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18.4 In the event that Developer's insurance is cancel�ed, Developer shall provide <br /> replacement coverage or all work must cease as of the cancell�tion date unril replacement <br /> insurance coverage is pmvided. <br /> 19. Workers' Co tion Insurance. Developer sh�ll provid�, or cause to be provided, <br /> Workers' Compensadon insurance as roquired by law, and shall cause it� contractors and their <br /> subcontractors,agents�nd represcntatives to also mainta.in 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. ComDliance with Laws. Developer shall comply with all feder�l, staEe and �ocal l�ws, <br /> ardinances and regularions in the performance of this Agreement. Developec shatl, �t its own cost and <br /> expense,obtain all necessary permits and licens�s for the Wark, give all necessary notices,pay all fees <br /> and taxes required by law and make any�nd�11 deposits legally required by those public urilities that will <br /> serve the residential developtnent on the Property. Copies �nd/ar proof of payment of said pernrits, <br /> licenses,norices,fce and tax payments and aeposits shall be fumished to the City Engineer�on request. <br /> 21. Encroschme�it Pemr�its. Developer shall obt�in, at its sale cost and expense, �ny <br /> encroachment permits required by City in arder to�rf'orm the Work. <br /> 22. p Ci1�.S. Developer agree� that it witl pay, when due, all those fumishing labcir ar <br /> materials in connxtion with thc Work. Developer fiuther �grees that pursuant to Gavernnunt Code <br /> section 66499.7, the P�yment Security provided by Developer in accordance with Section 13.1 of this <br /> Agreement shall not be released if any mechanics liens or stop notices are out�nding,unless said liens <br /> �re relessed by bond in compliance with Civil Code section 8424. <br /> 23. �otice of Breach�,d Default. The occurrence of any of the following constitutes a <br /> hreach and default of this Agroement: <br /> (1) Developer refuses ar fails to complete the Work within the time set forth herein <br /> or abandons the Work. <br /> (2) Developer assigns the Agreement without the pri�written conscnt of City. <br /> (3) Developer is adjudged banlQUpt or makes a gener�l�ssignment for the benefit of <br /> creditors,or a receiver is agpointed in the event of Developer's insolvency. <br /> (4) Developer or Developer's contractors, subcontractors, agents ar employees, fail <br /> to compty with any terms or conditions of this Agreement. <br /> (5) Any delay in the construcrion of any portion of the Work or repairs,which in the <br /> reasonable opinion of the City Engineer,enda.ngers public ar private praperty. <br /> City may serve written notice of breach�nd default upon Developer and the financial institution holding <br /> the securities. <br /> 24. Q��y to Cure. ff City gives Developer notice wnder Section 24 of breach and <br /> default of this Agxment, Developer sha11 have 30 days within which to correct, remedy or cure the <br /> �fault. If the written notification st�tes tliat the pr�lem is urgent and relates to the public health�nd <br /> safety, then Developer shall have 24 bours to correct,remedy or cure the default. If Devetoper does nat <br /> Rev:o3-ia-ia vR <br /> PaQe!of 19 <br /> ATTY/AGR.2014.034JOne Marina Final Phase-Improvemcnt Agreement <br />