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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 Two <br />Hundred Eighty -five Thousand Two Hundred and No /100 Dollars ($285,200.00). <br />Said cash deposit shall be effective for a period of one (1) year after acceptance <br />of the Improvements by City's Council. <br />3. Those certain plans entitled, "Construction Drawings for Pacific Shores <br />Center Lot 6 ", as well as the City's revised specifications entitled, "Engineering <br />Standards of the City of Redwood City ", adopted January 5, 1998 which plans <br />and specifications are on file in the office of the City Engineer, Engineering and <br />Construction are hereby approved and adopted as the plans and specifications <br />according to which the above - mentioned Improvements shall be constructed. <br />Reso-1009 3 <br />F:\sh\sh\\Redwood\Counci1 <br />FXS:rg <br />10/03/00 <br />14055 <br />