Developer’s Warranty. A. The Developer shall warrant the design, construction, materials and workmanship of the improvements against any freezing, failure and/or defect in design, construction, material or workmanship which is discovered prior to the expiration of the two years warranty period from the date the Utility notifies the Developer of the acceptance of the improvements. B. The Developer shall correct any failure or defect covered by warranty within thirty (30) days of receiving notice of the failure or defect from AWWU. The Developer shall correct the failure or defect at its own expense and to the satisfaction of AWWU. AWWU shall inspect the corrected defect within 30 days of receiving written notice from the Developer. C. Prior to acceptance under warranty of this project, the Developer shall provide the Anchorage Water and Wastewater Utility with a cash deposit as required by Anchorage Municipal Code, Chapter 24.20.040.D to cover the Utility's costs incurred during the warranty period. This cash deposit is in addition to the warranty guarantee required by Paragraph 3.04 below. The amount of this deposit shall be as indicated below and shall be based on the Developer's certified cost statement for this project. $10,000.00 or less $500.00 $10,000.01 to $50,000.00 $1,000.00 $50,000.01 to $150,000.00 $1,500.00 Over $150,000.00 $2,000.00 D. Any action or omission to take any action on the part of AWWU authorized by this Agreement including but not limited to operation or routine maintenance of the improvements prior to acceptance, or surveillance, inspections, review or approval of plans, tests or reports, shall in no way limit the scope of the Developer's warranty.
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Developer’s Warranty. A. The Developer shall warrant the design, construction, materials and workmanship of the improvements against any freezing, failure and/or defect in design, construction, material or workmanship which is discovered prior to the expiration of the two years warranty period from the date the Utility notifies the Developer of the acceptance of the improvements.
B. The Developer This warranty shall correct cover all direct and indirect costs of repair or replacement; damage to the property or other improvements to facilities owned by AWWU or any other person caused by freezing and/or other failure or defect covered by warranty within thirty (30) days of receiving notice of defect; and any increase in cost to AWWU for operating and maintaining the failure improvements resulting from freezing and/or such other failures, defects or defect from AWWU. The Developer shall correct the failure or defect at its own expense and to the satisfaction of AWWU. AWWU shall inspect the corrected defect within 30 days of receiving written notice from the Developerdamage.
C. Prior to acceptance under warranty of this project, the Developer shall provide the Anchorage Water and Wastewater Utility with a cash deposit as required by Anchorage Municipal Code, Chapter 24.20.040.D to cover the Utility's costs incurred during the warranty period. This cash deposit is in addition to the warranty guarantee required by Paragraph 3.04 below. The amount of this deposit shall be as indicated below and shall be based on the Developer's certified cost statement for this project. $10,000.00 or less $500.00 $10,000.01 to $50,000.00 $1,000.00 $50,000.01 to $150,000.00 $1,500.00 Over $150,000.00 $2,000.00
D. Any action or omission to take any action on the part of AWWU authorized by this Agreement including but not limited to operation or routine maintenance of the improvements prior to acceptance, or surveillance, inspections, review or approval of plans, tests or reports, shall in no way limit the scope of the Developer's warranty.
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