Res89 10966 - Laserfiche WebLink

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DAS:mrng n1/l1/89 (#23/060) improvements designated or mentioned in said agreement. (b) Before the release of said final map by City for recordation, the Owner shall furnish to City and file with the City Clerk a good and sufficient security in a form subject to the approval of the City Attorney, securing the faithful performance of said Owner of all work and construction of all improvements designated or mentioned in said agreement, within the time therein specified, the amount of said security to be Seventeen Thousand Eight Hundred Eighty and NO/100 ($l7,880.00); and shall also furnish to City and file with the City Clerk, a good and sufficient security in a form subject to the approval of the City Attorney securing the payment by Owner of all bills for labor and materials incurred in the construction of any and all said improvements, and the doing of all other work therein agreed to be done by Owner, the amount of said security to be Seventeen Thousand Eight Hundred Eighty and No/100 ($17,880.00). Said Owner shall have prepared complete "as built" plans prior to the release of the "faithful performance" and "labor and material" bonds described herein. (c) Before the release of said final map by City for recordation, the Owner shall for one (1) year guarantee the workmanship and materials of all work and construction of all improvements designated or mentioned in said agreement. After the release of said final map but before acceptance of the improvements by City, Owner shall furnish to City and file with the City Clerk a good and sufficient security in a form subject to the approval of the City Attorney, securing the faithful performance by Owner of all maintenance work, the amount of said security to be One Thousand Seven Hundred Eighty-eight and NO/lOO Dollars ($1,788.00). Said security shall be effective for a period of one (1) year after acceptance of the improvements by City's Council. 2 10966