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<br />· <br /> <br />Sun Polymers International <br />Refund Agreement <br />Page 3 <br /> <br />of monies in the developer availability accounts. The developer shall not be entitled to <br /> <br />refunds of any monies over and above the amounts set out in this agreement. There shall <br /> <br />be an additional refund for the cost of running electricity to the lift station which has <br /> <br />not been determined. These monies shall be refundable after the presentation and approval <br /> <br />of this expense by the Mooresville Town Council. <br /> <br />3. The Town of Mooresville reserves the right to approve all construction prior to <br /> <br />acceptance for dedication and in the event that any of the construction performed pursuant <br /> <br />to this Agreement is not approved by the Town it will not be available for refund pursuant <br /> <br />to Ordinance 2-1994. <br /> <br />4. In the event the existing bid to be performed is not honored by the contractor <br /> <br />and the work is not completed by the contractor then the Developer shall provide a new <br /> <br />bid for the Town to review in order to complete an updated Refund Agreement under <br /> <br />Ordinance 2 - 1994. <br />