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RecDoc 2015-120680 Premia South County, LLC, 550 Allerton Street_IA_Bond_11172015
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RecDoc 2015-120680 Premia South County, LLC, 550 Allerton Street_IA_Bond_11172015
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Last modified
12/10/2015 9:05:56 AM
Creation date
11/17/2015 2:38:52 PM
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Recorded Docs
Recorded Docs - Type
Agreement
Subject
550 Allerton
Doc Num
2015-120680
Rec Date
11/17/2015
Address
550 Allerton St
Parties
Premia South County
MO Ref
15-188
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Redwood City Code, the stricter requirement or standard shall govern, as determined by the City <br /> Engineer. <br /> 4. Completion Date. Developer will complete the Work within twenty-four (24) months of <br /> the Effective Date. All Work will be completed in a good and workmanlike manner in accordance with <br /> accepted design and construction practices and consistent with the Improvement Plans. This completion <br /> date may be extended by the City Engineer in his or her sole and absolute discretion at the request of <br /> Developer, which request shall be accompanied by a written assurance acceptable to the City Engineer <br /> that the securities required by Section 13 shall remain enforceable throughout the term of the extension. <br /> 5. Estimated Cost of Work. The engineer's estimated cost of the Work is Four Hundred <br /> Ninety-Seven Thousand Two Hundred Eighty-Three and No/100 Dollars ($497,283.00) ("Estimated Cost <br /> of Work"). <br /> 6. Modifications to the Plans. Approval of this Agreement by City does not release <br /> Developer of its responsibility to correct mistakes, errors or omissions in the Improvement Plans. If, at <br /> any time, in the opinion of the City Engineer, in his reasonable discretion, the Improvement Plans are <br /> deemed inadequate in any respect, Developer agrees to make such modifications, changes or revisions as <br /> necessary in order to complete the Work in a good and workmanlike manner in accordance with accepted <br /> design and construction standards and consistent with the Conditions and Improvement Plans. <br /> 7. Repairs. Developer agrees to repair or have repaired in a timely manner at its sole cost <br /> and expense all public roads, streets, or other public or private property damaged as a result of or <br /> incidental to the Work or in connection with the development of the Property, or to pay to the property <br /> owner of any damaged road, street or property the full cost of such repair. In addition, Developer shall <br /> use commercially reasonable efforts to obtain the written acceptance of such repair or payment from any <br /> owner whose private or public property was repaired by Developer or to whom Developer has paid the <br /> full cost of such repair in accordance with this Section 7. City shall be under no obligation whatsoever to <br /> accept the Work completed under this Agreement until such time as all repairs have been completed or <br /> have been paid for and written acceptances have been provided to the City Engineer to the extent required <br /> by this Agreement. <br /> 8. Foreman or . Superintendent. Developer shall give personal attention to the Work. A <br /> competent foreman or superintendent, satisfactory to the City Engineer in his reasonable discretion with <br /> authority to act for and on behalf of Developer, shall be named in writing by Developer prior to <br /> commencement of the Work, shall be present on the Property during the performance of the Work and <br /> may not be changed without advance notification to and the concurrence of the City Engineer, which <br /> concurrence shall not be unreasonably withheld. <br /> 9. Examination of Work. All of the Work shall be consistent with the Improvement Plans <br /> and performed to the satisfaction of the City Engineer, in his reasonable discretion. City and its <br /> authorized agents shall, at all times during the performance of the Work, have free access to the Property <br /> and the Work and shall be allowed to examine the Work and all materials used and to be used in the <br /> Work. <br /> 10. City Costs; Deposit. Developer shall pay to City the actual cost for all engineering, <br /> inspection, administration, plan check, laboratory and field testing, construction, and other services <br /> furnished by City in connection with this Agreement, including those performed by consultants under <br /> contract with City ("City Costs"). Developer shall deposit with City the sum of Thirty Thousand and <br /> No/100 Dollars ($30,000.00) ("Deposit") to compensate City for all City Costs. Developer understands <br /> that the Deposit is an estimate and further agrees to pay to City the actual cost of providing such services, <br /> REV: 10-12-15 VR <br /> Page 3 of 19 <br /> ATTY/AGR.2015.229/Premia 550 Owner, LLC <br />
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