The developer shall agree to indemnify and save harmless the city against any and all loss, cost, damage, liability and expense on account of damage to property of, or injury to or death of, the parties hereto or a third person, caused by, growing out of or in any way attributable to the construction of such improvements and the use of the street delineated on the subdivision plat during construction. The developer shall further agree, but without limiting his or her liability to indemnify the city, to carry liability insurance
contracts with a reliable insurance company covering the period of such construction in the sum of $1,000,000 to $2,000,000 for injury to or death of persons, and in the sum of $100,000 for damage to or destruction of property, which insurance contracts shall include the city as a named insured. The developer shall agree to maintain on file with the city during the period of such construction, certificates or memoranda of insurance evidencing that such insurance contracts are in force.
(Ord. 16-63, passed 5-20-1963; Ord. 12-16, passed 2-22-2016)