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nb/Li/I"/ IU:4b 41b-3bb-8b01 LAW UFC U SCHRSCKER PAGE 07 <br />Owner's ability to control, civil emergencies, natural disasters, or similar acts or <br />events. <br />8. $ecurtty to Insure Guarantee. Owner agrees, as a condition <br />precedent to City's acceptance of any of the Improvements which are the subject <br />of this agreement, to fumish and file with the City Clark a bond or deposit in the <br />amount of Forty-one Thousand Seven Hundred Dollars ($41,700) for all <br />expressfy conditioned Improvements to secure Owner's compliance with ft <br />provisions of Paragraph 7 hereof, for a period of one (1) year after final <br />acceptance of the work done under this Agreement. <br />4. Davonit for Plan Chocft and InsaMlon. Owner shall deposit with <br />City the sum of TWenty-thres Thousand One Hundred f=ifty Dollars ($23,150) <br />("deposit°), loss all amounts pravlou* paid to City by Owner for such services, <br />to compensate City for all engineering, inspection, plan check, laboratory and <br />field testing, construction, and other services fumished by City in connection with <br />the Improvements. Owner understands that the Deposit Is an estimate and <br />further agrees to pay to City the actual cost of providing such services, in <br />accordance with the City's current fees. Owner agrees to complete payment of <br />such additional sum or sums for the services provided by City, if any, within ten <br />(10) days after bitting by City of the additional sum to be paid and agrees that the <br />amount payable shall be Increased by tan (10) percent In the event payment is <br />not made within such ten (10) day period. Any part of the Deposit or such <br />additional sum or sums not utilized by City shalt be returned promptly to Owner. <br />F111V4 7 <br />107 <br />FAS.'M <br />avao�etA <br />