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13 <br />maintenance agreement and Maintenance Plan for all storm water facilities and wetland mitigation <br />areas. <br /> <br />ARTICLE VI <br /> <br />Performance Guarantees <br /> <br /> Section 6.1. Developer’s Improvements. The Developer will fully and faithfully comply <br />with all terms and conditions of any and all contracts entered into by the Developer for the installation <br />and construction of all Developer’s Improvements identified in Parts A and B of Article IV. <br />Developer guarantees workmanship and materials. <br /> <br /> Section 6.2. City Maintained Improvements. Upon the City's written final acceptance <br />of the City maintained improvements lying within the public easements or right-of-way, to occur <br />upon acceptance of such improvements, a two-year warranty bond shall be provided to the City by <br />the Developer based on 25% of the final construction costs for Developer’s Improvements <br />identified in Part B of Article IV unless otherwise directed by the City Engineer. <br /> <br />ARTICLE VII <br /> <br /> Recording And Release <br /> <br /> The Developer agrees that the terms of this Agreement shall be a covenant on the Property. <br />The Developer agrees that the City shall have the right to record a copy of this Agreement with the <br />Ramsey County Recorder to give notice to future owners. This shall be recorded against the Property <br />described on Exhibit A attached hereto. <br /> <br /> ARTICLE VIII <br /> <br /> Reimbursement Of Costs <br /> <br /> The Developer agrees to fully reimburse the City for all costs incurred by the City in <br />connection with this Agreement including, but not limited to, the actual costs of preparation of the <br />plans and specifications for said improvements, engineering fees, legal fees, inspection fees, interest <br />costs, costs of acquisition of necessary easements, if any, and any other costs incurred by the City <br />relating to this Agreement and the installation of the aforementioned improvements. <br /> <br /> Furthermore, the Developer agrees to deposit with the City such sums reasonably required <br />by the City and relating to the costs described in the preceding paragraph. The amounts of such <br />deposits shall be as shown in the City Fee Schedule as adopted by City Code. Said amount shall <br />bear no interest and the City shall have the right to pay all fees and expenses and costs which are <br />the obligations of the Developer under this Agreement from the aforementioned escrow deposit. <br />Any monies remaining after the payment of said fees and costs shall be returned to the Developer. <br />Any disputes regarding said fees shall be resolved in accordance with Minnesota Statutes §§ <br />462.353 and 462.361. <br />