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a bonding company stating such bonding company's commitment to issue to Developer performance, labor& material, and maintenance bonds for the public and subdivision improvements for Tract 7660 in general conformance with the requirements of Pleasanton Municipal Code §19.24.080. Such letter shall be in a form and for amounts reasonably determined as adequate by the City Engineer, or his or her designee. Developer may provide alternate security in the form of a letter of credit or cash deposit, as provided by Pleasanton Municipal Code §19.24.080, and as reasonable approved by the City Attorney, or his or her designee. 2. Council Action. The City's execution of this Agreement does not alter the City Council's authority pursuant to Pleasanton Municipal Code §19.24.050 to approve or disapprove the final map for Tract 7660. 3. Escrow. If the City Council approves the final map for Tract 7660, an escrow account with a title company approved by all parties will be established, and the following documents and other items shall be deposited into such escrow: a. Final map for Tract 7660 executed by Owners and other appropriate parties, after approval by the City Engineer and certification by City Clerk; b. Grant deed from Owners to Developer for Lots 1 — 10, inclusive, and Parcels B, C, D- 1 and D-2 of Tract 7660; c. Developer's payment to Owners for portions of Property being granted to Developer; d. Disclosures, agreements, and other documents required to be recorded against all or portions of the Property by PUD-05, the Vineyard Avenue Corridor Specific Plan, and any other City approvals for the Property; e. Subdivision improvement agreement executed by Developer for Tract 7660 in a form approved by the City Engineer or his or her designee; f. Bonds, cash deposits, fees and other securities deposited by Developer into escrow to meet the requirements of the Tract 7660 Subdivision Improvement Agreement as reasonably determined by the City Engineer or his or her designee; and g. Escrow instructions approved by all parties to provide that once all of the required documents and deposits are received into escrow, the title company may sequentially record the final map for Tract 7660, the grant deed from Owners to Developer, record other documents, and release funds, deposits, fees, other securities and agreements. h. The parties agree that escrow must be completed within forty-five (45)days of the City Council's approval of a final map for Tract 7660, if so approved as provided in Section 2, above. Agreement for Final Map Approval without Improvement Agreement or Bonds—Tract 7660,Silver Oaks Estates Page 2 of 4