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where said bonds have been filed with the City <br /> Clerk prior to the execution of this agreement, as <br /> apart of the existing improvement district <br /> proceedings. <br /> <br /> One bond shall be in the amount of 100% of the total <br /> estimated cost of the work for each stage of development, <br /> conditioned upon faithful performance of this agreement, and one <br /> bond in the amount of 100% of the total estimated cost of the <br /> work for each stage of development shall secure payment for labor <br /> and materials. <br /> <br /> Cash or instruments of credit shall be in an amount not less <br /> than 100% of the total estimated cost of improvements which is as <br /> follows: <br /> <br /> $165,000.00 <br /> <br /> In event of breach by Developer, City may take over the work <br /> and prosecute the same to completion by any method the City deems <br /> advisable. Said work shall be for the account and at the expense <br /> of the Developer. Developer shall be liable to the City for any <br /> excess costs or damages suffered by the City. <br /> <br /> 7. Assessment District Credit. Developer has requested the <br /> formation of a Special Assessment or other Benefit District in <br /> order to be reimbursed or credited for the costs of the project. <br /> <br /> City agrees to support the establishment of the North <br /> Pleasanton Assessment District No. 1982-4 and agrees to the <br /> inclusion of the improvements required herein and the <br /> reimbursement and/or credit of Developer for expenditures <br /> therefor within the scope of the purpose for which said district <br /> is formed. <br /> <br /> 8. Defects. Developer shall be liable for defects in <br />workmanship and materials on all of the above described <br />improvements for a period of one (1) year after acceptance and as <br />security for liability against such defects, Developer shall file <br />improvement or maintenance security with the City Clerk, of a <br />type approved by the City Attorney, in the amount of 10% of the <br />total estimated cost set forth above. <br /> <br /> 9. Worker's Compensation. Before commencing work under <br />this contract, Developer shall take out and maintain during the <br />course of this agreement, such worker's compensation insurance as <br />required by the laws of the State of California. On failing to <br />do so, the City may procure such insurance for the Developer and <br />the Developer shall pay the cost. <br /> <br /> 10. Hold Harmless A~reement. Developer hereby agrees to, <br />and shall hold City, its elective and appointive Boards, <br />Commissions, officers, agents, and employees, harmless from any <br />liability for damage or claims for damage for personal injury, <br />including death, as well as from claims from property damage <br />which may arise from Developer's contractors', subcontractors', <br /> <br /> - 3 - <br /> <br /> <br />