENT, iNC. <br /> <br />By:_ <br /> <br />Mayor <br /> <br />By:__ <br />Its: President <br /> <br />ATTEST: <br /> <br />By: <br /> <br />City Clerk <br /> <br />STATE OF MINNESOTA) <br />) ss <br />COUNTY OF ) <br /> <br />The t,]regoing instrument was acknowledged before me this _~ day of <br />20___. by the Mayor of the City of CenterviUe, a municipal <br />corporation under the laws of the State of Minnesota, on behalf of the City. <br /> <br />Notary Public <br /> <br />9 <br />