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<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 />$1,090,00.0.0.0 <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 />7. 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 the project. City agrees <br />to consider the establishment of such District(_s). <br />8. .Defects. Developer shall be liable for defects in <br />workmanship and materials on all of the above-described improvements <br />for a period of one (1) year after acceptance and as security for <br />liability against such defects, Developer shall file improvement <br />or maintenance security with. the .City Clerk., o~ a type approved by <br />the City Attorney, in the amount of 400 of the total estimated <br />cost set forth above. <br />9. [corker's Compensation. Before <br />this contract., Developer shall take out <br />course of this agreement, such worker's <br />as required by the laws `of the State of <br />to do so, the City may procure such ins <br />and the Developer shall pay the cost. <br />commencing work under <br />and maintain during the <br />compensation insurance <br />California. On failing <br />arance for the Deve oiler <br />l0. 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 <br />damage or claims for damage for personal injury, including death-, <br />as well as from claims from property damage which may arise from <br />Developer's contractors', subcontractors', agents' or employees' <br />operation under this agreement,. whether such. operations be by <br />Developer or by any of Developer's contractors, subcontractors, or <br />by any one. or more. persons directly employed by, or acting as <br />agent for, Developer or any of Developer_'s contractors or sub- <br />contractors. Developer agrees to and shall, defend City and its <br />elective and appointive Boards, Commissions, officers, agents <br />and employees from any suits or actions. at law or equity for <br />damages caused, or alleged to have been caused, by reason of any <br />of the aforesaid operations. I"n addition to the above: <br />a. That City does not, and shall not, <br />against Developer which it may hav <br />aforesaid. hold-harmless agreement, <br />acceptance by City, or the deposit <br />Developer, of any of the insurance <br />herein. <br />waive any rights <br />e by reason of the <br />because of <br />with City. by <br />policies described <br />-3- <br />