hereto, by the date specified in Section 4 the

City may by its employees or contractors corm lete
the Works at the cost of the Developer andi lize

the letters of credit in whole or in part or the

cost of the Developer's Share of such cor -etion,

and if there is insufficient security 0: deposit
with the City to meet the Developer's share of
either of the Works as set forth in Section 3(a),
3(b) or 3(c), then the Developer will pay such

deficiency to the City immediately upon receipt of

the notice of the City's costs for completion: and

(c) if the Works or any portion thereof are completed
as herein provided, then any unexpended balance of
gh the letter of credit relating to such completed
wes Works shall be returned to the Developer. In
particular, if the Works described in Section 3(a)

are completed in accordance with Sections 3 and 4

the City shall release to the Developer the letter

of credit relating to that part of the Works even

ae : though remaining portions of the Works may not yet
Be | be completed. In further particular, the schedule
cop ee for the release of letters of credit or other
pyle. security held in respect of the Works as set forth

| in Schedule "B" hereto is agreed upon by the
Pa parties hereto.

6. The Developer REJ.EASES, INDEMNIFIES and SAVES the City,

its elected officials, officers, employees, and agents,
HARMLESS from and against:

(a) any claims, damage, actions, losses, or liability

whatsoever arising from the construction or
installation of the Works and any damage thereby

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