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�•3- �y <br /> or mentioned in said Agreement, within the time therein specified, in the amount <br /> of One Hundred Eighty Thousand and No/100 Dollars ($180,000.00). Owner <br /> shall have prepared and delivered to City complete "as builY' plans for said <br /> improvements prior to the release of said cash deposit. <br /> (b) Owner shall deposit Twelve Thousand Seven Hundred and No/100 <br /> Dollars ($12,700.00) for plan checking, engineering, inspection, laboratory and <br /> field testing, water supply, and all other applicable fees and charges. Any part of <br /> the deposit not utilized by City for payment of its services shall be returned to <br /> Owner. Owner understands and agrees that the amount of said deposit is an <br /> estimate and agrees to pay any additional amount for the aforesaid services <br /> provided by City within ten (10) days after billing by the City Collector. <br /> (c) Upon execution of the Agreement by Owner and City, Owner shall <br /> furnish to City and file with the City Clerk, certificates and policies of public <br /> liability and property damage insurance as required by the above-described <br /> Agreement. <br /> 2. Before the release of cash deposit described in paragraph 1(a) above <br /> by City, Owner shall undertake to guarantee for one (1) year the workmanship <br /> and materials of all work and construction of all improvements designated or <br /> mentioned in said Agreement. As a condition precedent to City's acceptance of <br /> any of the Improvements which are the subject of the Agreement, Owner shall <br /> furnish to City and file with the City Clerk a cash deposit securing the faithful <br /> performance by Owner of all such maintenance work, in the amount of Eighteen <br /> Reso-994 2 <br /> F:�.s h a re d\Redwood \Cou n ci I <br /> FXS:djk <br /> 09/15/00 <br /> 09/28/OOR <br />