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8. Securitv to Insure Guarantee. Owner agrees, as a condition precedent to <br /> City's acceptance of any of the Improvements which are the subject of this Agreement, to <br /> furnish and file with the City Clerk a bond or deposit in the amount of One Hundred Twenty Six <br /> Thousand Sixty Four dollars and Twenty cents ($126,064.20) for all expressly conditioned <br /> Improvements to secure Owner's compliance with the provisions of Paragraph 7 hereof, for a <br /> period of one (1) year after final acceptance of the work done under this Agreement. The bond <br /> or deposit shall be furnished by Owner. <br /> 9. Deposit for Plan Check and Insaection. Owner shall deposit with City the sum <br /> of Forty Six Thousand Nine Hundred Thirty Four dollars and Twelve cents ($46,934.12) <br /> ("Deposit"), less all amounts previously paid to City by Owner for such services, to compensate <br /> City for all engineering, inspection, plan check, laboratory and field testing, construction, and <br /> other services furnished by City in connection with the Improvements. Owner understands that <br /> the Deposit is an estimate and further agrees to pay to City the actual cost of providing such <br /> services, in accordance with the City's current fees. Owner agrees to complete payment of <br /> such additional sum or sums for the services provided by City, if any, within ten (10) days after <br /> billing by City of the additional sum to be paid and agrees that the amount payable shall be <br /> increased by ten (10) percent in the event payment is not made within thirty (30) days after <br /> billing. Any part of the Deposit or such additional sum or sums not utilized by City shall be <br /> returned promptly to Owner. <br /> 10. Time Extensions/Immunitv from Acts of God. Owner shall not be in default of <br /> any provision of this Agreement or subject to any penalty hereunder where timely performance <br /> or timely compliance is prevented by Acts of God, including natural disasters, and/or unusually <br /> inclement weather, civil emergencies, inability to obtain materials (except for such inability <br /> occasioned by the act, or failure to act, of Owner), change in governmental regulations, or <br /> similar acts which are beyond Owner's reasonable ability to control; however, Owner shall be <br /> ATTY/AGR/2012.070/134 MAPLE IMPROVEMENTAGREEMENT <br /> REV:06-04-12 VR <br /> Page 7 of 9 <br />