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or mentioned in said Agreement, within the time therein specified, in the amount <br />of One Hundred Eighty Thousand and No /100 Dollars ($180,000.00). Owner <br />shall have prepared and delivered to City complete "as built" plans for said <br />improvements prior to the release of said cash deposit. <br />(b) Owner shall deposit Twelve Thousand Seven Hundred and No /100 <br />Dollars ($12,700.00) for plan checking, engineering, inspection, laboratory and <br />field testing, water supply, and all other applicable fees and charges. Any part of <br />the deposit not utilized by City for payment of its services shall be returned to <br />Owner. Owner understands and agrees that the amount of said deposit is an <br />estimate and agrees to pay any additional amount for the aforesaid services <br />provided by City within ten (10) days after billing by the City Collector. <br />(c) Upon execution of the Agreement by Owner and City, Owner shall <br />furnish to City and file with the City Clerk, certificates and policies of public <br />liability and property damage insurance as required by the above - described <br />Agreement. <br />2. Before the release of cash deposit described in paragraph 1(a) above <br />by City, Owner shall undertake to guarantee for one (1) year the workmanship <br />and materials of all work and construction of all improvements designated or <br />mentioned in said Agreement. As a condition precedent to City's acceptance of <br />any of the Improvements which are the subject of the Agreement, Owner shall <br />furnish to City and file with the City Clerk a cash deposit securing the faithful <br />performance by Owner of all such maintenance work, in the amount of Eighteen <br />Reso -994 2 <br />F:\.shared\Redwood \Council <br />FXS:djk <br />09/15/00 <br />09/28/OOR <br />14054 <br />