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<br />e:)e bond shall oe in the amount of 100% ok the total estimated
<br />cost o!l the work for each stage of development, conditioned upon
<br />faithf~u] p<'r~ormance of this agreement, and one bond in the amount
<br />of ].00': ,'~[ the totell estimated cost of the wor]< for each stage of
<br />d<~ve].,~,p~.,.,.~t s~;~].]. :;,:~cure payment for labor and materials.
<br />
<br /> (2,'~si~ o}: [n:;;[.~r~lmcnl:s of credj_t shall be in an amount not less
<br />~-~":~2~ ] 0(~% of: '{:t~e ['~,1',~1 estimated cost of improvements which is as
<br />
<br />$Z.Q_0_., 0o0.00
<br />
<br /> 711}: ev{;n[:. {.:}ell bn:r~ach by Subdivider, City may take over the work
<br />and ]-,:cosc~cu[:c th,3 :=',~m~c:~ to completion by any method the City deems
<br />advis.s,b].e. Said v.~ork shall be for the account and at the expense
<br />of th<:. Subdivider'. Subdivider shall be liable to the City for any
<br />excess costs or d,7~mages suffered by the City.
<br />
<br /> 8.. ti:j=rj!:~l[.ii<i}_!!=[. In the event City and Subdivider enter a con-
<br />tract upon rnut. ually agreeable terms providing an appropriate special
<br />assc...ssment act for financing and improvement of streets and easements,
<br />the City may c. or~se~t to tt'~e following:
<br />
<br />The inclusion of this tract and other lands within
<br />said contracts, and
<br />
<br />the release of improvement security as defined
<br />in Sec. tj_on 66499 of the Government Code, where
<br />the assessment contract has filed s~r~ety bonds
<br />for saj. d improvements.
<br />
<br /> 9. Defects. Subdivider shall be liab].e for defects in workman-
<br />ship and materia].s. on all of the above described improvements for a
<br />period oi.'- 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. !~_%}.C6?..=~ii'_.:%_..C__qlg?_clgfig__t_.!_0__~.. Before co~mnencing work under this
<br />cont-ract, Sub,.livi. de_.r shall take out and maintain during the course of
<br />t his agre<.men[:, such worker ' s compensation insurance as required by
<br />the laws of the State of California. If the Acting General Contractor
<br />i.s not the Su]x]ivider, then the General Contractor will provide the
<br />City with t}~e said certificate of worker's compensation insurance
<br />pri<}'x.' to start of construction. On failing to do so, the City may
<br />procure such ins:yu:tnc<~ for the Subdivider and the Subdivider shall
<br />p a ?' t. h c c o s il.
<br />
<br /> llt. !![{!.i[_~i[..!.lik[j)li:!].{i{~.._:.5~!~?i_!{D. Sn.t_. Subdivider hereby agrees to, and
<br />sha].]. bolct C.~t:y, it.:~ e.lcc:ti. ve and appointive Boards, Cominissions,
<br />officc,r::, aq<}nt,~;, and oml}].o>,,ees, harm]ess from any liability for damage
<br />or c ! ,.t :i .r !': :'; :l,a',}: {is.t;:naCi, f,.;~' ].:ler::;uu'~al injury, including death, as well
<br />as :fron~ claihn:i i2rom property dim~age which may arise from Subdivider's
<br />corl [:y'act<)l-s ' ~. Snbc(.)lltractors ' t agents ' or employees ' operation under
<br />thi. s agreeincisor, whet. t~er such operations be by Subdivider or by any of
<br />Subdivider's contract~r-s, subcontractors, or by any one or more per-
<br />
<br />
<br />
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