Res88 10830 - Laserfiche WebLink

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DAS:mmg 7/21/88/R (#22/004) with the City Clerk, a good and sufficient security in a form subject to the approval of the City Attorney securing the payment by Owners 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 Owners, the amount of said security to be Two Million Six Hundred Seventy-four Thousand Five Hundred and no/lOa Dollars ($2,674,500.00). Said Owners 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 Owners 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, Owners 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 Owners of all maintenance work, the amount of said security to be Two Hundred Sixty-seven Thousand Four Hundred Fifty and no/100 Dollars ($267,450.00). Said security shall be effective for a period of one (1) year after acceptance of the improvements by City's Council. (d) Before the release of said final map by City for recordation, Owners shall deposit Seventy Five Thousand Two Hundred Sixty-five and no/lOa Dollars ($75,265.00) for plan checking, engineering, inspection, laboratory and field testing, water supply, and all other applicable fees and charges. Any part of the deposit not utilized by City for payment of its services, shall be returned to the Owners. The Owners understand and agree that the amount of deposit is an estimate and agree to pay any additional amount for plan check and inspection services provided by City within ten (10) days after billing by the City Collector. (e) Before the release of said final map by City for recordation, Owners shall furnish to the City and file with the City Clerk, certificates and policies of public liability and property damage insurance as required by the above-described agreement. 2. Those certain plans entitled "Improvement Plans for Bridgeport" and those certain specifications entitled "Bridgeport Technical Specifications" which plans and specifications are now on file in the office of the City Engineer are hereby approved and adopted as the plans and specifications 2