RES 83019 - Laserfiche WebLink

One bond sha]., l}e in the amc'.!nt of 100% of the 'total estimated cost of the work for each stage of development, conditioned upon faithful performance of this agreement, and one bond in the amount of 100% of the total estimated ccsf of the wor]: for each stage of development shall secure payment for labor and materials. Cash or than 100% of follows: instruments of credit shall be in an amount not less the total]. estin~ated cost of in~provements which is as $ 94,500.00 In event of 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 for the account and at the expgnse of the Subdivider. Subdivider shall be liable to the City for any excess costs or damages suffered by the City. 8. Financing. In the event City and Subdivider enter a con- tract upon mutually agreeable torts providing an appropriate special assessment act for financing and improvement of streets and easements, the City may consent to the follo~.:ing: The inclusion of tlnis tract and other lands within said contracts, and the release of improvement security as defined in Section 66499 of the Government Code, where the assessment contract has filed sui-ety bonds for said improvements. 9. Defects. Subdivider shall be liable for defects in workman- ship and materials on all of the above described improvements for a period of one (1) year after acceptance and as security for liability against such defects, Subdivider shall file improvement or maintenance security with the City Clerk, of a type approved by the City Attorney, in the amount of ].0~= of the total estimated cost set forth above. 10. Worker's Compensation. Before con~nencin9 work under this contract, Subdivider shall take out and maintain during tile course of this agreement, such worker's compensation insurance as required by the laws of the State of Ca].ifornia. If the Acting General Contractor is not the Subdivider, then the General Contractor will provide the City with the said certificate of v:or]{er's compensation insurance prior to start of construction. On failing to do so, the City may prczure such insurance for the Sub~.ivider and the Subdivider shall pay the cost. 11. Hold Harmless Agreement. Subdivider hereby agrees to, and shall hold City, its elcc. tive and appointive Boards, CommnissionS, Officers, agents, and employees, harmlesn from any liability for damac~e or claims for damage for per,~sonal injury, including death, as well as from claims from property damage which may arise from Subdivjder's contractors', subcontractors' a ents' , g or employees' operation under this agreement, whether such operations be by Subdivider or by any of Subdivider's contractors, subcontractors, or by any one or more per-