RecDoc 2012-113313 - Laserfiche WebLink

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� addirional sum to be paid and agrees that the armount payabla shall be increased by ten pez•cent(10%}in the event payment is not made within such fifteen (15) day period. Any part of the Deposit or such additional sum or sums not utilized by City shall ba returned pi•omptly to Developer. 11. Completion of Work, After Developer (a) completes the Work in accordance wi�h the Improvement Plans and the terms and conditions of this Agreement, (b) repairs any private or publio property damaged as a result of the Work or pays the full cost of such repair to the owner whose property was damaged and {c) obtains the wi7tten accBptance o£such repair or payment from any owner whose private property was repaired by Developer or to whom Developer paid the full cost of such repair, Developer will provide City with a written notice of oompletion, together with copies of all written acceptances. 12. Final Acceptanca. 12.1 Natice of Completion. Within thirry(30} days of receipt of Developer's written notification pursuant to Section 11 above,the City Engineer shall inspect the Work and repairs and review the writtan acceptances, if any, and send Developer a written notice stating whether the Work and repairs are complete to the satisfaction of the City Engineer, in ius raasonable discretion,and whether the written acceptances have bean provided. If the Work and repairs are, in the opinion af the City Engineer, not complete and saf.isfactory, and/or written acceptances have not been provicied,the City Enginear will tist the deficiencies that must be corrected to find tlie Work and repairs complete and satisfactory. Upon satisfactory compledon of the Work and repairs and submittal of written acceptances, tha City Engineer wilf send Developer a written notice of satisfactory completion, The requirement for written accepfiances may be waived by the City Engineer, in his reasonable discretion, if Developer has made commercially reasonabla efforts to obtain such acceptances. The City Enginear's failure to respond to Developer's written nofification within thirty{30}days will not be deemed a breach or default under this Agreement. 12.2 Acceptance of Improvements. Aftar sending Developer a written notice of satisfactory completion pursuant to Section 12.1,the City Engineer will recommend acceptance of the Impxovements to tha City Council. The acceptance of the Improvements, offers of dedication and right of way,and easements(except as expressly provided in Section 16 below),if any, shall be by resolution of the City Council, with the xnatter placed on the next available agenda for Ci#y Council actian. Upon City Council's adoption of such resoluhon, fhe City Engineer sha(1 promptly record a notice which provides for acceptance of the improvements,in a form to be approved by the City Attorney,in the Officiai Recocds of San Mateo County. 13. Parformance.Labor and Materials and Warrantv Securitx. 131 In accordance with Chapter 30 of the Redwood City Code, Developer will furnish and deliver to City,within the times set forth below,the following security,eaeh of which must be issued hy a surety company duly and regulariy authorized to do general surety business in the State of California,or such other surety as may be acceptable to the City Engineer. (a) Pei�formance Securitv. Developer shall £urnish and deliver performance securiiy in the arr�ount of Six Hundred Eighty Nine Thousand Three Hundred Sixty Dollars($b89,360.00),concurrently with the execution of this Agreement,which security must meet the requirements of Government Code seotion 66499.1 and Redwood City Code Section 30.80 and be acceptable to the City Engineer. The s$curiiy shall be conditioned upon the faithful parformance of this Agreement with respect to the Work and shall be released by City in accordance with Seotion 14 below upon final acceptance ATTY/AGR/2012.065/2580�CR(URBAN HQUSING)SUBpIVISION EMPROVEMENTAGREEN{ENT REV:66-05-i2 VR Page 4 of 16