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6.B. -Page 12 of 27 <br />19. Workers' Com ensation_Insurance. Developer shall provide, or cause to be provided, <br />Workers' Compensation insurance ` as required by law, and shall cause its contractors and their <br />subcontractors, agents and representatives to also maintain Workers' Compensation insurance as required <br />by law. No Work shall commence until such Workers' Compensation insurance is obtained and in full <br />force and effect. <br />20. Cgmpliance_with Laws. Developer shall comply with all federal, state and local laws, <br />ordinances and regulations in the performance of this Agreement: Developer shall, -at its -own cost and <br />expense, obtain ,all necessary permits and licenses for the Work; give ,all necessary notices, pay all fees <br />aad taxes required by law and make any and all deposits legally required by those public utilities that will <br />serve the residential development on the Property. Copies and/or proof of payment of said permits, <br />licenses, notices, fee and tax payments and deposits shall be .furnished to the City Engineer.upon request. <br />21. Encroachment _Permits. Developer shall obtain, -at its sole cost and expense, any <br />encroachment permits required by City in order to perform the Work. <br />22. Payments. Developer agrees that it will pay, when due, all those furnishing labor or <br />materials in connection with the Work. Developer further agrees that pursuant to Government Code <br />.section 66499.7, the Payment 'Security provided by Developer in accordance with Section 13.1 of this <br />Agreement shallnot be released if any mechanics liens or stop notices are outstanding, unless said liens <br />are,released by bond in compliance with Civil Code section 8424.. <br />23. Notice of Breach. and Default. The occurrence of -any of the following constitutes a <br />breach and default of this Agreement: <br />0.) Developer refuses or fails to complete the Work within'the time set forth herein <br />or abandons the Work. <br />(2) 'Developer assigns the .Agreement without the prior written consent of City. <br />(3) Developer is adjudged bankrupt or makes a general assignment for the benefit of <br />creditors, or a receiver is appointed in the event of Developer's insolvency. <br />M Developer or .Developer's contractors, subcontractors, agents or employees, fail <br />to comply with any terms or conditions of this Agreement. <br />(5) Any delay in the construction of any portion of the Work or repairs, which in the <br />reasonable opinion of the City Engineer, endangers public or private property. <br />City may serve written notice of breach and default upon Developer and the financial institution holding <br />the securities. <br />24. OQpportunity to Cure. If City gives .Developer notice under :Section 23. of breach and <br />default of this Agreement; Developer shall have 30 days within which to correct, remedy or cure the <br />default. If the written notification states that the problem .is urgent and relates to the public health and <br />safety, then Developer shall have 24 hours to correct,: remedy or cure the default. If Developer does not <br />cure the default within the applicable timeframe, City may pursue the. remedies set forth in Section 26 - <br />below. <br />25: Remedies. <br />REV: 01-21-16 VA <br />Page 9 of 19 <br />AM/AGR.2016.009/RWC ECR Venture, LLC - IA <br />