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certificate of worker ' s compensation insurance with a limit of $ 100 , 000 for each accident, $ 500 ,000
<br /> disease (policy limit) and $ 100 ,000 disease (each employee) in accordance with the COUNTY ' S
<br /> Administrative Policy Manual . The DEVELOPER shall provide to the COUNTY at least thirty (30) days '
<br /> written notice by registered mail, return receipt requested, addressed to the COUNTY ' S risk manager,
<br /> prior to cancellation or modification of any required insurance .
<br /> The DEVELOPER hereby releases and holds harmless the COUNTY, and the COUNTY ' S officers,
<br /> employees and agents , from and against any and all claims for damages , costs, third party claims,
<br /> judgments , and expense to persons or property that may arise out of, or be occasioned by, any work
<br /> contemplated by this agreement, or from any act or omission of any representative, agent, client, and/or
<br /> employee of DEVELOPER, and DEVELOPER shall indemnify the COUNTY against any such claims
<br /> and any judgments that maybe entered in connection therewith, including attorney fees . DEVELOPER
<br /> shall indemnify the COUNTY against any claim for damage that any utility, whether publicly or privately
<br /> owned, may sustain or receive in connection with any work contemplated by this agreement.
<br /> DEVELOPER shall not make any claim of any kind or character whatsoever against the COUNTY for
<br /> damages that it may suffer by reason of the installation, construction , reconstruction, operation, and/or
<br /> maintenance of any public improvement, or utility, whether presently in place or which may in the future
<br /> be constructed or installed, including but not limited to , any water and/or sanitary sewer mains and/or
<br /> storm sewer facilities , and whether such damage is due to flooding, infiltration, backflow, and/or seepage
<br /> caused from the failure of any installation, natural causes, or from any other cause of whatsoever kind or
<br /> nature. It is the intention of this indemnification agreement on the part of DEVELOPER, and a condition
<br /> of this agreement, that it shall be full and total indemnity against any kind or character of claim whatsoever
<br /> that may be asserted against the COUNTY . DEVELOPER hereby agrees to defend any and all suits,
<br /> claims , and causes of action brought against the COUNTY arising out of or in connection with any work
<br /> contemplated by this agreement, and DEVELOPER agrees to pay any judgment or judgments , including
<br /> attorney fees, that may be rendered against the COUNTY or against the COUNTY ' S officers, employees
<br /> or agents in connection therewith .
<br /> 14 . Payment and Performance Bond :
<br /> The DEVELOPER agrees to furnish to INDIAN RIVER COUNTY a payment bond for 100 percent of the
<br /> total amount of the offsite utility bid and a performance bond for 125 percent of the offsite utility bid,
<br /> subject to COUNTY ' S approval , as security for the faithful performance of all of the contractor's
<br /> obligations under the contract documents . At the COUNTY'S sole discretion, the COUNTY may accept a
<br /> Letter of Credit, drawn on a reputable financial institution located within 200 miles of Vero Beach,
<br /> Florida, in lieu of a surety bond.
<br /> 15 . Maintenance Bond :
<br /> The DEVELOPER agrees to convey all right, title, and interest in the aforementioned utility improvements
<br /> to INDIAN RIVER COUNTY and provide a Maintenance Bond, subject to the COUNTY'S approval ,
<br /> issued by a reputable surety company authorized to do business in the State of Florida, for a period of one
<br /> year after the COUNTY'S acceptance of the improvements . The value of the Maintenance Bond shall be
<br /> 25 percent of the total construction value of the utility improvements . At the COUNTY's sole discretion,
<br /> the COUNTY may accept a Letter of Credit, drawn on a reputable financial institution located within 200
<br /> miles of Vero Beach, Florida, in lieu of a surety bond.
<br /> 16 . Multiple Counterparts :
<br /> This Agreement may be executed in a number of identical counterparts which , taken together, shall
<br /> constitute collectively one ( 1 ) Agreement ; but in making proof of this Agreement, it shall not be necessary
<br /> to produce or account for more than one such counterpart executed by the party to be charged.
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<br /> FdUTILITIES`.UTILITY - ENGINEERYNG\PROJECTS - UTILITY CONSTRUCTION PERMITS\MAZZARELLA SUBDIVISION UCP # 2250''.AGREEMENT - DEVELOPERS AGREEMENT - DEVELOPMENT OF OFF-SITE
<br /> UTILITIES, COUNTY STANDARD WITH PAYMENT BOND.DOC
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