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DES:dj~- 06/05/96 (005/42) <br /> FXS:d 06/12/96R <br /> FXS:d~ 06/14/96R <br /> <br />the workmanship and materials of all work and construction <br />of all improvements designated or mentioned in said <br />Agreement. Before the release of said bonds by City, Owner <br />shall furnish to City and file with the City Clerk a bond or <br />deposit securing the faithful performance by Owner of <br />Owner's guarantee and warranty of the work, in the amount of <br />Five Hundred Sixty-three Thousand Four Hundred and No/100 <br />Dollars ($563,400.00). Said bond or deposit shall be <br />effective for a period of one (1) year after acceptance of <br />the improvements by City's Council. <br /> <br /> (d) Before the release of said final map by City for <br />recordation, Owner shall deposit One Hundred Thirty-one <br />Thousand Five Hundred and No/100 Dollars ($131,500.00) for <br />plan checking, engineering, inspection, laboratory and field <br />testing, water supply, and all other applicable fees and <br />charges. Any part of the deposit not utilized by City for <br />payment of its services shall be returned to Owner. Owner <br />understands and agrees that the amount of said deposit is an <br />estimate and agrees to pay any additional amount for the <br />aforesaid services provided by City within ten (10) days <br />after billing by the City Collector. <br /> <br /> (e) Before the release of said final map by City for <br />recordation, Owner shall furnish to the City and file with <br />the City Clerk, certificates and policies of public <br />liability and property damage insurance as required by the <br />above-described Agreement. <br /> <br /> <br />