Agmt00 Pacific Shores Developme - Laserfiche WebLink

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in accordance with this requirement to repair, replace, or reconstruct, or should the exigencies of the case require that repair, replacement, or reconstruction be made before Owner can be notified, the City may, at its option, make the necessary repair, replacement, or reconstruction or perform the necessary work, and Owner shall pay to City the actual cost of thereof plus fifteen (15) percent. Notwithstanding any provision to the contrary as set forth in this Agreement, Owner shall not be responsible for repair, replacement, or reconstruction of any Improvements, necessitated by Acts of God, acts of third parties (other than Owner, its agents, employees, or contractors) beyond Owner's ability to control, civil emergencies, natural disasters, or similar acts or events. 8. Security to Insure Guarantee. Owner agrees, as a condition precedent to City's acceptance of any of the Improvements which are the subject of this Agreement, to furnish and file with the City Clerk a bond or deposit in the amount of One Hundred Thirty-six Thousand Five Hundred and No/100 Dollars ($136,500.00) for all expressly conditioned Improvements to secure Owner's compliance with the provisions of Paragraph 7 hereof, for a period of one (1) year after final acceptance of the work done under this Agreement. The bond or deposit may be furnished by Owner or its contractor. 9. Deposit for Plan Check and Inspection. Owner shall deposit with City the sum of Forty-nine Thousand Two Hundred Thirty and No/100 Dollars ($49,230.00) ("Deposit"), less all amounts previously paid to City by owner for such services, to compensate City for all engineering, inspection, plan check, laboratory and field testing, construction, and other services furnished by City in connection with the Improvements. Owner understands that the Deposit is an estimate and further agrees to pay to City the actual cost of providing such services, in accordance with the City's current fees. Owner agrees to complete payment of such additional sum or sums for the services provided by Agmt-415 F :/SharedlR edwood/Council FXS:djk 10/24/00 6 '-"'" '1""'""-"