Laserfiche WebLink
<br />8. Security to <br /> <br />3ure Guarantee. Owner agrees, as <br /> <br />.;ondition precedent to <br /> <br />City's acceptance of any of the Improvements which are the subject of this Agreement, <br /> <br />to furnish and file with the City Clerk a cash deposit in the amount of Eighteen Thousand <br /> <br />and No/100 Dollars ($18,000.00) for all expressly conditioned Improvements to secure <br /> <br />Owner's compliance with the provisions of Paragraph 7 hereof, for a period of one (1) <br /> <br />year after final acceptance of the work done under this Agreement. The cash deposit <br /> <br />shall be furnished by Owner. <br /> <br />9. Deoosit for Plan Check and Insoection. Owner shall deposit with City the <br /> <br />sum of Twelve Thousand Seven Hundred and No/100 Dollars ($12,700.00) ("Deposit"), <br /> <br />less all amounts previously paid to City by Owner for such services, to compensate City <br /> <br />for all engineering, inspection, plan check, laboratory and field testing, construction, and <br /> <br />other services furnished by City in connection with the Improvements. <br /> <br />Owner <br /> <br />understands that the Deposit is an estimate and further agrees to pay to City the actual <br /> <br />cost of providing such services, in accordance with the City's current fees. Owner <br /> <br />agrees to complete payment of such additional sum or sums for the services provided by <br /> <br />City, if any, within ten (10) days after billing by City of the additional sum to be paid and <br />agrees that the amount payable shall be increased by ten (10) percent in the event <br /> <br />payment is not made within such ten (10) day period. Any part of the Deposit or such <br /> <br />additional sum or sums not utilized by City shall be returned promptly to Owner. <br /> <br />10. <br /> <br />Time Extensionsllmmunitv from Acts of God. Owner shall not be in <br /> <br />default of any provision of this Agreement or subject to any penalty hereunder where <br /> <br />timely performance or timely compliance is prevented by Acts of God, including natural <br /> <br />disasters, and/or unusually inclement weather, civil emergencies, inability to obtain <br /> <br />materials (except for such inability occasioned by the act, or failure to act, of Owner), <br /> <br />change in governmental regulations, or similar acts which are beyond Owner's <br /> <br />Agrmt-402 <br />F :\shared\R edwood\Counci I <br />FXS:djk <br />09/15/00 <br />09/28/00R <br /> <br />6 <br />