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ATTY/ORD.0010/CC ORD AMENDING MUNI CODE CH.18, 27A, 30 – EXHIBIT C REV: 09-17-24 VR Page 35 of 65 subsection A of this Section (Subdivision Improvement Agreement) at a minimum. Where public improvements are required, improvement plans, engineering calculations, and cost estimates shall be submitted and approved by the City Engineer prior to acceptance of a final map or parcel map for filing. C. Deferred improvement agreements. The City may allow subdivision improvements to be deferred until a later date in accordance with Government Code Section 66411.1. When deferment is allowed, the subdivider shall enter into a deferred improvement agreement in a form acceptable to the City Engineer and City Attorney for installment of all deferred improvements at a specified later time. Deferred improvement agreements shall comply with the following requirements: 1. The subdivider shall begin construction of improvements within a date mutually agreed upon in writing. 2. In the event of a default by the subdivider, the City is authorized to have construction done and charge the entire cost and expense to the subdivider, including interest from the date of notice of the cost and expense until paid. The interest rate shall be consistent with the requirements of Article 15, Section 1 of the California State Constitution. 3. The City shall record the agreement with the County Recorder and shall constitute notice to all successors and assignees of title to the real property of the obligations specified in the agreement. 4. The agreement shall constitute a lien in a sufficient amount necessary to fully reimburse the City, including interest, subject to foreclosure in the event of a default in payment. The obligations under the agreement shall run with the property and constitute a lien against it. 5. In the event of litigation caused by default of the subdivider, the subdivider agrees to pay all costs involved, including reasonable attorneys’ fees. Those costs shall become a part of the lien against the real property. 6. The construction of deferred improvements shall conform to the City standard plans and specifications and all applicable City ordinances and regulations in effect at the time of construction. D. Remainder parcels. 1. For a designated remainder parcel, the subdivider may enter into an agreement with the City to construct improvements prior to future City approval of development on the remainder parcel. The improvements shall be at the subdivider’s expense.