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by the parties and approved by written resolution of the Cit�- CounciL The City's failure to promptly <br />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 />De�=eloper is well seized in fee title of the property being final platted and/or has obtained consents to <br />this Agreement, in the form attached hereto, from all parties who have an interest in the property; that <br />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 propert�- 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. L.imits for bodily injury and death shall be not less than $500,000 for one <br />person and �1,000,000 for each occurrence; limits for property damage shall be not less than �200,000 <br />for each occurrence; or a combination single limit policy of �1,000,000 or more. The City shall be <br />named as an additional insured on the policy on a primary and noncontributory basis, and the <br />Developer and contractor shall file with the City a certificate evidencing co�=erage prior to the City <br />signing the plat The certificate shall provide that the Cit�r must be given ten (10) days advance written <br />notice of the cancellation of the insurance. <br />(12) No Waiver. Each right, power or remedy herein conferred upon the Cin� is cumulative and in <br />addition to every other right, power or remedy, express or implied, now or hereafter arising, available <br />to City, at law or in equity, or under any other agreement, and each and every right, power and remedy <br />herein set forth or otherwise so e�isting may be exercised from time to time as often and in such order <br />as may be deemed expedient by the City and shall not be a waiver of the right to exercise at any time <br />thereafter any other right, power or remedy. <br />Assignment The De�=eloper may not assign this Agreement without the written permission of the City <br />Council. The Developer's obligation hereunder shall continue in full force and effect even if the <br />Developer sells one or more lots, the entire plat, or any part of it. <br />19. Notices. All notices and demands specified herein shall be deemed appropriately and timely <br />given when deli�Tered personally or deposited in the United States mail to the addresses hereinafter set <br />forth by certified mail (return receipt requested). The addresses of the parties hereto are as follows until <br />changed by written notice given as above: <br />If to the City at City of E1k River <br />Attn: City Administrator <br />13065 Orono Parkway <br />E1k River, Minnesota 55330 <br />If to the Developer at: BK Land Development <br />Attn: Zach Brown <br />13311 Arrowood Ln N <br />Dayton, M�i 55327 <br />12 <br />