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street light improvements, storm drain systems, domestic water systems and sanitary <br />sewer systems for the Project (collectively, "Improvements"). <br />F. Upon approval and recordation of the Parcel Map, the Property will be <br />merged into one parcel for development purposes. <br />G. City and Developer desire to enter into this agreement providing for the <br />construction and installation of the Improvements in accordance with the Improvement <br />Plans. <br />AGREEMENT <br />NOW, THEREFORE, in consideration of the faithful performance of the terms and <br />conditions set forth in this Agreement, the Parties hereto agree as follows: <br />1. Purpose. The purpose of this Agreement is to guarantee completion of the <br />Improvements and ensure satisfactory performance by Developer of Developer's <br />obligations to satisfy the Conditions pertaining to the Improvements. <br />2. Duty to Install Improvements. Developer will construct, install and complete, <br />or cause to be constructed, installed and completed, at Developer's sole cost and <br />expense, the Improvements, in accordance with the Improvement Plans and to the <br />satisfaction of the City Engineer, in their reasonable discretion. Developer will also supply <br />all labor and materials therefor, all in strict accordance with the terms and conditions of <br />this Agreement. The Improvements will include, but are not necessarily limited to, all of <br />the following: <br />2.1 grading, paving; <br />2.2 curbs, gutters, concrete walkways, driveways; <br />2.3 sanitary sewer system, complete; <br />2.4 permeable pavers; <br />2.5 water system, complete; <br />2.6 storm drainage system, complete; <br />2.7 site lighting system, complete; <br />2.8 street trees; <br />2.9 landscaping and irrigation system complete; <br />2.10 utility joint trenching; <br />REV: 10-02-24 VR <br />ATTY/AGR.2024.178/Redwood Crossing LLC (557 E Bayshore IA) (Page 2 of 24) <br />