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DES : djk 06 / 04 / 96 ( 013 / 70 ) <br /> parts of the Improvements or work . Should Owner fail to act <br /> promptly to make such repair , replacement or reconstruction , or <br /> otherwise to act in accordance with this requirement to repair , <br /> replace or reconstruct , or should the exigencies of the case <br /> require that repair , replacement or reconstruction be made before <br /> Owner can be notified , the City may , at its option , make the <br /> necessary repair , replacement or reconstruction or perform the <br /> necessary work and Owner shall pay to City the actual cost of <br /> thereof plus fifteen percent ( 15 % ) . <br /> Notwithstanding any provision to the contrary as set forth <br /> ti <br /> in this Agreement , Owner shall not be responsible for repair , <br /> CD <br /> replacement , or reconstruction of any Improvements , necessitated CO CD <br /> by Acts of God , acts of third parties ( other than Owner , its , ,,,V <br /> agents , employees or contractors ) beyond Owner ' s ability to <br /> control , civil emergencies , natural disasters , or similar acts or <br /> events . <br /> 9 . SECURITY TO INSURE GUARANTEE . Owner agrees , as a <br /> condition precedent to City ' s acceptance of any of the <br /> Improvements which are the subject of this Agreement , to furnish <br /> and file with the City Clerk a bond or deposit in the amount of <br /> Two Hundred Fifty-three Thousand and No / 100 Dollars ( $ 253 , 000 . 00 ) <br /> for all expressly conditioned Improvements to secure Owner ' s <br /> compliance with the provisions of Paragraph 8 hereof , for a <br /> period of one ( 1 ) year after final acceptance of the work done <br /> under this Agreement . <br /> 8 <br />