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DES : djk 06 / 04 / 96 ( 013 / 70 ) <br /> specified . The amount of said security shall be Two Million Five <br /> Hundred Thirty Thousand and No / 100 Dollars ( $ 2 , 530 , 000 . 00 ) . <br /> Owner shall likewise , before the release of said map , furnish and <br /> file with the City Clerk a bond or deposit securing the payment <br /> by Owner of all bills for labor and materials incurred in the <br /> construction of the Improvements and the doing of all other work <br /> herein agreed to be done by Owner , with respect to the <br /> Improvements . The amount of said security shall be Two Million <br /> Five Hundred Thirty Thousand and No / 100 Dollars ( $ 2 , 530 , 000 . 00 ) . <br /> C <br /> The aforementioned security shall include , in addition to the c <br /> CD <br /> principal amounts , a guarantee of the payment of costs and Co <br /> C) <br /> reasonable expenses and fees , including reasonable attorneys ' OD <br /> fees , incurred by City in the event of successful enforcement of OD <br /> such security . <br /> 3 . HOLD HARMLESS . Owner shall protect , indemnify , and <br /> hold harmless the City , its Council , boards , commissions , <br /> officers , agents , and employees , from and against any and all <br /> liability , losses , damages , claims , causes of action , or actions <br /> arising out of any accident , occurrence or incident resulting <br /> from , or alleged to have resulted from the construction of any of <br /> the Improvements by Owner , the negligent performance of any <br /> contractual responsibility of Owner , or any negligent action of <br /> Owner undertaken by Owner as a result of , or in the furtherance <br /> of , such construction or other responsibility of Owner . Owner <br /> shall also protect , indemnify and hold harmless the above parties <br /> for any liability from and against claims and liability based <br /> 4 <br />