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DAS:b~ 3/3/88 (%35) <br /> <br />amount of Thirty-three Thousand Two Hundred and No/100 Dollars <br />($33,200.00) to secure Hillsdale's compliance with the provisions <br />of Paragraph 9 hereof, for a period of one (1) year after final <br />acceptance of the work done under this agreement. <br /> <br /> 11. Hillsdale shall deposit with City the sum of Nineteen <br />Thousand Five Hundred Eight and No/100 Dollars ($19,508.00), for <br />all engineering, inspecting, plan checking, laboratory and field <br />testing, constructing, and other services furnished by City in <br />connection with the Project. Hillsdale understands that the <br />aforementioned sum is an estimate and further agrees to pay to <br />City the actual cost of providing such services, in accordance <br />with the formula and schedule described in Paragraph 2 of <br />Resolution No. 8240, adopted by the Council of the City of <br />Redwood City on March 5, 1979. Hillsdale agrees to complete <br />payment of such additional sum or sums for the services provided <br />by City, if any, within ten (10) days after the sending of a <br />statement by City listing the additional sum to be paid and <br />agrees that the amount payable shall be increased by ten percent <br />(10%) in the event payment is not made within such ten (10) day <br />period. Any part of the deposit or such additional sum or sums <br />not utilized by City shall be returned to Hillsdale. <br /> <br /> 12. It is mutually understood and agreed that neither <br /> <br />Hillsdale nor any of its agents or contractors are or shall be <br />considered to be agents of the City of Redwood City in connection <br />with the performance of Hillsdale's obligations under this <br />agreement. <br /> <br /> IN WITNESS WHEREOF, the parties hereto have executed this <br /> <br /> 8 <br /> <br /> <br />