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RecDoc 96-078463
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RecDoc 96-078463
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Last modified
8/16/2016 12:53:42 PM
Creation date
8/16/2016 12:48:05 PM
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Template:
Recorded Docs
Recorded Docs - Type
Agreement
Subject
Improvement Agreement Lido Neighborhood No.1
Doc Num
96-078463
Rec Date
6/27/1996
Parties
Redwood Shores Properties, KG Shores Corp., KG Pen
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DES : dj ' 16 / 05 / 96 ( 014 / 70 ) <br /> FXS : djk 06 / 12 / 96R <br /> FXS : djk 06 / 14 / 96R <br /> Notwithstanding any provision to the contrary as set forth <br /> in this Agreement , Owner shall not be responsible for repair , <br /> replacement , or reconstruction of any Improvements , necessitated <br /> by Acts of God , acts of third parties ( other than Owner , its <br /> agents , employees or contractors ) beyond Owner ' s ability to <br /> control , civil emergencies , natural disasters , or similar acts or <br /> events . <br /> CD <br /> 9 . SECURITY TO INSURE GUARANTEE . Owner agrees , as a <br /> CD <br /> condition precedent to City ' s acceptance of any of the <br /> Co <br /> Improvements which are the subject of this agreement , to furnish <br /> C, <br /> and file with the City Clerk a bond or deposit in the amount of t <br /> Five Hundred Sixty-three Thousand Four Hundred and No / 100 Dollars <br /> Dollars ( $ 563 , 400 . 00 ) for all expressly conditioned Improvements <br /> to secure Owner ' s compliance with the provisions of Paragraph 8 <br /> hereof , for a period of one ( 1 ) year after final acceptance of <br /> the work done under this agreement . <br /> 10 . DEPOSIT FOR PLAN CHECK AND INSPECTION . Owner shall <br /> deposit with City the sum of One Hundred Thirty-one Thousand Five <br /> Hundred and No/ 100 Dollars ( $ 131 , 500 . 00 ) ( " Deposit " ) , less all <br /> amounts previously paid to City by Owner for such services , to <br /> compensate City for all engineering , inspection , plan check , <br /> laboratory and field testing , construction , and other services <br /> furnished by City in connection with the Improvements for the <br /> said subdivision . Owner understands that the Deposit is an <br /> estimate and further agrees to pay to City the actual cost of <br /> providing such services , in accordance with the City ' s current <br /> fees . Owner agrees to complete payment of such additional sum or <br /> 10 <br />
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