Agmt82 Price Company (now COSTCO)

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, � � ,.�,,. �.,; �. � above extension provisions of this agreement. 6 . Al1 pipes and monuments shown on the parcel map hereinafter referred to which are destroyed or displaced during construction operations shall be replaced by Developer at the time of the final inspection of the improvements hereunder by City. 7 . It is agreed that title and ownership of all improvements constructed for the benefit of City hereunder by Developer shall vest absolutely in City, upon completion and acceptance of such improvements by City. 8 . All work to be provided for in this agreement and more specifically described in the plans and specifications to be prepared shall be subject to approval and acceptance by the Director of Public Works before the release of any security called for herein. Upon completion of the aforementioned work, and prior to the release of any security called for herein, Developer shall furnish City with a complete set of plans and drawings showing the improvements in their actual or "as built" condition and location. Partial release of any security called for herein may be granted, at the discretion of City. 9 . Developer agrees that if, within a period of one (1) year after final acceptance of the work done under this agreement, any improvement or part of any improvement furnished and/or installed or constructed or caused to be constructed by Developer, or any of the work to be done under this agreement, fails to fulfill any of the requirements of this agreement, or the plans and specifications to be prepared will upon receipt of a request in writing from City directing the work to be done, without delay and without any cost to City, repair or replace or reconstruct any defective or otherwise unsatisfactory part or parts of the improvement or work. Should Developer fail to act prumptly to makz such repair, replacement or reconstruction or to otherwise act in 5