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Agmt05 On Broadway Redwood City
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Agmt05 On Broadway Redwood City
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Last modified
1/2/2008 10:37:50 AM
Creation date
1/3/2006 11:47:43 AM
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Template:
Agreement
Contractor Name
On Broadway Redwood City
PROJECT NAME
construction & reimbursement
RMP File Number
405 bin 24
Date
10/26/2005
MO Ref
05-197 RD-05-13
Box
6571
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<br />G. Developer shall provide City and Agency with complete copies of any or <br />all of its agreements with Contractors and Consultants upon written request. <br />H. Personnel of City and Agency shall have access to the Project Site at all <br />times during performance of the Services. Developer shall notify the Agency and the <br />City in writing as each of the activities described in section (A) (i) and (ii), above, has <br />been completed. <br />I. Maintenance of Work: Warranties. Prior to completion and acceptance of <br />the Streetscape Improvements and Street Modifications, the Developer shall be <br />responsible for protecting the improvements and performing any required maintenance <br />at Developer's sole cost and expense. Upon completion of the Streetscape <br />Improvements and Street Modifications and payment by the City in accordance with this <br />Agreement, Developer shall assign to the City all of Developer's rights in any <br />warranties, guarantees, maintenance obligations or other evidence of contingent <br />obligations of third persons with respect to the Streetscape Improvements and Street <br />Modifications. Developer shall provide these warranties, guarantees and maintenance <br />obligations for the Streetscape Improvements and Street Modifications for at least one <br />year following acceptance by City. In addition, Developer shall provide City and Agency <br />with a complete set of "record" drawings" certified by the Contractor showing the <br />location of the Work as installed. <br /> <br />FINANCIAL TERMS. <br />A. StreetscaDe Construction Costs. Developer shall pay the sum of One <br />Million, Three Hundred Thousand Dollars ($1.3 million) as its fixed contribution toward <br />of the Cost of the Work for the Streetscape Improvements, plus the Cost of the Work for <br />any changes to the Streetscape Improvements and Street Modifications Developer may <br />request. City and Agency shall reimburse Developer for the actual Cost of the Work for <br />the Streetscape Improvements and Street Modifications incurred by Developer over and <br />above One Million Three Hundred Thousand Dollars ($1.3 million), as that amount may <br />be adjusted for change orders Developer may request, provided, however, that the City <br />and Agency shall not reimburse Developer in an amount greater than the difference <br />between the amount contributed by the Developer and the final agreed Not-to-Exceed <br />Streetscape Cost (defined below) plus the cost of the Work for any changes to the <br /> <br />2. <br /> <br />Atty/Agr/2005.072 <br />101105 <br />840847v1233786/0001LBack <br /> <br />6 <br />
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