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by Developer under the texms of �his Agreement, including, bnt not limited fo,the provis'rons of subsection(a)above. 19. In the event that Developer's insurance is cancelled,Developer shall provide replacement coverage or all work must cease as of the cancellation data unYil repIacement insurance coverage is provided. 20. Workers' Comnensation Insurance. Develaper shall pravide, or cause to be provided, Workers' Compensation insui�ance as required by law, and shall cause its contractors and their subcontractors,agents and representatives to alsa rnaintain Workers'Compensation insurance as required by law. Na Work shall cozninnence until such Workers' Compensation insurance is obtained and in full force and effect. 21. Compliance with Laws. DBVeloper sha11 cornply with all federal, state and local laws, ordinances and regulations in the perFormance of tfiis Agreement. Developer shall, at its own cost and expense, obtain alI necessary permits and licenses for tha Work, give all necessary notices,pay alI fees and ta�ces required by law and make any and alf deposits legally required by those public utilities that will serve the residential development on the Property. Copies and/or proof of paymant of said permits, licenses,notices,t'ee and tax payments and deposits shall be furnished to the City Engineer upon request. 22. Encroachment Permits. Developer shall obtain, at its sole cost and expense, any ancroachment permits required by City in order to perform the Work. 23. Pavments. Developar agrees titat it will pay, when due, a11 those furnishing labor or materials in connec#ion with the Work. Davetoper further agrees that pursuant to Government Code section 66499.7, the Payment Security provided by Developer in accordance with Section 13.1 of this . Agreemant shall not be released if any mechanics liens or sfiop notices are outstanding,unless said liens are ral8ased by bond in compliance with Civil Code section 3143. 24. Notice of Breach and Defauit. The occurrence of any of the following constitutes a breach and default of this Agreement: (1) Developer refuses or fails to camplate the Work within the time set forth herein or abandons the W ork. (2} Developer assigns f.he Agreement in violation of Section 31 below. (3) Developer is adjudged bankrupt or makes a general assignment for the benefit of creditors,ar a receiver is appointed in the event of Developer's insolvency. {4) Developer or Developer's cont��actors,subcontractors,agents or employees,fail to comply with any terms or conditions of this Agresmant following the City's written nofice to cure set out below. (5) Any delay in tha construction of any portion of the Work or rapairs,which in the � reasonable opinion of the City Engineer,endangers public or private property following the City's written notice to cure sat out below. City may sarve written notice of breach and default upon Developer and the financial institufion holding the securities. ATTYlAGRI2012.065l2580 ECR(URBAN HOUSING)SUBDNISION IMPROVEf1AENT AGREEMENT REV:06-05-12 VR P�qe9of16 � i