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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 /> AGREEMENT <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 /> (t) 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 Page 2 of 27 <br /> REV: 05-28-15 VR <br />