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throughout the two year maintenance period. The amount of the warranty bond shall be <br /> ten percent of the estimated construction cost of the drainage facilities. In addition, the <br /> warranty bond shall cover the cost of design defects and/or failures in workmanship of <br /> the facilities throughout the two year maintenance period. Alternatively, an equivalent <br /> cash deposit to an escrow account administered by a local bank designated by the City <br /> may be acceptable. <br /> E. Liability Insurance. The developer constructing the facility shall maintain a liability <br /> insurance policy in the amount of five hundred thousand dollars per individual, one <br /> million dollars per occurrence, and five hundred thousand dollars property damage, <br /> which shall name the City as an additional insured and which shall protect the City from <br /> any liability up to those amounts for any accident, negligence, failure of the facility, or <br /> any other liability whatsoever, relating to the construction or maintenance of the facility. <br /> Said liability policy shall be maintained for the duration of the facility by the owner of <br /> the facility, provided that in the case of facilities assumed by the City for maintenance <br /> pursuant to Section 8 of this ordinance, said liability policy shall be terminated when City <br /> Council accepts the facility and City maintenance responsibility commences. <br /> SECTION 8: CITY ASSUMPTION OF OPERATION AND MAINTENANCE. <br /> Section 8 of Ordinance 2182-96 (previously amended by Ord. 3168-10 § 8 and Ord. 2196-97 <br /> § 8 and currently codified at EMC 14.28.430) remains in effect and is not amended by this <br /> ordinance. <br /> SECTION 9: RETROACTIVITY RELATING TO CITY MAINTENANCE. <br /> Section 9 of Ordinance 2182-96 (previously amended by Ord. 2196-97 and currently <br /> codified at EMC 14.28.440) remains in effect and is not amended by this ordinance. <br /> SECTION 10: APPLICABILITY TO GOVERNMENTAL ENTITIES. <br /> Section 10 of Ordinance 2182-96 (previously amended by Ord. 3168-10 § 10 and Ord. 2196- <br /> 97 § 10 and currently codified at EMC 14.28.450) remains in effect and is not amended by <br /> this ordinance. <br /> SECTION 11: ENFORCEMENT. <br /> 32 <br />