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regulations shall be included by the Developer in its Design Development Drawings and other <br />required submittals and shall be completed during the construction of the Improvements. <br />302.5 Defects in Plans. The Agency and the City shall not be responsible either <br />to the Developer or to third parties in any way for any defects in the Design Development <br />Drawings, nor for any structural or other defects in any work done according to the approved <br />Design Development Drawings, nor for any delays reasonably caused by the review and <br />approval processes established by this Section 302. <br />303. Land Use Approvals. The execution of this Agreement does not constitute the <br />granting of or a commitment to obtain any required land use pei~nits, entitlements or approvals <br />required by the Agency or the City. Developer acknowledges and agrees that the plans prepared <br />for the Project shall be subject to the City's normal planning review process and further that such <br />plans maybe subject to review by the City's Planning Commission. <br />304. Schedule of Performance. The Developer shall provide the concept plans to the <br />surrounding neighborhood, submit all Design Development Drawings, commence and complete <br />all construction of the Improvements, and satisfy all other obligations and conditions of this <br />Agreement within the times established therefore in the Schedule of Performance attached hereto <br />and incorporated herein as Exhibit J. The Developer shall perform all of its obligations <br />hereunder within the times established therefor in the Schedule of Performance. <br />305. Cost of Construction. Except to the extent otherwise expressly set forth in this <br />Agreement, all of the cost of acquisition of the Sites and the planning, designing, developing and <br />constructing all of the Improvements, preparation of the Sites and grading shall be borne solely <br />by the Developer. <br />306. InsuranceBond Requirements. <br />306. A Insurance. The Developer shall take out and maintain or shall cause its contractor <br />to take out and maintain until the completion of construction pursuant to the terms of this <br />Agreement, a commercial general liability policy in the amount of Two Million Dollars <br />($2,000,000) combined single limit policy, and a comprehensive automobile liability policy in <br />the amount of One Million Dollars ($1,000,000), combined single limit, or such other policy <br />limits as the Agency may approve at its discretion, including contractual liability, as shall protect <br />the Developer, City and Agency from claims for such damages and which policy shall be issued <br />by an "A-" rated insurance carrier. Such policy or policies be written on an occui~•ence form. <br />The Developer shall also furnish or cause to be furnished to the Agency evidence satisfactory to <br />the Agency that Developer and any contractor with whom it has contracted for the performance <br />of work on the Sites or otherwise pursuant to this Agreement carries workers' compensation <br />insurance as required by law. The Developer shall furnish a certificate of insurance <br />countersigned by an authorized agent of the insurance carrier on a form approved by the Agency <br />setting forth the general provisions of the insurance coverage. This countersigned certificate <br />shall name the City and the Agency and their respective officers, agents, and employees as <br />additionally insured parties under the policy, and the certificates shall be accompanied by a duly <br />executed enforcement evidencing such additional insured status (the Agency's preferred <br />Additional Insured Endorsement is attached hereto as Exhibit L). The certificate and <br />23 EXHIBIT 4 <br />