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One bond shall be in the amount of 100% of the total estimated <br />cost of the work for each stage of development, conditioned upon <br />faithful performance of this agreement, and one bond in the amount <br />of 100% of the total estimated cost of the work for each stage of <br />development shall secure payment for labor 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 /> <br /> In event of breach by Subdivider, 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 Subdivider. Subdivider shall be liable to the City for any <br />excess costs or damages suffered by the C ty. <br /> <br /> 8. Financing. In the event City and Subdivider enter a con- <br /> <br />assessment act for financing and improvement of streets-and <br />the City may consent to the following: - '->'~-~*." <br /> <br /> a. The inclusion of this tract and other lands wi~in <br /> said contracts, and <br /> <br />bm <br /> <br />the release of improvement security as defined <br />in Section 66499 of the Government Code, where <br />the assessment contract has filed surety bonds <br />for said improvements. <br /> <br /> 9. Defects. Subdivider shall be liable for defects in workman- <br /> ship and materials on all of the above described improvements for a <br /> period of one (1) year after acceptance and as security for liability <br /> against such defects, Subdivider shall file improvement or maintenance <br /> security with the City Clerk, of a type approved by the City Attorney, <br /> in the amount of 10% of the total estimated cost set forth above. <br /> <br /> 10. Worker's Compensation. Before commencing work under thisTM <br />contract, Subdivider shall take out and maintain during the course 'of <br />this agreement, such worker's compensation insurance as required by <br />the laws of the State of' California. If the Acting General <br />is not the Subdivider, then the General Contractor will provide the <br />Clty with the sald certificate of worker's compensation insurance '- <br />prior to start of construction. On failing to do so, the City may <br />~procure such insurance for the Subdivider and the Subdivider shall] TM . <br /> pay the cost. · ~ ~3~.. ~." <br /> <br /> 11. Hold Harmless Agreement. Subdivider hereby agrees to, and <br /> shall hold'City, its elective and appointive Boards, Comissions' <br /> officers, agents, and employees, harmless from any liability for d~age.~;~.~ <br /> or claims for damage for personal injury, including death, as well '~i <br /> as from claims from property damage which may arise from S~divide~'s' <br /> contractors', subcontractors', agents' or employees' operation under <br /> <br /> S~divider's contractors, subcontractors, '0r by any one or more <br /> <br /> <br />