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<br />12 <br />(03) No Replacement. This Agreement is in addition to and is not in replacement of the terms <br />and conditions of the Petition for Public Improvements and Waiver of Right to Public Hearing and <br />Right to Object relating to the Subdivision executed by Developer. <br />(04) Regulatory Compliance. The Developer represents to the City that the Subdivision complies <br />with all city, county, metropolitan, state, and federal laws and regulations, including but not limited <br />to: subdivision ordinances, zoning ordinances, and environmental regulations. If the City determines <br />that the plat does not comply, the City may, at its option, refuse to allow construction or <br />development work in the Subdivision until the Developer does comply. Upon the City’s demand, the <br />Developer shall cease work until there is compliance. <br />(05) Third Parties. Third parties shall have no recourse against the City under this Agreement. <br />(06) Breach. Breach of the terms of this Agreement by the Developer shall be grounds for denial <br />of building permits, including lots sold to third parties. <br />(07) Severability. If any portion, section, subsection, sentence, clause, paragraph, or phrase of <br />this Agreement is for any reason held invalid, such decision shall not affect the validity of the <br />remaining portion of this Agreement. <br />(08) Damage to Improvements. If building permits are issued prior to the acceptance of <br />Improvements, the Developer assumes all liability and costs resulting in delays in completion of <br />public Improvements and damage to Improvements caused by the City, Developer, its contractors, <br />subcontractors, material men, employees, agents, or third parties. No sewer and water connections <br />or inspections may be conducted and no one may occupy a building for which a building permit is <br />issued on either a temporary or permanent basis until the streets needed for access have been paved <br />with a bituminous surface, the utilities are completed, and the vegetation is established and accepted <br />by the City Engineer. <br />(09) Amendments. The action or inaction of the City shall not constitute a waiver or amendment <br />to the provisions of this Agreement. To be binding, amendments or waivers shall be in writing, <br />signed by the parties and approved by written resolution of the City Council. The City’s failure to <br />promptly take legal action to enforce this Agreement shall not be a waiver or release. <br />(10) Binding Contract. This Agreement shall run with the land and may be recorded against the <br />title to the property. The Developer covenants with the City, its successors and assigns, that the <br />Developer is well seized in fee title of the property being final platted and/or has obtained consents <br />to this Agreement, in the form attached hereto, from all parties who have an interest in the property; <br />that there are no unrecorded interests in the property being final platted; and that the Developer will <br />indemnify and hold the City harmless for any breach of the foregoing covenants. <br />(11) Insurance. The Developer and contractor shall acquire public liability and property damage <br />insurance covering personal injury, including death, and claims for property damage which may arise <br />out of the Developer’s work or the work of their subcontractors or by one directly or indirectly <br />employed by any of them. The insurance must be maintained until six (6) months after the City has <br />accepted the Improvements. Limits for bodily injury and death shall be not less than $500,000 for <br />one person and $1,000,000 for each occurrence; limits for property damage shall be not less than <br />$200,000 for each occurrence; or a combination single limit policy of $1,000,000 or more. The City <br />shall be named as an additional insured on the policy on a primary and noncontributory basis, and <br />the Developer and contractor shall file with the City a certificate evidencing coverage prior to the <br />City signing the plat. The certificate shall provide that the City must be given ten (10) days advance <br />written notice of the cancellation of the insurance.