RecDoc 2020-036922 Subdivision Agmt 1180 Main Street

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street light improvements, storm drain systems, domestic water systems and sanitary sewer systems for the Project (collectively, "Improvements"). E. Upon approval and recordation of the Parcel Map, the Property will be combined into one commercial parcel. F. 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. PU pose. 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 5ubiect to Agreement. The Property will 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 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: (a) grading, paving; (b) curbs, gutters, concrete walkways, driveways; (c) bridge (d) sanitary sewer system, complete; (e) water system, complete; (f) storm drainage system, complete; (g) on-site stormwater treatment system, complete; (h) off-site flow-through planter treatment systems, complete; (i) lighting system, complete; (j) street trees; REV: 02-18-2020 PR ATTY/AGR.2020.025/Premia 1180 Main Owner, LLC (Page 2 of 22)