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AGREEMENT <br />NOW, THEREFORE, in consideration of the faithful performance of the terms and conditions set <br />forth in this Agreement, the parties hereto agree as follows: <br />1. Purpose. The purpose of this Agreement is to guarantee completion of the Improvements <br />and ensure satisfactory performance by Developer of Developer's obligations to satisfy the Conditions <br />pertaining to the Improvements. <br />2. Proocrty Subiect to Aereement. The Property shall be subject to this Agreement. <br />3. Dutv to Install Improvements. Developer will construct, install and complete, or cause to <br />be constructed, installed and completed, at the Developer's sole cost and expense, the Improvements, in <br />accordance with the Improvement Plans (defined in Recital E. above) and to the satisfaction of the City <br />Engineer, in his reasonable discretion. Developer will also supply all labor and materials therefor, all in <br />strict accordance with the terms and conditions of this Agreement. The Improvements shall include, but <br />are not necessarily limited to, all of the following: <br />(a) grading, paving <br />(b) curbs, gutters, concrete walkways, driveways <br />(c) sanitary sewer system, complete <br />(d) water system, complete <br />(e) storm drainage system, complete <br />(f) site lighting system, complete <br />(g) street trees <br />(h) landscaping and irrigation system complete <br />(i) utility joint trenching <br />(j) and all other work, improvements, or construction required by or specified in the <br />abovementioned plans and specifications, conditions of permits and all construction, <br />appurtenances and improvements necessary as reasonable determined by the City <br />Engineer to complete the aforementioned improvements, both within and outside of <br />the Property. <br />The construction, installation and completion of the Improvements and all labor and materials furnished <br />in connection therewith are hereinafter referred to collectively as the "Work." The Work and <br />Improvements shall be in strict compliance with the provisions of the Redwood City Code. In the event a <br />conflict exists between the Improvement Plans and the requirements of the Redwood City Code, the <br />stricter requirement or standard shall govern, as determined by the City Engineer. <br />4. Comnletion Date. Developer will complete the Work within one year of the Effective <br />Date. All Work will be completed in a good and workmanlike manner in accordance with accepted <br />design and construction practices and consistent with the Improvement Plans. This completion date may <br />REV: 08-31-17 PR <br />Page of22 <br />ATTY/AGR.2017.195/Lane - Broadway, LLC - IA <br />