Laserfiche WebLink
<br />5. Related Contracts and Proceedings. Any prior contracts <br />between City and Developer and any prior approvals by Boards, <br />Commissions or Council of. City shall not be affected by the <br />provisions of this agreement unless specific modification is set <br />forth herein. <br />6. Security. On signing thisagreement, the Developer <br />shall present to the City and. file with the City C erk, <br />:improvement security. Said improvement security as approved by <br />the City Attorney, shall consist of the following as determined <br />by the City:. <br />a. cashdeposit made with the City, or' <br />b. bonds. by duly authorized corporate. sureties, - <br />ar <br />c. instruments of credit from financial institutions <br />subject. to regulation by the state or .federal <br />government, or <br />d. bonds of a duly authorized surety company covering <br />all or a portion of said improvements required <br />herein where a contract for improvements has been <br />let through an assessment district proceeding, and. <br />where said bonds .have been filed with the City. <br />.Clerk prior to the execution of this `agreement, as <br />a part of the existing improvement district. <br />proceedings. <br />One bond shall: be in the amount: of 100% of the total <br />estimated cost of the cork fore..each stage of development, <br />conditioned upon .faithful. performance of--this .agreement,. and one <br />- 4 <br />