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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, prior <br /> 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 or <br /> 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 . <br /> Page 5 <br /> F:\UTILITIES\UTILITY - ENGINEERING\PROJECTS - UTILITY CONSTRUCTION PERMITS\REYES DUPLEX UCP # 2360WGREEMENT - DEVELOPERS AGREEMENT -OFFSITE GRAVITY SEWER REYES <br /> DUPLEX 2.DOC <br />