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the Commission by the Owner are reserved exclusively for the payment of the Public <br />Improvements. If, upon the opening of bids for the Public Improvements pursuant to <br />the Development Agreement, the lowest responsive bid from a responsible bidder <br />exceeds the total amount of funds held by the Commission for the work, the Owner shall <br />pay the excess amount to the Commission in order to award the bid, as well as the costs <br />related to any change orders requested by Owner (or otherwise approved by Owner and <br />Commission) required to complete the Public Improvements to the satisfaction of the <br />City. <br />5. Maintenance Bond. As a part of the bid package for the Public Improvements and <br />within ten (10) days of City's acceptance of the dedication thereof, the City's Contractor <br />shall provide the City with a maintenance bond equal to ten percent (10%) of the <br />construction cost covering all work performed or to be performed pursuant to this <br />Agreement, and such bond shall remain in effect for three (3) years after dedication as <br />described in Section 7 below. <br />6. Term. Except as otherwise provided herein, this Agreement shall continue for a period <br />of twelve (12) months from the Effective Date of this Agreement, or upon the issuance <br />of the relevant occupancy permit(s), whichever occurs last. <br />7. Dedication. The Owner understands and agrees that the dedication of the Public <br />Improvements to the City is a requirement for occupancy. Upon completion of the <br />construction of the Public Improvements, the Owner shall use its best efforts to work <br />with the City to ensure that the Public Improvements are dedicated to the City in a timely <br />manner. It is understood by the Owner that no dedication shall be accepted by the City <br />