Agmt08 Costco - Laserfiche WebLink

Browse Search

with this requirement to repair, replace, or reconstruct, or should the exigencies of the case require that repair, replacement, or reconstruction be made before Owner can be notified, the City may, at its option, make the necessary repair, replacement, or reconstruction or perform the necessary work, and Owner shall pay to City the actual cost of thereof plus fifteen (15) percent. Notwithstanding any provision to the contrary as set forth in this Agreement, Owner shall not be responsible for repair, replacement, or reconstruction of any Improvements, necessitated by Acts of God, acts of third parties (other than Owner, its agents, employees, or contractors) beyond Owner's ability to control, civil emergencies, natural disasters, or similar acts or events. 8. Security to Insure Guarantee. Owner agrees, as a condition precedent to City's acceptance of any of the Improvements which are the subject of this Agreement, to furnish and file with the City Clerk a bond or deposit in the amount of $81,825.00 for all expressly conditioned Improvements to secure Owner's compliance with the provisions of Paragraph 7 hereof, for a period of one (1) year after final acceptance of the work done under this Agreement. The bond or deposit shall be furnished by Owner or Owner's contractor, and shall be released upon request of Owner or Owner's contractor following such one (1) year period unless there then is pending against the bond a claim that was timely made. 9. Deposit for Plan Check and Inspection. Owner shall deposit with City the su~ of $28,315.00 ("Deposit"), less all amounts previously paid to City by Owner for such services, to compensate City for all engineering, inspection, plan check, laboratory and field testing, construction, and other services furnished by City in connection with ATTY/AGR/2008.014 030308 8