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<br />performance and labor and materials of said Owner of all work and construction of all <br /> <br />improvements designated or mentioned in said Agreement, within the time therein <br /> <br />specified, in the amount of Two Hundred Eighty Five Thousand Four Hundred and <br /> <br />No/100 Dollars ($285,400.00). Owner shall have prepared complete "as built" plans for <br /> <br />said improvements prior to the release of said certificate of deposit. <br /> <br />c) Before the release of said certificate of deposit by City, Owner shall <br /> <br />undertake to guarantee for one (1) year the workmanship and materials of all work and <br /> <br />construction of all improvements designated or mentioned in said Agreement. After the <br /> <br />release of said final map but before acceptance of the improvements by City, Owner <br /> <br />shall furnish to City and file with the City Clerk a bond or deposit securing the faithful <br /> <br />performance by Owner of all such maintenance work, in the amount of Twenty Eight <br /> <br />Thousand Five Hundred Forty and No/100 Dollars ($28,540.00). Said bond or deposit <br /> <br />shall be effective for a period of one (1) year after acceptance of the improvements by <br /> <br />City's Council. <br /> <br />d) Before the release of said final map by City for recordation, Owner shall <br /> <br />deposit Seventeen Thousand Four Hundred Sixty and No/100 Dollars ($17,460.00) for <br /> <br />plan checking, engineering, inspection, laboratory and field testing, water supply, and all <br /> <br />other applicable fees and charges. Any part of the deposit not utilized by City for <br /> <br />payment of its services shall be returned to Owner. Owner understands and agrees that <br /> <br />the amount of said deposit is an estimate and agrees to pay any additional amount for <br /> <br />the aforesaid services provided by City within ten (10) days after billing by the City <br /> <br />Collector. <br /> <br />Reso-919 <br />f/sh/sh/RC/Council <br />FXS:rg <br />06/20100 <br /> <br />13933 <br /> <br />2 <br /> <br />CJ <br />S <br />CJ <br />to. <br />m~<D <br />S.;t- <br />119 0 <br />CSI'" <br />Sg ~ <br />S~& <br />S~~ <br />N~Q; <br /> <br />- <br />- <br /> <br />= <br /> <br />- <br /> <br />- <br /> <br /> <br />- <br />- <br />- <br /> <br />- <br /> <br />- <br />- <br />- <br />- <br />- <br /> <br />- <br />- <br /> <br />- <br />- <br />- <br />