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One bond shall be in the amount of 100% of the total estimated cost of the work tor each stage of development, conditioned upon faithful performance of this agreement, and one bond in the amount of 100% of the total estimated cost of the work for each stage of development shall secure payment for labor and materials. cash or instruments of credit shall he in an amount not less than 100% of the total estimated cost of improvements which is as follows: $ 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 expense of the Subdivider. Subdivider shall be liable to the City for any excess costs or damages suffered by the City. 8. Acquisition by Assessment District. At Subdivider's request, the parties shall cooperate with each other to cause an assessment or benefit district ("Assessment District") to be formed as soon as reasonably practical and to cause the Assessment District to reimburse Subdivider for all costs and expenses incurred or paid by Subdivider if such costs and expenses are included as a part of the costs and expenses financed by the Assessment District and such costs and expenses are reimbursable by the Assessment District to Subdivider. the sale ofntheybonds ofathebAssessmenthDistrict Y( 30) days after 9. Procedure if No Assessment District. In the event the Assessment District contemplated herein is not formed, all costs, expenses and/or obligations incurred or paid by Subdivider as a result of this Agreement shall be the sole responsibility of Subdivider. Further, in the event the Assessment District does not include as reimbursable costs all the costs and expenses incurred or paid pursuant to this Agreement, those costs and expenses not reimbursable by the Assessment District shall be the sole responsibility of Subdivider. 10. Defects. Subdivider shall he liable for defects in workmanship 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 10% of the total estimated cost set forth above. 11. Worker's Compensation. Before commencing work under this contract, Subdivider 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. If the Acting General Contractor is not the Subdivider, then the General Contractor will provide the city with the said certificate of