Laserfiche WebLink
13 <br /> <br /> Section 6.2. City Maintained Improvements. Within thirty (30) days after the City's <br />written final acceptance of the Public Infrastructure Improvements lying within the public <br />easements or right-of-way, to occur upon acceptance of such improvements, (i) the initial bond <br />provided pursuant to Section 4.10 shall be released and (ii) a two-year warranty bond shall be <br />provided to the City by the Developer based on 25% of the final construction costs for the Public <br />Infrastructure Improvements identified in Attachment B unless waived 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, all in accordance <br />with the City Fee Schedule as adopted by the City Code. <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 /> <br /> All reimbursements from the City to Developer as set forth in this Agreement shall be made <br />administratively, when possible, so that Developer will not be required to seek further City Council <br />approval for such reimbursements. <br /> <br />ARTICLE IX <br /> <br /> Intentionally Deleted <br /> <br /> <br />ARTICLE X