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DES:d"~ 08/07/96 (029/42) <br /> DES:a~ 08/28/96R <br /> <br /> Improvement of Lido Neighborhood Unit No. 2", (form dated <br /> 08/07/96) 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 Four Million Five <br />Hundred Fifty Thousand and No/100 Dollars ($4,550,000.00); <br />and Owner shall also furnish to City and file with the City <br />Clerk, a bond or deposit securing the payment of all bills <br />for labor and materials incurred in the construction of any <br />and all said improvements, and the doing of all other work <br />therein agreed to be done by Owner, in the amount of Four <br />Million Five Hundred Fifty Thousand and No/100 Dollars <br />($4,550,000.00). Owner shall have prepared complete "as <br />built" plans for said improvements prior to the release of <br />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 /> <br />