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DES:djk 1~/26/94 (044/39) <br /> <br />all Future Improvements designated or mentioned in said <br />agreement, within the time therein specified by City, the <br />principal amount of which security shall be equal to the <br />costs of such construction as determined by City; and Owners <br />shall also furnish to City and file with the City Clerk, a <br />bond or deposit securing the payment by Owners of all bills <br />for labor and materials incurred in the construction of any <br />and all said Improvements, and the doing of all other work <br />therein agreed to be done by Owners, in an amount equal to <br />the costs of such construction as determined by City. <br />Owners shall have prepared complete "as built" plans for <br />said Improvements prior to the release of said bond or <br />deposit. <br /> <br /> (c) Pursuant to the above-mentioned agreement, Owners <br />shall undertake to guarantee for one (1) year the <br />workmanship and materials of all work and construction of <br />all Future Improvements defined and described in said <br />agreement. Before acceptance of the Improvements by City, <br />Owners shall furnish to City and file with the City Clerk a <br />bond or deposit securing the faithful performance by Owners <br />of all such maintenance work, in an amount to be determined <br />by City. Said bond or deposit shall be effective for a <br />period of one (1) year after acceptance of the Improvements <br />by City's Council. <br /> <br /> (d) Before City shall perform any services relating to <br />construction of the Future Improvements defined and <br />described in the above-mentioned agreement, Owners shall <br /> <br /> 2 <br /> <br /> <br />