GHC BORDEAUX DEFERRED IMPR - Laserfiche WebLink

5. Related Contracts and Proceedinl?s. Any prior contracts between City and Subdivider and any prior approvals by Boards, Commissions or Council of City shall not be affected by the provisions of this Agreement unless specific modification is set forth herein. 6. Security. On signing this Agreement, the Subdivider shall present to the City and file with the City Clerk, improvement security as defined in Section 66499 of the Government Code of the State of California. Said improvement security as approved by the City Attorney, shall consist of the following as determined by the city: a. cash deposit made with the City, or b. bonds by duly authorized corporate sureties, or c. instruments of credit from financial institutions subject to regulation by state or federal government One bond shall be in the amount of 100% of the total estimated cost of the work, which is $25,000, conditioned upon faithful performance of this Agreement. The City shall release the faithful performance bond thirty (30) days after acceptance by City Engineer. 7. Default by Subdivider. In the event of any breach by Subdivider, City may take over the Work and prosecute the same to completion by any method the City deems advisable. Said Work shall be at the expense of the Subdivider and Subdivider shall be liable to the City for any excess costs or damages suffered by the City. 8. Workers' Compensation. Before commencing work under this contract, Subdivider shall take out and maintain during the course of this Agreement, such worker's compensation insurance as required by the laws of the State of California. If the acting General Contractor is not the Subdivider, then the General Contractor will provide the City with said certificate of worker's compensation insurance prior to start of construction. On failing to do so, the City may procure such insurance for the Subdivider and the Subdivider shall pay the cost. 9. Hold Harmless Agreement. Subdivider hereby agrees to and shall hold harmless, defend, and indemnify City, its elective and appointive Boards, Commissions, officers, agents, and employees, from any liability for damage or claims for damage for personal injury, including death, as well as from claims from property damage which may arise from Subdivider's contractors', subcontractors', agents', Deferred Improvement Agreement for items to be constructed with Tract 7407 Project: Tract 7407, Bordeaux Property; Vineyard Avenue, APN 946 135001503 Page 3 of 13