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<br /> <br />Cash or instruments of credit shall be in an amount not less <br />than 1000 of the total estimated cost of improvements which is as <br />follows: <br />$3,160,000.00 <br />In event of breach by Subdivider, 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 Subdivider. Subdivider shall be liable to the City for any <br />excess costs or damages suffered by the City. <br />9. Assessment District Credit. Developer may request the <br />formation of a special Assessment District or other Benefit District <br />in order to be reimbursed for the cost of all or a portion of the work <br />described herein. City agrees to consider the establishment of such <br />District ( ) . <br />10. Financing. In the event City and Subdivider enter a con- <br />tract upon mutually .agreeable terms providing an appropriate special <br />assessment act for financing and improvement of streets and. easements, <br />the City may consent. to the following: <br />a. The inclusion of this development and .other lands within <br />said contracts, and <br />b. the release of improvement. security as defined in <br />.Section 66499 of the Government Code, where the <br />assessment contract has filed surety bonds for <br />said improvements. <br />11. Defects. Subdivider 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, Subdivider shall file improvement or maintenance <br />security with the City Clerk, of a type approved by the City Attorney, <br />in the amount of 400 of the total estimated. cost set forth above. <br />12. Worker's Compensation. Before commencing .work under this <br />contract ,Subdivider 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. If the Acting General Contractor <br />is not the Subdivider, then the General Contractor will provide the <br />City with the said certificate of worker's compensation insurance <br />prior to start of construction. On failing to do so, the City may <br />procure such insurance for the Subdivider and the Subdivider .shall. <br />pay the cost. <br />-4- <br />