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DES:d~u 01/24/97 (029a/42) <br /> <br />Improvement of Lido Neighborhood Unit No. 4", (form dated <br />01/24/97) wherein Owner, in consideration for the approval <br />of said map by City, shall agree to construct and complete <br />in the time specified in said Agreement, all improvements <br />required of Owner under the provisions of Chapter 30 of the <br />Code of the City of Redwood City, being the subdivision <br />regulations of said City, and as such improvements as <br />designated or mentioned in said Agreement. <br /> <br /> (b) Before the release of said final map by City for <br />recordation, Owner shall furnish to City and file with the <br />City Clerk a bond or deposit securing the faithful <br />performance of all work and construction of all improvements <br />designated or mentioned in said Agreement, within the time <br />therein specified, in the amount of Eight Hundred Eighty <br />Thousand and No/100 Dollars ($880,000.00); and Owner shall <br />also furnish to City and file with the City Clerk, a bond or <br />deposit securing the payment of all bills for labor and <br />materials incurred in the construction of any and all said <br />improvements, and the doing of all other work therein agreed <br />to be done by Owner, in the amount of Eight Hundred Eighty <br />Thousand and No/100 Dollars ($880,000.00). Owner shall have <br />prepared complete "as built" plans for said improvements <br />prior to the release of said bond or deposit. <br /> <br /> (c) Before the release of said improvement bonds by <br />City, Owner shall undertake to guarantee for one (1) year <br /> <br /> 2 <br /> <br /> <br />