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CCR2014015-Exhibit A DEVELOPMENT AGREEMENT Document Number Document Title Recording Area Name and Return Address City of Muskego P.O. Box 749 Muskego, WI 53150-0749 MSKC 2196.952 Parcel Identification Number (PIN) THIS DEVELOPMENT AGREEMENT is made and entered into as of the _____ day of ____, 2013, by and between Jewell Homes LLC (the "Developer") and the City of Muskego, a Wisconsin municipal corporation (the "City"). RECITALS: WHEREAS, the Developer is the proposed buyer of the real estate owned by the City of Muskego, basically described as Tax Key Number MSKC2196952 (the "City Property" or “the Property”); WHEREAS, the Developer currently contemplates developing (the “Development Project") the Property by constructing thereon a retail/office building containing approximately 8,653 total square feet (the "Building"); WHEREAS, Section 66.1105 of the Wisconsin Statutes (the "Tax Increment Law") provides the authority and establishes procedures by which the City may exercise powers necessary and convenient to carry out the purposes of the Tax Increment Law, cause project plans to be prepared, approve such plans, implement provisions and effectuate the purposes of such plans, and finance such development through the use of tax incremental financing; WHEREAS, on or about November 27, 2012, the Common Council of the City (the "Common Council") found that the properties located within the District were in need of development requiring developer incentives, public improvements, and adopted a resolution amending Tax Incremental District No. 8 (the "District"); WHEREAS, the Common Council also has approved the plan for the development of the properties located within the District (the "TIF Project Plan"); WHEREAS, the Property is located within the District, and the Common Council has determined that the Development Project is in accordance with the TIF Project Plan, and has authorized representatives of the City to negotiate and execute this Development Agreement with the Developer; 2 WHEREAS, this Development Agreement is intended to provide for certain duties and responsibilities of the Developer and the City relating to the development of the Property as described herein; WHEREAS, the City intends to reimburse the Developer for certain development and site improvement costs to the Property which the City has determined are needed for development of the Property in order to provide an incentive to the Developer which the City finds to be necessary to encourage the Developer to undertake the duties and responsibilities set forth herein; WHEREAS, the City believes that unless the City provides the incentives to the Developer described in this Development Agreement, the Developer will not undertake the development of the Property; and WHEREAS, the City has determined that the development of the Property pursuant to this Development Agreement and the fulfillment generally of the Development Agreement by the parties hereto are in the best interests of the City and its residents; will enhance the value of other properties in the City; will promote the orderly development of the Property in accordance with the master land use plan for growth and development adopted by the City; and are in accord with the public purposes and conditions of the applicable state and local laws and requirements under which the TIF Project Plan has been undertaken and is being carried out. AGREEMENT NOW, THEREFORE, in consideration of the Recitals, the covenants and agreements set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows: SECTION I. REPRESENTATIONS AND WARRANTIES OF THE DEVELOPER The Developer makes the following representations and warranties which the City may rely upon in entering into this and all other agreements with Developer and upon which the City may rely in granting all approvals, permits and licenses for the Development Project and in executing this Development Agreement and performing its obligations hereunder: 1. Developer is a duly organized and existing limited liability company in current status under the laws of the State of Wisconsin. 2. The execution, delivery and performance of this Development Agreement and the consummation of the transactions contemplated hereby have been duly authorized and approved by the Developer, and no other or further acts or proceedings of the Developer are necessary to authorize and approve the execution, delivery and performance of this Development Agreement and the matters contemplated hereby. This Development Agreement, and the exhibits, documents and instruments associated herewith and made a part hereof, have been duly executed and 3 delivered by the Developer and constitute the legal, valid and binding agreement and obligation of the Developer, enforceable against it in accordance with their respective terms, except as the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization or similar laws affecting the enforcement of creditors’ rights generally, and by general equitable principles. 3. There are no lawsuits filed or pending, or to the knowledge of Developer, threatened against Developer that may in any way affect the Property or jeopardize or materially and adversely affect the ability of the Developer to perform its obligations hereunder. 4. The Developer has at this time, and will have so long as this Development Agreement continues in effect, sufficient available equity and debt funding for the timely performance and completion of the Developer's obligations under this Development Agreement. 5. The Developer warrants, understands and acknowledges that notwithstanding the purchase of the City Property from the City of Muskego, the City may or may not issue any or all permits, approvals and consents required for the Development Project; and that the Development Project shall be subject to the usual permitting and approval process of the City. SECTION II. UNDERTAKINGS OF THE DEVELOPER A. Purchase of City Property. In the event the City approves the sale of the City Property to the Developer, the Developer shall purchase the City Property from the City in accordance with the terms and conditions approved by the Common Council. Said conditions include that the Developer pay $_______ at closing to cover the costs incurred by the City in initially buying and retaining the Property. The Developer acknowledges that in addition to all other conditions for the sale of the City Property, the sale of the City Property and the terms, conditions and other provisions of such sale must be approved by the City Attorney; that the sale must comply with all statutes, ordinances and other governmental requirements applicable to the sale of the City Property by the City; and that the redevelopment of the Property must comply with the redevelopment plan adopted by the City for that site as well as the TIF Project Plan. B. Obtain Approvals for Plans and Specifications. The Developer, at its cost and expense, shall: (i) submit all information, drawings, elevations, plans, specifications and other documents and information and all other matters required by the City, for approval of all plans for any and all demolition, soil remediation, improvements, construction and development of the Property in accordance with the normal practices and procedures of the City; and (ii) obtain all approvals necessary therefor within the earliest commercially reasonable time thereafter, and obtain all zoning and conditional use permits and other approvals for construction of and enter into any other and further additional development agreements with the City detailing the requirements for construction and development of the Property prior to the commencement of any construction activities. As part of any approval process, the City 4 may, in accordance with its normal permitting and zoning or conditional use grant process, impose such restrictions, covenants and obligations on the Developer as the City deems appropriate for the development, construction and use of the Property. The Developer agrees to pay all development, license, permit and other fees required by the State of Wisconsin, the City and all other applicable governmental entities, and will not in any way seek reimbursement from the City for the cost thereof. No buildings or improvements shall be constructed on or in the Property until the plans and specifications for such buildings and improvements have been granted final approval by the City; all necessary zoning and conditional use permits and approvals are obtained in accordance with the requirements of the City and the City ordinances; and the City and the Developer have entered into such further development and other agreements as the City deems necessary to detail the requirements for any and all demolition, remediation and construction on, and development of, the Property, and the obligations of the Developer with respect to the Development Project. C. Compliance with Codes, Plans and Specifications. The construction of the Building and other improvements constructed on and in the Property, and their uses, shall be in compliance with all applicable conditional use grants and zoning and other ordinances of the City; all other applicable laws, ordinances, regulations and requirements of all other governmental and quasi-governmental entities having jurisdiction over the Property; and with the pertinent provisions of the plans and specifications which have been approved by the City. The acceptance of this Development Agreement and granting of any and all approvals, zoning, conditional uses, licenses and permits by the City, in and of itself, shall not obligate the City to grant any variances, exceptions or further conditional use grants, or approve any building, any addition to the Building, or construction the City determines not to be in compliance with the City ordinances, or the requirements of any other applicable governmental authority. D. Erosion Control. The Developer shall comply with all grading, zoning, erosion and soil control requirements affecting the Property in accordance with all applicable, federal, state, county and municipal regulations, guidelines, specifications, laws, ordinances and permits affecting the Property or portion thereof. Without limiting the foregoing, the Developer shall take such action and shall utilize such techniques and mechanisms necessary to implement any erosion control plan required by the City and with the applicable provisions of any construction site maintenance and erosion control ordinances the City may now or hereafter have adopted, in order to prevent sediment from being deposited on the adjacent properties or on any public street or into adjacent wetlands and to prevent sediment from being washed into downstream drainage facilities. E. Protected Areas. The Developer shall be responsible for undertaking all steps and precautions as are necessary to insure the preservation and protection of any shoreland areas, wetlands, Native American burial grounds, and other protected interests on or in the Property. All such protected areas disturbed in any way by construction activities on any portion of the Property or in connection with the development of the Property by or for the Developer, shall be restored by the Developer to its prior condition to the reasonable satisfaction of the City. 5 F. Construction Timeline for the Building. The Developer shall commence construction of the Building as soon as practicable but in no event later than June 1, 2014 and substantially complete construction of the Building as soon as practicable but in no event later than June 1, 2015. For purposes of this Development Agreement, the term "substantial completion" shall mean the issuance by the City of an occupancy permit for the Building and the Developer and the City have entered into any agreements required by the City concerning any uncompleted landscaping, restoration final stabilization, final lift of asphalt or other similar matters. G. Storm Water. The Developer shall construct such facilities and at all times use the Property in accordance with all surface and storm water runoff, management, filtration and other such requirements of the City and all other applicable governmental entities and authorities. The Developer shall not commence any construction or improvement on or in any part of the Property unless and until the Developer has obtained all approvals required for a storm water management plan from the City and all other applicable government authorities. H. Public Utilities. The Developer shall install the public water services to the Building such that no portion of the Property shall be served by a private water system. The Developer shall obtain all requisite permits and approvals for such public water system from all other applicable government authorities. The Developer shall install sanitary sewer service to the Building such that no portion of the Property shall be served by private septic or alternate means of treating sanitary sewer effluent. The Developer shall obtain all requisite permits and approvals for such sanitary sewer service from the City and all other applicable government authorities. I. Covenants, Easements and Restrictions. The Developer shall convey such covenants, easements and restrictions on, in or affecting the Property to or as directed by the City, in order to effect the Development Project. J. Developer Work. The Developer at its sole cost and expense shall construct the on-site facilities and improvements on and in the Property per any Planning Commission approval and per the building permit thereafter issued by the City to Developer. Said improvements shall be conceptually in the form as those attached in Exhibit A herein. Any other requirements of the Planning Commission and/or the City on the issued building permit must be followed as well (the "Developer Improvements"). The Developer shall complete construction of the Developer Improvements as soon as practicable but in no event later than June 1, 2015. Without limiting the foregoing, the Developer shall at all times take all precautions necessary or advisable and at all times perform all work on or in the Property or in connection with the Development Project, in a manner that will safeguard and protect the water and other infrastructure that may be affected by the Development Project. The Developer shall notify the City of the commencement date of all work on or in or related to the Property and keep the City informed of the Developer's construction schedule. 6 K. Developer’s Deposit. The Developer shall, at its sole cost and expense, deliver to the City a Developer’s Deposit, upon submittal for Planning Commission approvals, and thereafter keep in full force and effect, in amount of $3,000. Said deposit shall be kept at no less than this initial amount and Developer shall deposit such amounts with the City as and when requested by the City. The deposit will be used by the City for any and all fees and costs incurred by the City related to the review and approval of the Building, Site, and Operation Plan, any miscellaneous permitting approval costs, and the rezoning approvals of the City Property up until occupancy of the Property. L. Financial Information. The Developer shall, from time to time upon reasonable request of the City, provide to the City financial information and statements of the Developer as requested by the City certified by the Developer to be true and correct in all respects, and all instruments and documents relating to any and all mortgage loans secured by the Property. SECTION III. UNDERTAKINGS OF THE CITY A. Grants to the Developer. (i) Utility Fees. Within forty five (45) days of the last to occur of (i) the sale of the City Property by the City to the Developer, and (ii) the substantial completion of the Building and Developer Improvements; and provided, that the Developer has fully performed each and all of its obligations under this Development Agreement to be performed by the Developer through the date thereof, the City will remit to Developer a grant (the "Grant") in an amount not to exceed Twenty-Two Thousand Five Hundred Dollars ($22,500.00) to partially reimburse the Developer for the costs and expenses of Developer Improvements relating to sewer and water hookup fees. All such costs and expenses to be reimbursed to the Developer shall be determined by the City to be costs and expenses that are necessary and appropriate for the construction of the Building and of the Developer Improvements within Tax Incremental District #8, and have been paid in full by the Developer. The Developer shall submit to the City for review and approval by the City in accordance with the usual procedures and standards of the City, paid invoices, lien waivers for all work performed and materials supplied in connection with the Developer Improvements, and all other such information requested by the City if need be. Such funds will be distributed from the TIF 8 funds the City has. (ii) Development Cost Reimbursals. Within forty five (45) days of the City receiving and validating a paid Developer invoice for removing existing concrete foundations and/or for removing contaminated soils from the Property; and provided, that the Developer has fully performed each and all of its obligations under this Development Agreement to be performed by the Developer through the date thereof, the City will remit to Developer a reimbursement grant (the "Grant") in an amount not to exceed the paid invoices and not to exceed a total amount of up to $600 for removing existing concrete foundations and not to exceed a total amount of up to $14,400 for removing contaminated soils and installing vapor intrusion devices for the Property. All 7 such costs and expenses to be reimbursed to the Developer shall be determined by the City to be costs and expenses that are necessary and appropriate for the construction of the Building and of the Developer Improvements within Tax Incremental District #8, and have been paid in full by the Developer. The Developer shall submit to the City for review and approval by the City in accordance with the usual procedures and standards of the City, paid invoices, lien waivers for all work performed and materials supplied in connection with the Developer Improvements, and all other such information requested by the City if need be. Such funds will be distributed from the TIF 8 funds the City has. B. Loans to the Developer: The developer wishes to pursue a low interest loan form the City of Muskego in an amount not to exceed $100,000. The City agrees to follow thru with a $100,000 low interest loan for the Developer, tailored under the procedures of the City’s adopted Commercial Loan Program. It is the Developer’s responsibility to submit all necessary documents and receive a future Common Council approval for said loan. Loan monies, if approved, will be distributed from the TIF 8 funds the City has. C. City Financing and Security. (i) City Financing. The City may issue from time to time notes and/or bonds which the City determines to be necessary or appropriate to finance and/or refinance the costs of the obligations of the City under this Development Agreement and the issuance of such notes and bonds (collectively, the "City Financing"). The City Financing may be combined with other financing obtained by the City. It is intended that the interest and principal on the City Financing (the "City Debt Service") shall be paid from tax increments ("TIF Revenues") generated from the Building and other improvements to be constructed on the Property by the Developer other than the Dedicated Improvements. The City Debt Service shall be structured to reflect a good faith estimate of the TIF Revenue anticipated to be generated by the Building and other improvements on and in the Property. The parties acknowledge and agree that the City Debt Service shall be the actual payment amount incurred by the City at the time the City Financing is obtained. In the event the City does not obtain City Financing to fund its obligations under this Development Agreement, the TIF Revenues shall be used to reimburse the City as if the City had incurred the City Financing and was obligated to pay the City Debt Service. SECTION IV. MISCELLANEOUS REQUIREMENTS The Developer shall do each and all of the following at its cost and expense: A. Manner of Performance: Cause all construction obligations of the Developer referred to in this Development Agreement to be carried out and performed in a good and workmanlike manner, consistent with construction standards in the City; 8 B. Survey Monuments: Properly install metal stakes or pipes marking the corners of all lots that are being resurveyed and recreated pursuant to the terms of the City; C. Utilities: Install all electrical, telephone, cable, and gas utilities underground in accordance with all ordinances of the City. It shall be the responsibility of the Developer to contract to have installed and pay for all costs associated with private utilities required by the City; D. Permits: Provide and submit to the City, valid copies of any and all governmental (other than issued by the City) permits relating to the construction of the Project. No occupancy permits shall be issued for the occupancy of the Building or portion thereof until such time as final inspections are completed and passed by the building, fire and rescue and zoning inspectors, and construction of all Developer Improvements are substantially completed; E. Noise: Make every effort to minimize noise, dust, and similar disturbances; F. Debris: Keep the Property free from litter and debris during all phases of grading and construction. The Developer shall promptly remove and lawfully dispose of all tree trunks, limbs, brush and other rubbish and debris from the Development Project. Tree trunks and other organic matters shall not be backfilled on the Property. Off-site sediment deposits occurring as a result of a storm event shall be cleaned up by the end of the next work day following the occurrence. All other off-site sediment deposits occurring as a result of construction activities shall be cleaned up at the end of the work day; G. Stop Orders. The Developer shall promptly comply with any stop orders issued pursuant to applicable provisions of any City ordinance because the design, location, materials, workmanship or other performance are not in accordance with the provisions of this Development Agreement or any ordinance of the City; and H. Inspection. The City shall have the right at any time and from time to time to enter upon the Property to perform any non-invasive testing and inspections deemed necessary or appropriate by the City. SECTION V. PAYMENT OF COSTS, INSPECTION AND ADMINISTRATIVE FEES Upon request of the City the Developer shall promptly and fully pay all permits, licenses, grants and other approvals for the Property requested by the Developer or required by the City; and the development of the Property by the Developer. Any such amounts which are not paid in full by the Developer when and as requested by the City, may, in addition to all other rights and remedies available to the City, be collected by the City as a special assessment on the Property to this Development Agreement. The City acknowledges that all of the above are currently reflected as Project Costs for the District. 9 SECTION VI. CONDITIONS OF ALL OBLIGATIONS OF THE PARTIES UNDER THIS DEVELOPMENT AGREEMENT A. City Conditions. As a condition to each and all of the covenants, agreements and other obligations of the City under this Development Agreement, all of the following shall occur, in addition to all other requirements and conditions set forth in this Development Agreement: (i) All representations and warranties of the Developer set forth in this Development Agreement and in all agreements expressly referred to herein shall at all times be true, complete and correct; (ii) All covenants and obligations of the Developer under this Development Agreement are duly and substantially performed, observed, satisfied and paid, when and as required herein; (iii) No event of default has occurred, or with the giving of notice or lapse of time would occur; (iv) The City has obtained the City Financing as required to fully fund the obligations of the City under this Development Agreement; (v) The City has reviewed and approved all funding sources of the Developer and documents evidencing those funding sources. There is no material adverse change in the financial condition of the Developer which might impair its ability to perform its obligations under this Development Agreement. (vi) The sale of the City Property by the City to the Buyer complies with all statutes, ordinances and other governmental requirements applicable to the sale of the City Property by the City; and (vii) The redevelopment of the Property complies with the redevelopment plan adopted by the City and the TIF Project Plan for the Property. SECTION VII. INDEMNIFICATIONS The Developer will indemnify and hold harmless the City, its governing body members, officers, agents, including the independent contractors, consultants and legal counsel, servants and employees thereof (hereinafter, for purposes of this paragraph collectively referred to as the “Indemnified Parties”) against any loss or damage to property or any injury to or death of any person occurring at or about or resulting from any breach of any warranty, covenant or agreement of the Developer under this Development Agreement, and the development of the Property; provided that the foregoing indemnification shall not be effective for any willful acts of the Indemnified Parties. Except for any willful misrepresentation or any willful misconduct of the Indemnified Parties, the Developer will protect and defend the Indemnified Parties from any claim, demand, suit, action or other proceeding whatsoever by any person or entity whatsoever arising or purportedly arising from the action or inaction of the Developer (or 10 other persons acting on its behalf or under its direction or control) under this Development Agreement, or the transactions contemplated hereby or the acquisition, construction, installation, ownership and operation of the Development Project and the Property. All covenants, stipulations, promises, agreements and obligations of the City contained herein shall be deemed to be covenants, stipulations, promises, agreements and obligations of the City and not of any governing body, member, officer, agent, servant or employee or the City. All covenants, stipulations, promises, agreements and obligations of the Developer contained herein shall be deemed to be covenants, stipulations, promises, agreements and obligations of the Developer and not of any of its officers, owners, agents, servants or employees. SECTION VIII. DEFAULT/REMEDIES A. Events of Default. An event of default ("Event of Default") is any of the following: 1. A failure by the Developer to cause substantial completion of the Development Project or any part thereof to occur pursuant to the terms, conditions and limitations of this Development Agreement; a failure of either party to perform or observe any and all covenants, conditions, obligations or agreements on its part to be observed or performed when and as required under this Development Agreement within thirty (30) days of notice of said failure to the Developer; 2. A failure by the Developer to pay any amount or when and as due to the City within ten (10) days of notice of such failure to the Developer; 3. The Developer becomes insolvent or is the subject of bankruptcy, receivership or insolvency proceedings of any kind; or 4. The dissolution or liquidation of the Developer, or the commencement of any legal proceedings therefore. B. Remedies on Default. Whenever an Event of Default occurs and is continuing, the non-breaching party may take any one or more of the following actions without waiving any rights or remedies available to it: 1. Immediately suspend its performance under this Development Agreement from the time any notice of an event of default is given until it receives assurances from the breaching party deemed adequate by the non-breaching party, that the breaching party will cure its default and continue its due and punctual performance under this Development Agreement; or 2. Commence legal or administrative action, in law or in equity, which may appear necessary or desirable to enforce performance and observance of any obligation, agreement or covenant of the breaching party under this Development Agreement. 11 3. Perform or have performed all necessary work in the event the non- breaching party determines that any Event of Default may pose an imminent threat to the public health or safety, without any requirement of any notice whatsoever. In the event of a default by the Developer, the City may use and apply all or any portion of the grant to be provided to the Developer under Section III.B. above to cure such default and in such event, the Developer shall no longer be deemed to be in default of this Development Agreement but the City’s obligation to provide such grant to the Developer shall be extinguished to the extent it is used by the City. C. No Remedy Exclusive. No remedy or right conferred upon or reserved to a party in this Development Agreement is intended to be exclusive of any other remedy or remedies, but each and every such right and remedy shall be cumulative and shall be in addition to every other right and remedy given under this Development Agreement now or hereafter existing at law or in equity. No delay or omission to exercise any right or power accruing upon any default shall impair any such right or power or shall be construed to be a waiver thereof, but any such right and power may be exercised from time to time and as often as may be deemed expedient. D. No Implied Waiver. In the event any warranty, covenant or agreement contained in this Development Agreement should be breached by a party and thereafter waived by the other, such waiver shall be limited to the particular breach so waived and shall not be deemed to waive any other concurrent, previous or subsequent breach hereunder. E. Agreement to Pay Attorneys’ Fees and Expenses. Whenever any Event of Default occurs and a party incurs attorneys fees, court costs and other such expenses for the collection of payments due or to become due or for the enforcement or performance or observance of any obligation or agreement on the part of the other herein contained, the prevailing party shall be reimbursed the actual attorneys fees, court costs and other such expenses incurred by such prevailing party. F. Default Payment. As part of the City approvals the Developer is to pay $20,000 at the closing of the Property to the Developer. Such monies will be held by the City like a developer’s deposit. In the event of Default the City may keep said monies. The monies will be given back to the Developer once the Agreement is fulfilled and the Developer attains occupancy of the building. SECTION IX. PERMITTED DELAYS Whenever performance is required of any party hereunder, such party shall use all due diligence to perform and take all necessary measures in good faith to perform; provided, however that if completion of performance shall be delayed at any time by reason of acts of God, war, civil commotion, riots, work stoppages arising out of collective bargaining strikes, unavailability of materials or damage to work in progress by reason of fire or other casualty or causes beyond the reasonable control of a party (other than financial reasons), then the time for performance as herein specified shall be 12 appropriately extended by the time of the delay actually caused and a reasonable time thereafter acceptable to the City to remobilize. However, in order for a party to be entitled to make a claim for any such delays, such party must give the other party written notice of the conditions or events giving rise to the delay and the number of days claimed to be due to such conditions or events within fifteen (15) days from the date of the occurrence of the condition or event giving rise to the delay. The provisions of this Section shall not operate to excuse the Developer or the City from the prompt payment of any and all monies such party is required to pay under this Development Agreement. SECTION X. ASSIGNMENT The Developer shall not transfer, sell or assign the Parcel or assign this Development Agreement or its obligations hereunder without the express prior written consent of the City until the Developer has fully complied with its obligations under Section II of this Development Agreement. Any such consent requested of the City prior thereto may be withheld, conditioned or delayed for any commercially reasonable reason. SECTION XI. BINDING This Development Agreement shall be binding upon the parties hereto and their respective representatives, successors and assigns, and any and all future owners of the Property or any portion thereof, and their respective heirs, representatives, successors and assigns. SECTION XII. AMENDMENTS This Development Agreement may only be modified or amended by written agreement duly authorized and signed by the City and all owners of the Property. SECTION XIV. ADDITIONAL PROVISIONS A. Conflicts of Interest. No member of any governing body or other official of the City (“City Official”) shall have any financial interest, direct or indirect, in this Development Agreement, the Property or the Development Project, or any contract, agreement or other transaction contemplated to occur or be undertaken thereunder or with respect thereto, unless such interest is disclosed to the City and the City Official fully complies with all conflict of interest requirements of the City. No City Official shall participate in any decision relating to this Development Agreement which affects his or her personal interest or the interests of any corporation, partnership or association in which he or she is directly or indirectly interested. No member, official or employee of the City shall be personally liable to the City for any event of default or breach by the Developer of any obligations under the terms of this Development Agreement. 13 B. Incorporation by Reference. All exhibits and other documents attached hereto or referred to herein are hereby incorporated in and shall become a part of this Development Agreement. C. No Implied Approvals. Nothing herein shall be construed or interpreted in any way to waive any obligation or requirement of the Developer to obtain all necessary approvals, licenses and permits from the City in accordance with its usual practices and procedures, nor limit or affect in any way the right and authority of the City to approve or disapprove any and all plans and specifications, or any part thereof, or to impose any limitations, restrictions and requirements on the development, construction and/or use of the Development Project as a condition of any such approval, license or permit; including, without limitation, requiring any and all other development and similar agreements. D. Time of the Essence. Time is deemed to be of the essence with regard to all dates and time periods set forth herein or incorporated herein. E. Headings. Descriptive headings are for convenience only and shall not control or affect the meaning or construction of any provision of this Development Agreement. F. Notices. Any notice required hereunder shall be given in writing, signed by the party giving notice, personally delivered or mailed by certified or registered mail, return receipt requested, to the parties’ respective addresses as follows: To the City: City of Muskego, Wisconsin W182 S8200 Racine Avenue Muskego, WI 53150 Attn: Mayor To the Developer: Jewell Homes, LLC Attention: John Jewell W192S6940 Elkwood Ct Muskego, WI 53150 414-698-3247 Notice shall be deemed delivered (a) in the case of personal delivery, on the date when personally delivered; or (b) in the case of certified or registered mail, on the third business day after the date when deposited in the United States mail with sufficient postage to effect such delivery. G. Entire Agreement. This document and all other documents and agreements expressly referred to herein contain the entire agreement between the Developer and the City with respect to the matters set forth herein. 14 H. Governing Law. This Development Agreement shall be construed in accordance with the internal laws of the State of Wisconsin. I. Further Assurances. The Developer will at any time, and from time to time at the written request of the City, sign and deliver such other documents and instruments requested by the City as may be reasonably necessary or appropriate to give full effect to the terms and conditions of this Development Agreement. J. Counterparts. This Development Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original. K. Recording. The parties hereto agree that the City may record this Development Agreement or a Memorandum of this Development Agreement on the record title to the Property or any portion thereof. The Developer shall upon request of the City execute and deliver any such Memorandum or other document in connection with such recording. L. Covenant Running With the Land. The covenants and agreements contained in this Development Agreement shall be deemed to be covenants running with the land and shall be binding upon and inure to the benefit of the Developer and all successive owners of the Property, and any portion thereof, and their respective heirs, representatives, successors and assigns. M. Exhibit Lists. The Exhibits referred to herein, consist of the following: Exhibit A – Conceptual Development Plans [SIGNATURES CONTINUED ON NEXT PAGE] 15 DATED as of the day, month and year first above written. The Developer: Jewell Homes LLC By:___________________________________ Name: John Jewell Title: Managing Member STATE OF WISCONSIN ) ) ss. COUNTY OF __________ ) Personally came before me this ____ day of _____________, 2014 the above- named Keith Hammit to me known to be the person(s) who executed the foregoing instrument and acknowledged the same. _____________________________________ Notary Public, ______________ County, ________________ Commission: _____________________________________ 16 City: City of Muskego a Wisconsin municipal corporation By:__________________________________ Kathy Chiaverotti Mayor STATE OF WISCONSIN ) ) ss. COUNTY OF __________ ) Personally came before me this ____ day of _____________, 2014 the above- named John R. Johnson to me known to be the Mayor of the City of Muskego, Wisconsin, respectively, who executed the foregoing instrument and acknowledged the same. _____________________________________ Notary Public, ______________ County, ________________ Commission: _____________________________________ 17 EXHIBIT A – CONCEPTUAL DEVELOPMENT PLANS 18 19