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9 <br />or anther entity'` or person t h at the City of odw City, such policy <br />shall contain the standard farm of cross liability ondora iit. <br />such ineera shall also specifically insu any contractual <br />liability assumed by Subdivider umd*r the terms of this agreement. <br />5 Timm is of the essence of this agreement; provid d, hwever, <br />6* It is agroed that title and ownership of all inprovemonts <br />constructed borounder by Subdivider shall vest absolutely in City, <br />upon # m...it... and c'...,. = of b improvwnents by <br />Tv All vork provided for in this agrreeviont xn4 move spocia <br />fically described in the piers and specification* bere1n referred <br />to, shall be subject to approval <,, <br />