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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 />$600,000.00 <br /> <br /> In event of breach by Developer, City may take over the work and <br />prosecute the same to completion by any method the City deems advisable. <br />Said work shall be for the account and at the expense of the Developer. <br />Developer shall be liable to the City for any excess costs or damages <br />suffered by the City. <br /> <br /> 7. 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 /> 8. 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 /> 9. 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 of <br />Developer's contractors or subcontractors. Developer agrees to, and <br />shall defend City and its elective and appointive Boards, Commissions, <br />officers, agents and employees from any suits or actions at law or <br />equity for damages caused, or alleged to have been caused, by reason <br />of any of the aforesaid operations. In addition to the above: <br /> <br />That City does not, and shall not, waive any rights <br />against Developer which it may have by reason of <br />the aforesaid hold-harmless agreement, because of the <br />acceptance by City, or the deposit with City by <br />Developer of any of the insurance policies described <br />herein. <br /> <br />That the aforesaid hold-harmless agreement by Developer <br />shall apply to all damages and claims for damages of <br />every kind suffered, or alleged to have been suffered, <br />by reason of any of the aforesaid operations referred <br /> <br /> <br />