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.. ~ ~~, <br />of the total estimated cost of the work for each stage of development <br />shall secure payment for labor and materials. <br />Cash or instruments of credit shall be in an•amount nat less than <br />1000 of the total estimated cost of improvements which is as follows: <br />Sum of $206,000. <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 />8. 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 tract and other lands within <br />said contracts, and <br />.:~ <br />b. the release of improvement security as defined <br />in Section 66499 of the Government Code, where <br />the assessment contract has filed surety bonds <br />for said improvements. <br />9. 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 mainten- <br />once security with the City Clerk, of a type approved by the City <br />Attorney, in the amount of 40a of the total estimated cost set forth <br />above . <br />10. Workmen's Compensation. Before commencing work under this <br />contract, Subdivider shall take out and maintain during tine course of <br />i <br />-4- <br />