The developer shall agree to indemnify and save harmless the City against and from any and all loss, cost, damage, liability and expense on account of damage to property of, injury to or death of persons or parties caused by, growing out of or in any way whatsoever 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 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 one hundred thousand dollars ($100,000) to three hundred thousand dollars ($300,000) for injury to or death of persons, and in the sum of fifty thousand dollars ($50,000) to one hundred thousand dollars ($100,000) for damage to or destruction of property, which insurance contracts shall include the City as a named insured. The developer agrees 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. 1964-62. Passed 7-16-64.)