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Bond, executed by a reliable surety company authorized to do a surety <br />business in the State of California, and upon a form acceptable to the <br />City Attorney in the sum of Twenty Five Thousand Dollars ($25,000), to <br />insure faithful performance of the obligations under this agreement. <br />If the structure is not completed in a reasonable and satisfactory <br />manner due to timeliness, poor workmanship or any other reason bring- <br />ing discredit on the City of Santa Ana, the City Council may demand <br />the structure removed and the area restored at the expense of the Con- <br />tractor_ <br />12. Corporation shall deposit with City a certificate of a respon- <br />sible insurance company showing that Corporation is insured in an amount <br />not less than Three Hundred Thousand Dollars ($300,000) for one person <br />injured in one accident, and in an amount not less than One Million <br />Dollars ($1,000,000) for more than one person injured in one accident, <br />and in an amount of not less than Fifty Thousand Dollars ($50,000) with <br />respect to property damage. Said insurance policy shall contain a non - <br />cancellation clause providing that thirty (30) days' written notice <br />shall be given to City prior to any cancellation. 2n the event insurance <br />is cancelled, Corporation or successor in interest shall immediately <br />obtain a new policy and furnish City a new certificate thereof. In the <br />event Corporation does not or cannot obtain a new policy, City will in- <br />sure owner's facility and owner agrees to reimburse City for the cost <br />of such insurance_ <br />13_ 'Ihe existing rights of the public in and over First Street shall <br />remain and continue in full force and effect and shall in no way be af- <br />fected by the City's grant of permission to construct and maintain the <br />pedestrian overpass. <br />14. If, in the opinion of the Director of Public Works of said <br />City, it is determined that any public facilities cannot be economically <br />and reasonably placed, replaced or maintained in the public right -of -way <br />over which Corporation's pedestrian overpass is constructed, because of <br />the presence of such pedestrian overpass, Corporation shall provide <br />without charge an alternate public right -of -way_ <br />- 3 - <br />