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11. Completion of Work. After Developer (a) completes the Work in accordance with the <br /> Improvement Plans and the teens and conditions of this Agreement, (b) repairs any private or public <br /> property damaged as a result of the Work or pays the full cost of such repair to the owner whose property <br /> was damaged and (c) obtains the written acceptance of such repair or payment from any owner whose <br /> private property was repaired by Developer or to whom Developer paid the MI cost of such repair, <br /> Developer will provide City with a written notice of completion, together with copies of all written <br /> acceptances. <br /> 12. Final Acceptance. <br /> 121 Notice of Completion. Within thirty (30) days of receipt of Developer's written <br /> notification pursuant to Section 11 above, the City Engineer shall inspect the Work and repairs <br /> and review the written acceptances, if any, and send Developer a written notice stating whether <br /> the Work and repairs are complete to the satisfaction of the City Engineer, in his reasonable <br /> discretion, and whether the written acceptances have been provided. If the Work and repairs are, <br /> in the opinion of the City Engineer, not complete and satisfactory, and/or written acceptances <br /> have not been provided, the City Engineer will list the deficiencies that must be corrected to find <br /> the Work and repairs complete and satisfactory. Upon satisfactory completion of the Work and <br /> repairs and submittal of written acceptances, the City Engineer will send Developer a written <br /> notice of satisfactory completion. The requirement for written acceptances may be waived by the <br /> City Engineer, in his reasonable discretion, if Developer has made commercially reasonable <br /> efforts to obtain such acceptances. The City Engineer's failure to respond to Developer's written <br /> notification within thirty (30) days will not be deemed a breach or default under this Agreement. <br /> 122 Acceptance of Improvements. After sending Developer a written notice of <br /> satisfactory completion pursuant to Section 12.1, the City Engineer will recommend acceptance <br /> of the Improvements to the City Council. The acceptance of the Improvements, offers of <br /> dedication and right-of way, and easements, if any, shall be by resolution of the City Council, <br /> with the matter placed on the next available agenda for City Council action. Upon City Council's <br /> adoption of such resolution, the City Engineer shall promptly record a notice, in a form to be <br /> approved by the City Attorney, in the Official Records of San Mateo County. <br /> 13. Performance, Labor and Materials and Warranty Security. <br /> 131 In accordance with Chapter 30 of the Redwood City Code, Developer will <br /> furnish and deliver to City, within the times set forth below, the following security, each of which <br /> must be issued by a surety company duly and regularly authorized to do general surety business <br /> in the State of California, or such other surety as may be acceptable to the City Engineer. <br /> (a) Performance Security. Developer shall furnish and deliver performance <br /> security in the amount of One Hundred Two Thousand, Two Hundred Seventy Dollars <br /> ($ 102,270.00), concurrently with the execution of this Agreement, which security must <br /> meet the requirements of Government Code section 66499.1 and Redwood City Code <br /> Section 30.80 and be acceptable to the City Engineer. The security shall be conditioned <br /> upon the faithful performance of this Agreement with respect to the Work and shall be <br /> released by City in accordance with Section 14 below upon final acceptance of the <br /> Improvements as described in Section 12.2 and Developer's delivery of the Warranty <br /> Security described in Section 13.1(c). <br /> REV: 11-06-14 VR <br /> Page 4 of 18 <br /> AI IY/AGR.2014.244/Rossi Lane Improvement Agreement <br />