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(c) if the Works are completed as herein’ provided, then any
unexpended balance of the cash In trust or letter of credit shal |

ba returned to the Developer.

The Developer covenants and agrees to:

(a) maintain the Works tn complete repair for a'period of one (1)

. .
.

year from the date of the Certificate of Completion and remedy

any defects appearing within the one year period’ and ‘pay for any
_ damage to other work or property resulting therefrom save and.
except for defects caused by reasonable wear and tear, negligence

of the City, its servants or. agents, or acts of God; and

(b) prior to Issuance of the Certificate of Completion, deposit wi Th.

the City for a period of one (1) year from the date of the

Certificate of Completion security in the form of -a Letter of

Credit in the amount of nineteen thousand, nine hundred and

eighty-el ght dollars ($19,988.00), being 10% of the Developer's
Share, and should the Developer fail to maintain the Works,

7 remedy any defect or pay for any damage resulting therefrom, the
City may deduct the cost of maintaining the. Works, remedying the

detect or paying the damage from the Letter 6} Credit and any

unexpended balance of the Letter of Credit shall be returned to

the Developer.

With respect to occurrences from the date of this Agreement to the

termination of the one year maintenance period the Developer

RELEASES, INDEMNIFIES and SAVES the City, its officers, employees,

~ and agents, HARMLESS from and against:
(a). any claims, damage, actions, lossas, or ltability whatsoever

arising from the construction or Installation of the Works and

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