AgdaPkt 2015-05-04 Closed Interview and Joint SA and PFA

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7.1.B. - Page 8 G . City and Developer desire to enter this agreement providing for the construction and installation of the Improvements in accordance with the Improvement Plans. AGREEMENT NOW,THEREFORE,in consideration of the faithful performance of the terms and conditions set forth in this Agreement,the parties hereto agree as follows: 1, Purpose. The purpose of this Agreement is to guarantee completion of the Improvements and ensure satisfactory performance by Developer of Developer's obligations to satisfy the Conditions pertaining to the Improvements. 2. Property Subject to Agreement. The Property shall be subject to this Agreement. 3. Duty to Install Improvements. Developer will construct,install and complete,or cause to be constructed, installed and completed, at the Developer's sole cost and expense, the Improvements, in accordance with the Improvement Plans (defined in Recital E. above) and to the satisfaction of the City Engineer, in his reasonable discretion. Developer will also supply all labor and materials therefor,all in strict accordance with the terms and conditions of this Agreement. In the event of any inconsistency between the description of the Improvements in this Section 3,inclusive,and the Improvements described in Exhibit B, the latter shall control. The Improvements shall include, but are not necessarily limited to, all of the following: (a) grading,paving (b) curbs,gutters,concrete walkways,driveways (c) sanitary sewer system,complete (d) permeable pavers (e) water system,complete (f) storm drainage system,complete (g) street trees (h) landscaping and irrigation system complete (i) utility joint trenching (j) all Conditions of the Tentative Map (k) and all other work, improvements, or construction required by or specified in the abovementioned plans and specifications, conditions of permits and all construction, appurtenances and improvements necessary as reasonable determined by the City Engineer to complete the aforementioned improvements, both within and outside of the Property. • The construction, installation and completion of the Improvements and all labor and materials furnished in connection therewith are hereinafter referred to collectively as the "Work." The Work and Improvements shall be in strict compliance with the provisions of Chapter 30 of the Redwood City Code. REV:02-20-15 VR Page 2 of21 ATTY/AGR.2015.034/SunCap Redwood LLC(IA)