RecDoc 2021-066490 Subdivision Improvement Agreement

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street light improvements, storm drain systems, domestic water systems and sanitary sewer systems for the Project (collectively, "Improvements"). F. Upon approval and recordation of the Final Map, the Property will be divided into twelve residential condominium units and one common area space. G. City and Developer desire to enter into this agreement providing for the construction and installation of the Improvements in accordance with the Improvement Plans. 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: 1. 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. 2. Property Subject to Agreement. The Property will be subject to this Agreement. 3. uty to Install Improvements. Developer will construct, install and complete, or cause to be constructed, installed and completed, at Developer's sole cost and expense, the Improvements, in accordance with the Improvement Plans and to the satisfaction of the City Engineer, in their 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 will include, but are not necessarily limited to, all of the following: REV: 01-06-2021 PR (a) grading, paving; (b) curbs, gutters, concrete walkways, driveways; (c) sanitary sewer system, complete; (d) water system, complete; (e) storm drainage and detention system, complete; (f) stormwater treatment system, complete; (g) site lighting system, complete; (h) street trees with grates and guards; (i) landscaping and irrigation system complete; Q) utility joint trenching; ATTY/AGR.2021.003/Pinn Bros (Page 2 of 22)