RES 82170 - Laserfiche WebLink

Cash or instru/nents of credit shall than 100% of the total estimated cost of follows: $1,209,000.00 be in an amount not less improvements which is as In event of breach by Developer, 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 expense of the Developer. Developer shall be liable to the City for any excess costs or damages suffered by the City. 7. Assessment District Credit. Developer has requested the formation of a Special Assessment or other Benefit"District in order to be reimbursed for the cost of the project. City agrees to consider the establishment of such District. 8. Defects. Developer 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, Developer shall file improvement or maintenance security with the City Clerk, of a type approved by the City Attorney, in the amount of 40% of the total estimated cost set forth above. 9. Worker's Compensation. Before commencing work under this contract, Developer shall take out and maintain during the course of this agreement, such worker's compensation insurance as required by the laws of the State of California. On failing to do so, the City · may procure such insurance for the Developer and the Developer shall pay the cost. 10. Hold Harmless Agreement. Developer hereby agrees to, and shall hold City, its elective and appointive Boards, Commissions, officers, agents, and employees, harmless from any liability for damage or claims for damage for personal injury, including death, as well as from claims from property damage which may arise from Developer's contractors', subcontractors', agents' or employees' operation under this agreement, whether such operations be by Developer or by any of Developer's contractors, subcontractors, or by any one or more per- sons directly employed by, or acting as agent for, Developer or any of Developer's contractors or subcontractors. Developer agrees to, and shall, defend City and its elective and appointive Boards, Commissions, officers, agents and employees from any suits or actions at law or equity for damages caused, or alleged to have been caused, by reason of any of the aforesaid operations. In addition to the above: That City does not, and shall not, waive any rights against Developer which it may have by reason of the aforesaid hold-harmless agreement, because of the acceptance by City, or the deposit with City by Developer, of any of the insurance policies described herein.