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•together with all interest thereon, shall be'refunded by the City to Developer. <br /> The City Council shall authorize reduction of the amount of the bond or <br /> • deposit as completion of the Improvements progresses, based upon recommenda- <br /> tions-.by <br /> ecommenda-tions by the City Engineers and the City Engineers' estimate of the cost of <br /> completion of the Improvements. The bond or security shall not expire prior <br /> to a date 30 days after the date for final completion of all work as referred <br /> to in paragraph 4 hereof. <br /> 9. Erosion Control. Developer, at Developer's expense, shall <br /> provide temporary dams, earthwork or such other devices, including seeding of <br /> graded areas, as shall be needed, in the judgment of the City Engineers, to <br /> prevent the washing, flooding, sedimentation and- erosion of lands and roads <br /> within and. outside the development during all phases of said construction. <br /> 10. Replacement. All work and materials performed and furnished <br /> hereunder by Developer, Developer's.agents and subcontractors, found by the <br /> • City to be defective within one year after acceptance by the City shall be <br /> replaced by Developer at Developer's sole expense. <br /> 11. . Liability Insurance. Developer shall take out and maintain <br /> during the life of this agreement public liability and property damage <br /> insurance covering personal injury, including death, and claims for property <br /> damage.-which may arise out of Developer's work or the work of Developer's <br /> subcontractors; or by one directly or indirectly employed by any of them. <br /> Limits for..bodily injury or, death shall be not less than $200,000 for one <br /> person and $500,000 for each accident; limits for property damage shall be <br /> not less than $100,000 for each accident and $500,000 for accidents during <br /> the policy period. The City shall be named as co-insured on said policy <br /> and Developer shall file a certificate of insurance or copy of the policy <br /> evidencing'.such insurance coverage with the City. Developer will cause <br /> • each person or company with whom Developer contracts for installation of <br /> the Improvements to 11 furnish the City with the same evidence of complete <br /> insurance coverage as is required to be furnished by Developer. <br /> -5- <br />