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<br />DES:djk 04/16/96 <br /> <br />(004/70) <br /> <br />(f) <br />(g) <br /> <br />street monuments <br /> <br />redwood headerboards <br /> <br />and all other work, improvements, or construction required by or <br /> <br />mentioned <br /> <br />in <br /> <br />the <br /> <br />abovementioned <br /> <br />plans <br /> <br />and <br /> <br />specifications, <br /> <br />conditions <br /> <br />of permits <br /> <br />and all construction, <br /> <br />appurtenances <br /> <br />and <br /> <br />improvements <br /> <br />necessary <br /> <br />as <br /> <br />reasonably <br /> <br />determined <br /> <br />by <br /> <br />the <br /> <br />City <br /> <br />Engineer to complete the aforementioned improvements, both within <br /> <br />and outside of the abovementioned subdivision. <br /> <br />2. <br /> <br />SECURITY. <br /> <br />Owner <br /> <br />shall, <br /> <br />before <br /> <br />the <br /> <br />release <br /> <br />of <br /> <br />said <br /> <br />parcel map by City for recordation, furnish to City and file with <br /> <br />the <br /> <br />City <br /> <br />Clerk <br /> <br />a <br /> <br />bond <br /> <br />or <br /> <br />deposit <br /> <br />securing <br /> <br />the <br /> <br />faithful <br /> <br />performance by Owner of all work and the construction of the <br /> <br />Improvements mentioned in this Agreement within the time herein <br /> <br />specified. <br /> <br />The <br /> <br />amount <br /> <br />of <br /> <br />said <br /> <br />security <br /> <br />shall be <br /> <br />Sixty-three <br /> <br /> <br />Thousand and No/100 Dollars ($63,000.00). <br /> <br />Owner shall likewise, <br /> <br />before the release of said map, furnish and file with the City <br /> <br />Clerk a bond or deposit securing the payment by Owner of all <br /> <br />bills for labor and materials incurred in the construction of the <br /> <br />Improvements and the doing of all other work herein agreed to be <br /> <br />done by Owner, with respect to the Improvements. The amount of <br />said security shall be Sixty-three Thousand and No/lOa Dollars <br />($63,000.00). The aforementioned security shall include, in <br /> <br />addition to the principal amounts, a guarantee of the payment of <br /> <br />costs <br /> <br />and <br /> <br />reasonable <br /> <br />expenses <br /> <br />and <br /> <br />fees, <br /> <br />including <br /> <br />reasonable <br /> <br />attorneys <br /> <br />fees, <br /> <br />incurred <br /> <br />by <br /> <br />City <br /> <br />in <br /> <br />the <br /> <br />event <br /> <br />of <br /> <br />successful <br /> <br />enforcement of such security. <br /> <br />3. <br /> <br />HOLD <br /> <br />HARMLESS. <br /> <br />Owner <br /> <br />shall <br /> <br />protect, <br /> <br />indemnify, <br /> <br />and <br /> <br />hold <br /> <br />harmless <br /> <br />the <br /> <br />City, <br /> <br />its <br /> <br />Council, <br /> <br />boards, <br /> <br />commissions, <br /> <br />3 <br /> <br />~ <br />, <br />