AgdaPkt 2020-04-27 Joint SA PFA - Laserfiche WebLink

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6.C. - Page 5 of 57 F. Pursuant to Redwood City Code section 18.253(B), Developer is eligible for a partial credit against the Transportation Impact Fees otherwise payable by Developer in connection with the Project for completing the TIF Eligible Improvements. G. City and Developer desire to enter this Agreement to, among other things, provide for the construction and installation of the Improvements in accordance with the Improvement flans and set forth the terms under which Developer will be eligible to receive a partial credit towards payment of Transportation hnpact Fees. AGREEMENT NOW, THEREFORE, in consideration of the faithful performance of the terms and conditions set forth in this Agreement, the parties hereto agree as follows: I . Purpose. The purpose of this Agreement is to guarantee completion of the Improvements and ensure satisfactory performance by Developer of Developer's obligations to satisfy the Conditions pertaining to the Improvements and to set forth the terms render which Developer will be eligible to receive a partial credit towards payment of Transportation Impact Fees. 2. Property Subiect to Agreement. The Property shall be subject to this Agreement. 3. Duty to Install Improvements. Developer will construct, install and complete, or cause to be constructed, installed and completed, at the Developer's sole cost and expense, the Improvements, in accordance with the Improvement Plans (defined in Recital E. above) and to the satisfaction of the City Engineer, in his reasonable discretion. Developer will also supply all labor and materials therefor, all in strict accordance with the terms and conditions of this Agreement. The Improvements shall include, but are not necessarily limited to, all of the following: (a) grading, paving (b) curbs, gutters, concrete walkways, driveways (c) sanitary sewer system, complete (d) water system, complete (e) storm drainage collection, treatment, and detention system, complete (f) site lighting system, complete (g) street trees (h) landscaping and irrigation system complete (i) utility joint trenching 0) all Conditions of the Tentative Map (k) and all other work, improvements, or construction required by or specified in the abovementioned plans and specifications, conditions of permits and all construction, appurtenances and improvements necessary as reasonable ATTY/AGRl2015.107IGREYSTAR -103 WILSON - IA WITH TIF CREDIT Page 2 of 27 REV: 05-28.15 VR 31