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20 . Compliance with Laws. Developer shall comply with all federal, state and <br /> local laws, ordinances and regulations in the performance of this Agreement. <br /> Developer shall , at its own cost and expense, obtain all necessary permits and licenses <br /> for the Work, give all necessary notices, pay all fees and taxes required by law and <br /> make any and all deposits legally required by those public utilities that will serve the <br /> residential development on the Property. Copies and/or proof of payment of said <br /> permits, licenses, notices, fee and tax payments and deposits shall be furnished to the <br /> City Engineer upon request. <br /> 21 . Encroachment Permits. Developer shall obtain , at its sole cost and <br /> expense, any encroachment permits required by City in order to perform the Work. <br /> 22 . Payments. Developer agrees that it will pay, when due, all those <br /> furnishing labor or materials in connection with the Work. Developer further agrees that <br /> pursuant to Government Code section 66499.7, the Payment Security provided by <br /> Developer in accordance with Section 13 . 1 of this Agreement shall not be released if <br /> any mechanics liens or stop notices are outstanding , unless said liens are released by <br /> bond in compliance with Civil Code section 8424. <br /> 23 . Notice of Breach and Default. The occurrence of any of the following <br /> constitutes a breach and default of this Agreement: <br /> (1) Developer refuses or fails to complete the Work within the time set <br /> forth herein or abandons the Work. <br /> (2) Developer assigns the Agreement without the prior written consent <br /> of City. <br /> (3) Developer is adjudged bankrupt or makes a general assignment for <br /> the benefit of creditors, or a receiver is appointed in the event of <br /> Developer's insolvency. <br /> (4) Developer or Developer's contractors, subcontractors, agents or <br /> employees, fail to comply with any terms or conditions of this <br /> Agreement. <br /> (5) Any delay in the construction of any portion of the Work or repairs, <br /> which in the reasonable opinion of the City Engineer, endangers <br /> public or private property. <br /> City may serve written notice of breach and default upon Developer and the financial <br /> institution holding the securities. <br /> 24. Opportunity to Cure. If City gives Developer notice under Section 23 of <br /> breach and default of this Agreement, Developer shall have 30 days within which to <br /> correct, remedy or cure the default. If the written notification states that the problem is <br /> urgent and relates to the public health and safety, then Developer shall have 24 hours <br /> Page 11 of 23 <br /> REV: 08-11-16 VR <br /> ATTY/AGR.2016.214/FINGER IMPROVEMENT AGREEMENT <br />