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<br />F. Pursuant to Redwood City Code section 18.253(B), Developer is eligible for a partial <br />credit against the Transportation Impact Fees otherwise payable by Developer in connection with the <br />Project for completing the TIF Eligible Improvements. <br />G. City and Developer desire to enter this Agreement to, among other things, provide for the <br />construction and installation of the Improvements in accordance with the Improvement Plans and set forth <br />the terms under which Developer will be eligible to receive a partial credit towards payment of <br />Transportation Impact Fees. <br />A G R E E M E N T <br />NOW, THEREFORE, in consideration of the faithful performance of the terms and conditions set <br />forth in this Agreement, the parties hereto agree as follows: <br />1. Purpose. The purpose of this Agreement is to guarantee completion of the Improvements <br />and ensure satisfactory performance by Developer of Developer’s obligations to satisfy the Conditions <br />pertaining to the Improvements and to set forth the terms under which Developer will be eligible to <br />receive a partial credit towards payment of Transportation Impact Fees. <br />2. Property Subject to Agreement. The Property shall be subject to this Agreement. <br />3. Duty to Install Improvements. Developer will construct, install and complete, or cause to <br />be constructed, installed and completed, at the Developer’s sole cost and expense, the Improvements, in <br />accordance with the Improvement Plans (defined in Recital E. above) and to the satisfaction of the City <br />Engineer, in his reasonable discretion. Developer will also supply all labor and materials therefor, all in <br />strict accordance with the terms and conditions of this Agreement. The Improvements shall include, but <br />are not necessarily limited to, all of the following: <br />(a) grading, paving <br />(b) curbs, gutters, concrete walkways, driveways <br />(c) sanitary sewer system, complete <br />(d) water system, complete <br />(e) storm drainage collection, treatment, and detention system, complete <br />(f) site lighting system, complete <br />(g) street trees <br />(h) landscaping and irrigation system complete <br />(i) utility joint trenching <br />(j) all Conditions of the Tentative Map <br />(k) and all other work, improvements, or construction required by or specified in the <br />abovementioned plans and specifications, conditions of permits and all <br />construction, appurtenances and improvements necessary as reasonable <br />ATTY/AGR/2015.107/GREYSTAR - 103 WILSON - IA WITH TIF CREDIT <br />REV: 05-28-15 VR <br />Page 2 of 27 <br />7.1.D. - Page 38