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<br />DES:djk 01/23/97 <br /> <br />(022/66) <br /> <br />necessary repair, <br /> <br />replacement or reconstruction or perform the <br /> <br />necessary work and Owner shall pay to City the actual cost of <br /> <br />thereof plus fifteen percent (15%). <br /> <br />Notwithstanding any provision to the contrary as set forth <br /> <br />in this Agreement, <br /> <br />Owner shall not be responsible for repair, <br /> <br />replacement, or reconstruction of any Improvements, necessitated <br /> <br />by Acts of God, <br /> <br />acts of third parties <br /> <br />(other than Owner, <br /> <br />its <br /> <br />agents, <br /> <br />employees <br /> <br />or <br /> <br />contractors) <br /> <br />beyond <br /> <br />Owner'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 />for <br /> <br />all <br /> <br />expressly <br /> <br />conditioned <br /> <br />Improvements <br /> <br />to <br /> <br />secure <br /> <br />Owner's <br /> <br /> <br />and file with the City Clerk a bond or deposit in the amount of <br /> <br />One Hundred Sixty-one Thousand and No/100 Dollars <br /> <br />($161,000.00) <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 <br /> <br />a <br /> <br />period of one <br /> <br />(1 ) <br /> <br />year after final acceptance of the work done <br /> <br />under this Agreement. <br /> <br />10. <br /> <br />DEPOSIT <br /> <br />FOR PLAN <br /> <br />CHECK AND <br /> <br />INSPECTION. <br /> <br />Owner <br /> <br />shall <br /> <br />deposit with City the sum of Fifty-five Thousand Forty and No/100 <br /> <br />Dollars <br /> <br />($55,040.00) <br /> <br />("Deposit") , <br /> <br />less <br /> <br />all <br /> <br />amounts <br /> <br />previously <br /> <br />paid City by Owner for such services, to compensate City for all <br /> <br />engineering, <br /> <br />inspection, <br /> <br />plan <br /> <br />check, <br /> <br />laboratory <br /> <br />and <br /> <br />field <br /> <br />testing, <br /> <br />construction, <br /> <br />and other services furnished by City in <br /> <br />connection with the Improvements for the said subdivision. <br /> <br />Owner <br /> <br />understands that the Deposit is an estimate and further agrees to <br /> <br />8 <br />