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failure of the Developer. to . .complete. the,.. development__project within the time agreed by this contract, except. as..said_.time-may_.be_.ex.tended by the City Council for good cause. Periods of less than a month shall be assessed upon a pro- portionate basis as the number of days in that month. Such liquidated damages shall not exceed the .reasonable value of- any actual damages suffered by the City. 16. Performance or contractor's_bonds in favor of the City, or other reasonable security insuring. completion of the project, shall be filed by the Developer with the Director of Finance before construction commences. The amount of the bond shall be in an amount. equal to ten percent (10%) of such estimated cost of .the project._ When. ..construction_ .is. completed and a Certificate of Completion is issued with .resp.ect. thereto, the surety on such bond or bonds shall be discharged. 17, The uses in the area shall. be. limited..to, the uses described in the Development Plan and Conditional. Use_Permit...for a period of ten (10) years from the date .of _acq.uisition_of".the property by the Developer. 18 This .contract_ shall_ remain...in_full" force.and effect so long as the Developer, .its successors or assigns_.shall enjoy tax relief, and at the termi- nation of .such relief, this contract shall. terminate and become null and void, providing -that the project..a.s herein ...described has been completed and so certi- fied by the Director of Finance_of_-the.. City of University City. 19.> The rights and . privileges given. to._the.Developer, its successors or assigns, by the contract., _ and." the duties. -and obligations imposed on the Developer,- its succe.ssors_.or..assigns, shall_.apply..onl.y to the development project ` herein described. 20. In the event that the Developer, its successors or assigns, shall be rohibited from P performing -con venants and agreements herein contained or contained in the Development Plan by the order of any Court of competent juris- diction, or in the event that the Urban Redevelopment Corporation Law, Chapter 353, R.S. Mo. 1978, as amended, or the ordinance. of_ _which this contract is a part, shall be declared inval.id, in whole or in part, then and in any such event, the Developer, its .successors or assigns may cancel or terminate this contract by giving written notice of its intention to do so, within_ a sixty (60) day period thereafter. 6