RecD00 2000-116763 - Laserfiche WebLink

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beyond Ground Lessee's ability to control, civil emergencies, natural disasters, or similar acts or events. 8. Security to Insure Guarantee. Ground Lessee 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 Fifty Thousand and No/100 Dollars ($50,000.00) for all expressly conditioned Improvements to secure Ground Lessee'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 Ground Lessee or its contractor. 9. Deposit for Plan Check and Inspection. Ground Lessee shall deposit with City the sum of Forty Thousand and No/100 Dollars ($40,000.00) ("Deposit"), less all amounts previously paid to City by Ground Lessee 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. Ground Lessee 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. Ground Lessee agrees to complete payment of such additional sum or sums for the services provided by City, if any, within ten (10) days after billing by City of the additional sum to be paid and agrees that the amount payable shall be increased by ten (10) percent in the event payment is not made within such ten (10) day F :\shared\Redwood\Cou nci I Agmt-375 FXS:ep 07/27/00, 08/02/00R, 08/14/00RR 1111111111111111111111111111111111111111111111111111111 2000-116763 09/20/2000 11 :24A AG Page: 9 of 14