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8. Securitv. To guarantee compliance with the terms of this Agreement, payment of the costs of all improvements described herein and construction of all described improvements, the DEVELOPER shall furnish a letter of credit for $409,998 in a form to be approved by the CITY. The amount of the letter of credit shall cover at least the following installations: Public Water Main Public Storm Sewer Facilities Private Sanitary Sewer Facilitates Public Street Improvements Private Water Services Public Sidewalks 9. Time of Performance. Subject to force majeure, the DEVELOPER shall install all required improvements enumerated herein which will serve the plat by October l, 2005. Subject to force majeure, wear course of asphalt and all landscape and restoration shall be installed by October l, 2005. The DEVELOPER may, however, forward a request for an extension of time to the CITY. If an e�tension is granted, it shall be conditioned upon updating the security posted by the DEVELOPER to reflect cost increases and the e�tended completion date. 10. License. The DEVELOPER hereby grants the CITY, its agents, employees, officers and contractors a license to enter the PLAT to perform all work and inspections deemed appropriate by the CITY during development of the plat. The license shall expire after the PLAT has been developed. 11. Clean-un. The DEVELOPER shall periodically and promptly clean dirt and debris from streets that is the result of construction work by the DEVELOPER, its agents or assigns. The CITY will inspect the site on a weekly basis and determine whether it is necessary to take additional measures to clean dirt and debris from the streets. The CITY may complete, or contract to complete, the street clean-up at the DEVELOPER's expense (as per the conditions under Paragraph 15) if the DEVELOPER fails to take additional steps to clean the streets within 24 hours of receiving verbal notice of the need to do so. This provision is not withstanding the default provisions contained in Paragraph 18. 12. Ownership of Imiprovements. Upon acceptance by the CITY of the work and construction required of DEVELOPER under this Contract, all improvements lying within public rights-of-way and easements shall become CITY property without further notice or action. 13. Maintenance Agreement. The site contains CITY easements for sanitary sewer, storm sewer, and water main trunk lines. It shall be the responsibility of the land owner to keep these easement areas free and clear of items that would inhibit access on the easement. This includes but is not limited to structures and landscape materials. Maintenance of all underground amenities within the CITY right-of-way, within dedicated easements, and in common open areas will be the responsibility of the DEVELOPER or private utility company that installed them.