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7.A. - Page 159 Site during the Construction Period, but is not intended to satisfy any obligations related to the parking needs of Developer or its construction workers. 4.6.3 Prior to commencement of construction of the Project, Developer shall deliver, or cause Developer's Contractor to deliver, to the City copies of payment bond(s) and performance bond(s) issued by a reputable bonding company licensed to do business in California, and reasonably acceptable to the City, providing for payment and performance bonds for one hundred percent (100%) of the scheduled work of construction of the Project, including labor, material and equipment used in the work of improvement of the individual construction trade element of the Project, and for the Contractor's timely completion of the work of improvement of the individual construction trade element of the Project. Each such bond shall be in a penal sum of not less than one hundred percent (100%) of the scheduled cost of construction of the Project. The bonds shall name the City as dual obligee. Developer shall also provide, or cause Developer's Contractor to provide, a public improvement bond for the performance of work with respect to any public improvements constructed as part of the Proj ect. The City agrees that to the extent that any work covered by the Construction Contract constitutes public improvements which the City requires be separately bonded pursuant to the preceding sentence, then the penal amount of the payment and performance bond(s) provided pursuant to the first sentence of this paragraph may be reduced by the penal amount of any such separate bond(s) so that the same public improvement work is not bonded twice. 4.6.4 During the period of construction, the Developer shall provide to the City's Project Manager, on a monthly basis, an updated Critical Path Management Schedule, including a three-week project look-ahead schedule. The Critical Path Management Schedule shall be in such form and detail as may reasonably be required by the City. 4.6.5 Where the overall construction schedule will be reduced or duration or severity of impact to other businesses or traffic circulation could be reduced by construction prior to 7:00 a.m. or after 8:00 p.m., construction will be permitted outside of normal construction hours with 24-hour advance written notice provided to the City's Building Official. 4.6.6 City agrees to allow Developer access to an adj acent City-owned lot, located to the west of the Site, between Winslow Street and Hamilton Street (referred to as the "Winslow Lot") for purposes of staging activities related to the construction of the Proj ect on the Site. Any such access and use of the Winslow Lot shall be conditioned upon and subject to an entry and access agreement or other similar agreement to be entered into between the City and Developer prior to any such access and use, substantially in the form attached hereto as Exhibit J(Form of License Agreement for Winslow Lot) and incorporated herein by reference. 4.6.7 On or before the Project Completion Date, the Developer shall: (a) Complete the Proj ect and obtain and record a Notice of Completion, in accordance with California Civil Code Section 8182, for the Project; (b) Cause the Project to be inspected by each Government Agency and correct any defects and deficiencies that may be disclosed by any such inspection; 82483.00009\7571312.11 31 ATTY/AGR/2013.118/BLOCK 2 HUNTER STORM REV: 07-19-13 PT