Laserfiche WebLink
Revised May 13, 1983 <br /> <br /> 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 />follows: <br /> <br />$1,915,000.00 <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 order <br />to be reimbursed or credited for the cost of the project. <br /> <br /> City agrees to support the establishment of the North Pleasanton <br /> Assessment District No. 1982-4 and agrees to the inclusion of all of <br /> Developer's expenditures hereunder and to include the improvements <br />required herein and the reimbursement of Developer for expenditures <br /> therefore within the scope of the purpose for which said District <br /> is formed. <br /> <br /> 8. Defects. Developer 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, Developer 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 /> 9. Worker's Compensation. Before commencing work under this <br />contract, Developer 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. On failing to do so, the City <br />may procure such insurance for the Developer and the Developer shall <br />pay the cost. <br /> <br /> 10. Hold Harmless Agreement. Developer hereby agrees to, and <br />shall hold City, its elective and appointive Boards, Commissions, <br />officers, agents, and employees, harmless from any liability for damage <br />or claims for damage for personal injury, including death, as well as <br />from claims from property damage which may arise from Developer's <br />contractors', subcontractors', agents' or employees' operation under <br />this agreement, whether such operations be by Developer or by any of <br />Developer's contractors, subcontractors, or by any one or more persons <br />directly employed by, or acting as agent for, Developer or any <br /> of Developer's contractors or subcontractors. Developer agrees to, <br />and shall defend City and its elective and appointive Boards, Commissions, <br /> <br />-3- <br /> <br /> <br />