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• <br /> <br />through an assessment district proceeding, and where said bonds have been <br />filed with the City Clerk prior to the execution of this Agreement, as a part of <br />the existing improvement district proceedings, and <br />e. a maintenance bond for a period of one year following final acceptance by the <br />City Council of said public improvements valued at ten percent (10%) of the <br />estimated value of the public improvements. <br />One bond shall be in the amount of 100% of the total estimated cost of the public <br />improvements, conditioned upon faithful performance of this Agreement, and one bond in the <br />amount of 100% of the total estimated cost of the work for public improvements shall secure <br />payment for labor and materials. <br />Instruments of credit shall be in an amount not less than 100% of the total estimated cost of <br />improvements which is as follows: <br />$130,000 <br />In the event of any breach by Developer, City may take over the work and prosecute the <br />same to completion by any method the City deems advisable. Said work shall be for the account <br />and at the expense of the Developer. Developer shall be liable to the City for any excess costs or <br />damages suffered by the City. <br />8. Defects. Developer shall be liable for defects in workmanship and materials on all of <br />the above described improvements for a period of one (1) year after acceptance and, as security <br />for liability against such defects, Developer shall file improvement or maintenance security with <br />the City Clerk, of a type approved by the City Attorney, in the amount often (10) percent of the <br />total estimated cost set forth above. <br />9. Worker's Compensation. Before commencing work under this contract, Developer <br />shall take out and maintain during the course of this Agreement, such worker's compensation <br />insurance as required by the laws of the State of California. If the General Contractor is not the <br />Developer, then the General Contractor will provide the City with said certificate of worker's <br />compensation insurance prior to start of construction. On failing to do so, the City may procure <br />such insurance for the Developer and the Developer shall pay the cost. <br />10. Hold Harmless. Developer shall hold City, its elective and appointive Boards, <br />Commissions, and Council, its officers, agents, and employees, harmless from any liability for <br />damage or claims for damage for personal injury, including death, as well as from claims from <br />property damage which may arise from the work of Developer, or Developer's contractors, <br />subcontractors, agents, or employees under this Agreement, whether such work be by Developer <br />or by any of Developer's contractors, subcontractors, or by any one or more persons directly <br />employed by, or acting as agent for, Developer or any of Developer's contractors or <br />subcontractors. Developer agrees to, and shall, defend City and its elective and appointive <br />Boards, Commissions, and Council, and its officers, agents and employees from any suits or <br />agre-pd2.sam <br />-3- <br />