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<br />Excavation License Page 8 <br /> <br /> <br />VIII. INDEMNIFICATION OF CITY <br /> <br />Licensee shall defend and hold the City, its officers, and employees harmless from <br />all claims made by third parties for damages sustained or costs incurred resulting <br />from excavation operations or other activities on the Property. <br /> <br />IX. SURETY BOND <br /> <br />This License is not effective until the Licensee has posted a surety bond with a <br />surety acceptable to the City, or a cash escrow, in the sum of $N/A. This amount <br />shall be conditioned to pay the City the extraordinary cost and expense of <br />repairing, from time to time, any highways, streets, or other public ways where <br />such repair work is made necessary by the special burden resulting from hauling <br />and travel removing material from any pit or excavation of Licensee and <br />conducting this year's required rehabilitation as per the yearly reclamation plan. <br />This amount shall be conditioned further upon Licensee's compliance with all the <br />requirements of the Mineral Excavation Ordinance and of this License and to pay <br />any expense the City may incur by reason of doing anything required to be done <br />by the Licensee. The bond or cash escrow shall remain in full force and effect for <br />a minimum period of one (1) year after expiration of this License to guarantee the <br />required rehabilitation as well as the other requirements herein provided. <br /> <br /> <br /> <br /> <br /> <br /> <br />Suzanne M. Fischer <br />Dated <br />Environmental Services/Special Projects <br />Director <br /> <br /> <br /> <br /> <br />Dated <br />Mayor John Dietz <br />City of Elk River Mayor <br /> <br />