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�.3 •F3 <br /> therein specified, in the amount of Two Million Eight Hundred Fifty-two Thousand <br /> and No/100 Dollars ($2,852,000.00) and Owner shall also furnish to City and file <br /> with the City Clerk a bond or deposit securing the payment by Owner of all bills <br /> for labor and materials incurred in the construction of any and all said <br /> improvements, and the doing of all other work therein agreed to be done by <br /> Owner, in the amount of Two Million Eight Hundred Fifty-two Thousand and <br /> no/100 Dollars ($2,852,000.00). Owner shall have prepared and delivered to City <br /> complete "as builY' plans for said improvements prior to the release of said cash <br /> ' deposit. <br /> (b) Owner shall deposit Seventy-eight Thousand Seven Hundred and <br /> No/100 Dollars ($78,700.00) for plan checking, engineering, inspection, <br /> laboratory and field testing, water supply, and all other applicable fees and <br /> charges. Any part of the deposit not utilized by City for payment of its services <br /> shall be returned to Owner. Owner understands and agrees that the amount of <br /> said deposit is an estimate and agrees to pay any additional amount for the <br /> aforesaid services provided by City within ten (10) days after billing by the City <br /> 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 /> Reso-1009 2 <br /> F:\s h\sh\\Redwood\Coun ci I <br /> FXS:rg <br /> 10/03/00 <br />