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Excavation License <br />VL COSTS <br />Page 4 <br />Licensee shall reimburse the City for all costs incurred in the approval, administration, <br />and enforcement of this License, including consultant and attorney's fees. <br />VIL SUSPENSION OR REVOCATION <br />The City Council may suspend or revoke this License pursuant to the procedures and <br />standards set forth in Section 42-31 of the City Code. <br />VIIL INDEMNIFICATION OF CITY <br />Licensee shall defend and hold the City, its officers, and employees harmless froin all <br />claims made by third parties for damages sustained or costs incurred resulting form <br />excavation operations or other activities on the Property. <br />IX. SURETYBOND <br />This License is not effective until the Licensee has posted a surety bond with a surety <br />acceptable to the City, or a cash escrow, in the sum of $N/ A. This amount shall be <br />conditioned to pay the City the extraordinary cost and expense of repairing, from time <br />to time, any highways, streets, or other public ways where such repair work is made <br />necessary by the special burden resulting from hauling and travel removing material <br />from any pit or eXcavation of Licensee and conducting this year's required rehabilitation <br />as per the yearly reclamation plan. This amount shall be conditioned further upon <br />Licensee's compliance with all the requirements of the Mineral Excavation Ordinance <br />and of this License and to pay any expense the City may incur by reason of doing <br />anything required to be done by the Licensee. The bond or cash escrow shall remain in <br />full force and effect for a minimum period of one (1) year after expiration of this License <br />to guarantee the required rehabilitation as well as the other requirements herein provided. <br />Suzanne M. Fischer <br />Environmental Services/Special Projects Director <br />Mayor John Dieta <br />Cityof Elk River Mayor <br />6.20.2023 <br />Dated <br />6.20.2023 <br />Dated <br />