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Excavation License <br />Page 3 <br />B. Gravel Area Studv and Plan. Licensee shall also comply with such additional <br />conditions as are necessary to bring the eXcavation operations authorized by this <br />License and the Property into compliance with the findings and conclusions of the <br />gravel area study and plan to be implemented by the City. <br />IV. EXPIRATION AND RENEWAL <br />This Excavation License shall eXpire on July 1, 2024, as provided by Section 42-56 of <br />the City Code. Application for renewal of this License may be made to the City <br />Council in the form required by the Mineral Excavation Ordinance. Issuance of this <br />License does not guarantee renewal or eXtension thereo£ Renewal or extension of this <br />License shall be at the sole discretion of the City council upon its review of the <br />application for renewal. <br />V. EXCAVATION LICENSEFEE <br />Licensee shall promptly pay the License Application Fee and annual license fees <br />required by Section 42-54 of the City Code, in the amount of �425.00. This license fee <br />is not in lieu of the gravel tax collected by the county, a portion of which the City <br />receives. <br />VL COSTS <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 from all <br />claims made by third parties for damages sustained or costs incurred resulting from <br />excavation operations or other activities on the Property. <br />IX. SURETY BOND <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 <br />