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construction of the Improvements, including, but not limited to, the Plans, specifications, permits, surveys, schedules, contracts for the construction of any portion of the Improvements, and invoices and receipts for payments relating to the construction of the Improvements. (x) It is expressly understood and agreed that, in performing this Agreement, the Developer is an independent contractor and not the agent or employe; of the County, and that the County shall not be responsible for making any payments directly to the Contractor or any other contractor, subcontractor, agent, employee or supplier of the Developer. (c) During construction of the Improvements, the Work shall be subject to periodic inspection and approval by DEM as follows: (i) The Work shall be subject to inspection from time to time during construction in accordance with applicable DEM inspection procedures and applicable standards for acceptance of the Improvements for dedication. 'i (ii) Upon reasonable notice from the Developer or the Contractor, DEM shall schedule its inspections of the Work in cooperation with the Developer or the Contractor. DEM shall use good faith efforts to conduct such inspections in a timely manner so as to minimize and avoid delays in the performance of the Work and allow, for the timely completion of the Work. In addition, upon reasonable notice to the Developer and the Contractor, DEM shall be permitted to inspect the Work at such other times as it deems reasonably necessary or appropriate in order to monitor progress properly. Iii In all events, the satisfactory inspection of any component of Work by DEM shall be a condition precedent to the payment of any portion of the Acquisition Price for such component pursuant to Section 5 hereof, including all Work to be funded by Developer Advances prior to the initial payment from Bond proceeds pursuant to Section 4 hereof. Section 4. Issuance of Bonds. As provided in the Bond Ordinance, the Bonds may be issued in one or more series subject in each case to adoption by Council of the applicable Series Resolution and to the further terms and conditions set forth herein and in HCC Chapter 32. Pending adoption of the initial Series Resolution and satisfaction of such fiirther terms and conditions, the County has commenced, and will proceed in good faith, with appropriate preparations and arrangements for the initial series of Bonds as follows: (a) The County has authorized and directed its legal counsel and consultants to proceed with preparation of the principal financing documents for the initial series of Bonds, including (i) the trust indenture pursuant to which the Bonds will be issued (the "Bond Indenture") with the County's designated bond trustee (the "Bond Trustee"), (ii) the official statement pursuant to which the initial series of Bonds will be offered to potential investors, including the appraisal prepared by the County's designated appraiser, (iii) the bond purchase agreement pursuant to which the initial series of Bonds will be sold to the County's designated 11