Agmt00 Pacific Shores Dev - Laserfiche WebLink

Browse Search

· for a period of i3'he (1) year after final acceptance o~-the work done under this Agreement. The bond or deposit may be furnished by Owner or its contractor. 9. Deposit for Plan Check and Inapection. Owner shall deposit with City the sum of One Hundred Twenty Thousand and No/100 Dollars ($120,000.00) ("Deposit'), less all amounts previously paid to City by owner for such services, to compensate City for all engineering, inspection, plan check, laboratory and field testing, construction, and other services furnished by City in connection with the Improvements. Owner understands that the Deposit is an estimate and further agrees to pay to City the actual cost of providing such services, in accordance with the City's current fees. Owner agrees to complete payment of such additional sum or sums for the services provided by City, if any, within ten (10) days after billing by City of the additional sum to be paid and agrees that the amount payable shall be increased by ten (10) percent in the event payment is not made within such ten (10) day period. Any part of the Deposit or such additional sum or sums not utilized by City shall be returned promptly to Owner. 10. Time Extensions/Immunity from Acts of God. Owner shall not be in default of any prevision of this Agreement or subject to any penalty hereunder where timely performance or timely compliance is prevented by Acts of God, including natural disasters, and/or unusually inclement weather, civil emergencies, inability to obtain materials (except for such inability occasioned by the act, or failure to act, of Owner), change in governmental regulations, or similar acts which are beyond Owner's reasonable ability to control; however, Owner shall be obligated to perform or comply within a reasonable time after the event or action which precluded Owner from timely performance no longer exists. 7 SH/RWC/Council Agmt-361 06105100 06/09/00R FXS/fs