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• <br /> said maintenance affecting public health, safety and welfare must be posted and maintained <br /> throughout the two year maintenance period. The amount of the warranty bond shall be ten <br /> 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 the <br /> facilities throughout the two year maintenance period. Alternatively, an equivalent cash <br /> deposit to an escrow account administered by a local bank designated by the City may be <br /> acceptable. <br /> E. Liability Insurance. The developer constructing the facility shall maintain a <br /> liability 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, which <br /> small name the City as an additional insured and which shall protect the City from any <br /> liability up to those amounts for any accident, negligence, failure of the facility, or any <br /> other liability whatsoever, relating to the construction or maintenance of the facility. Said <br /> liability policy shall be maintained for the duration of the facility by the owner of the <br /> facility, provided that in the case of facilities assumed by the City for maintenance pursuant <br /> to Section 8 of this ordinance, said liability policy shall he terminated when City Council <br /> accepts the facility and City maintenance responsibility commences. <br /> SECTION 8: CITY ASSUMPTION OF OPERATION AND MAINTENANCE <br /> The City may assume the operation and maintenance of retention/detention or other <br /> drainage treatment/abatement facilities after the expiration of the two (2) year operation and <br /> maintenance period in connection with the subdivision of land if: <br /> A. All of the requirements of Section 7 of this ordinance have been fully <br /> complied with; and <br /> B. The facilities have been inspected and accepted by the Utility Department <br /> after two (2)years of operation in accordance with the Procedures Manual; and <br /> C. All necessary easements entitling the City to properly maintain the facility <br /> have been conveyed to the City and recorded with the Snohomish County Auditor; and <br /> D. The warranty bond required in Section 7(d) of this ordinance has been <br /> extended for one year, covering the City's first year of operation and maintenance; and <br /> C STAGN:DM:STORM ORD(LM9/27/96) <br /> 20 <br />