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<br />DES:djk 09/03/97 <br /> <br />(013/72) <br /> <br />necessary repair, <br /> <br />replacement or <br /> <br />reconstruction or perform the <br /> <br />necessary work and Owner <br /> <br />shall pay to City the actual cost of <br /> <br />thereof plus fifteen percent (15%). <br /> <br />Notwi thstanding aI"'.Y provision to the contrary as set :orth <br /> <br />In this Agreement, <br /> <br />Owner <br /> <br />shall <br /> <br />not be <br /> <br />responsible <br /> <br />for <br /> <br />repair, <br /> <br />~eplacement, or ~econstruction of any Improvements, necessitated <br /> <br />by Acts <br /> <br />of God, <br /> <br />acts <br /> <br />of <br /> <br />third parties <br /> <br />(other <br /> <br />than Owner, <br /> <br />its <br /> <br />agents, <br /> <br />employees <br /> <br />or <br /> <br />contractors) <br /> <br />beyond <br /> <br />OVlner's <br /> <br />ability <br /> <br />to <br /> <br />control, civil emergencies, natural disasters, or similar acts or <br /> <br />events. <br /> <br />9. <br /> <br />SECURITY <br /> <br />TO <br /> <br />INSURE <br /> <br />GUARANTEE. <br /> <br />Owner <br /> <br />agrees, <br /> <br />as <br /> <br />a <br /> <br />condition <br /> <br />precedent <br /> <br />to <br /> <br />City's <br /> <br />acceptance <br /> <br />of <br /> <br />any <br /> <br />of <br /> <br />the <br /> <br />Improvements which are the subject of this Agreement, to furnish <br /> <br />and file with the City Clerk a bond or deposit in the amount of <br /> <br />($256,700.00) <br /> <br />for <br /> <br />all <br /> <br />expressly <br /> <br />conditioned <br /> <br />Improvements <br /> <br />to <br /> <br /> <br />Two Hundred Fifty-six Thousand Seven Hundred and No/100 Dollars <br /> <br />secure <br /> <br />Owner's <br /> <br />compliance <br /> <br />with <br /> <br />the <br /> <br />provisions <br /> <br />of <br /> <br />Paragraph <br /> <br />8 <br /> <br />hereof, <br /> <br />for a period of one <br /> <br />(1 ) <br /> <br />year after final acceptance of <br /> <br />the work done under this Agreement. <br /> <br />10. <br /> <br />DEPOSIT <br /> <br />FOR <br /> <br />PLAN <br /> <br />CHECK <br /> <br />AND <br /> <br />INSPECTION. <br /> <br />Owner <br /> <br />shall <br /> <br />deposit with City the sum of Forty Thousand Two Hundred Fifty and <br /> <br />No/IOO <br /> <br />Dollars <br /> <br />($40,250.00) <br /> <br />("Deposit") , <br /> <br />less <br /> <br />all <br /> <br />amounts <br /> <br />prev ious ly paid City by Owner for such services, <br /> <br />to compensate <br /> <br />City for all engineering, <br /> <br />inspection, plan check, laboratory and <br /> <br />field testing, construction, a~d other services furnished by City <br /> <br />1.n <br /> <br />connectiOII <br /> <br />Vi i th <br /> <br />the <br /> <br />Improvements <br /> <br />fer <br /> <br />the <br /> <br />said <br /> <br />subdivision. <br /> <br />Owner understë.nds <br /> <br />that <br /> <br />the <br /> <br />Deposit <br /> <br />1.5 <br /> <br />an estimate and <br /> <br />further <br /> <br />8 <br />