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14. Maintenance Security. Prior to initial acceptance of any of the work constructed hereunder or <br /> the release of any of the securities required under Paragraph 13., hereof, Subdivider shall furnish the City a <br /> maintenance and repair security in a form acceptable to the City Engineer in the amount of SIX <br /> THOUSAND ONE HUNDRED DOLLARS (56,100.00) to guarantee that all areas to be improved are free <br /> from defect for a period of one year after initial acceptance of entire work by the City. In the event <br /> Subdivider fails, neglects or refuses to maintain and repair said areas, City is hereby authorized to expend all <br /> or any portion of said deposit during construction and during the one year maintenance period to accomplish <br /> the above. Upon notice by City and should it become necessary for City to utilize said deposit to correct <br /> deficiencies, Subdivider shall pay sufficient monies to City to maintain this cash deposit at not less than <br /> FOUR HUNDRED DOLLARS (5400.00) until final inspection of all the improvements and final acceptance <br /> of all public improvements. Any unexpended amount will be returned to the Subdivider at the time all <br /> bonds and securities are released. <br /> 15- Hold Harmless Agreement. Subdivider hereby agrees to, and shall, hold City, its elective and <br /> appointive boards, commissions, officers, agents and employees harmless from and against any or all loss, <br /> liability. expense, claim, costs, suits. damages of every kind, nature and description directly or indirectly <br /> arising from the performance of the work from Subdivider, Subdivider'scontractors', subcontractors', agents' <br /> or employees' operations under this Agreement. Subdivider agrees to, and shall, defend City and its elective <br /> and appointive boards, commissions, officers, agents and employees from any suits or actions at law or in <br /> equity for damages caused or alleged to have been caused, by reason of any of the aforesaid operations; <br /> provided as follows: <br /> a. That City does not, and shall not, waive any rights against Subdivider which it may <br /> have by reason of the aforesaid hold harmless agreement, because of the <br /> acceptance by City, or the <br /> deposit with City by Subdivider, of any of the insurance policies described in <br /> paragraph 16 hereof. <br /> TRACT MAP 7183 <br /> SUBDIVISION IMPROVEMENT AGREEMENT (PUBLIC IMPROVE \IENT) <br /> FvTMPRM7183\SUB I M P I.AGR <br /> PAGE 6 OF 16 <br />