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<br />"'.... <br /> <br />City and file with the City Clerk, a bond or deposit securing the payment by <br /> <br />Owner of all bills for labor and materials incurred in the construction of any and <br /> <br />all said improvements, and the doing of all other work therein agreed to be done <br /> <br />by Owner, in the amount of Two Hundred Sixty Thousand and No/100 Dollars <br /> <br />($260,000.00). Owner shall have prepared and delivered to City complete "as <br /> <br />built" plans for said improvements prior to the relea$e of said bond or deposit. <br /> <br />(b) Owner shall deposit Sixteen Thousand Three Hundred Forty and <br /> <br />No/100 Dollars ($16,340.00) for plan checking, engineering, inspection, <br /> <br />laboratory and field testing, water supply, and all other applicable fees and <br /> <br />charges. Any part of the deposit not utilized by City for payment of its services <br /> <br />shall be returned to Owner. Owner understands and agrees that the amount of ; <br /> <br />said deposit is an estimate and agrees to pay any additional amount for the <br /> <br />aforesaid services provided by City within ten (1 0) days after billing by the City <br /> <br />Collector. <br /> <br />(c) Before the release of the agreement to Owner by City, Owner shall <br /> <br />furnish to the City and file with the City Clerk, certificates and policies of public <br /> <br />liability and property damage insurance as required by the above-described <br /> <br />agreement. <br /> <br />2. Before the'release of said bonds or deposit described in paragraph <br /> <br />1 (a), above, by City, Owner shall undertake to guarantee for one (1) year the <br /> <br />workmanship and materials of all work and construction of all improvements <br /> <br />designated or mentioned in said agreement. As a condition precedent to City's <br /> <br />Reso..629 <br />F: \s hared\Redwood\Councii <br />FXS:djk <br />03/26/99 <br /> <br />2 <br /> <br />13594 <br /> <br />,. " ""'---'-' ,.-""e"T <br />