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<br />229446v1 <br />4476897.v2 <br />Contract, review of construction plans and documents, and all costs and expenses incurred by the <br />City in monitoring and inspecting development of the plat. <br />B. The Developer shall hold the City and its officers, employees, and agents harmless from claims <br />made by itself and third parties for damages sustained or costs incurred resulting from plat approval <br />and development. The Developer shall indemnify the City and its officers, employees, and agents <br />for all costs, damages, or expenses which the City may pay or incur in consequence of such claims, <br />including attorneys' fees. <br />C. The Developer shall reimburse the City for costs incurred in the enforcement of this Contract, <br />including engineering and reasonable attorneys' fees. <br />D. The Developer shall pay, or cause to be paid when due, and in any event before any penalty is <br />attached, all special assessments referred to in this Contract. This is a personal obligation of the <br />Developer and shall continue in full force and effect even if the Developer sells one or more lots, <br />the entire plat, or any part of it. <br />E. The Developer shall pay in full all bills submitted to it by the City for obligations incurred under this <br />Contract within thirty (30) days after receipt. If the bills are not paid on time, the City may halt plat <br />development and construction until the bills are paid in full. Bills not paid within thirty (30) days <br />shall accrue interest at the rate of eighteen percent (18%) per year. Additionally, the Developer <br />shall pay in full all bills submitted to it by the City prior to any reductions in the security for the <br />development. <br />F. In addition to the charges and special assessments referred to herein, other charges and special <br />assessments may be imposed such as but not limited to sewer availability charges ("SAC"), City <br />sewer connection charges, and building permit fees. <br /> 27. DEVELOPER’S DEFAULT. In the event of default by the Developer as to any of the work to <br />be performed by it hereunder, the City may, at its option, perform the work and the Developer shall promptly <br />reimburse the City for any expense incurred by the City, provided the Developer, except in an emergency as <br />determined by the City, is first given notice of the work in default, not less than forty-eight (48) hours in advance. <br />Page 230 of 309