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07
City of Pleasanton
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CITY CLERK
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AGENDA PACKETS
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2018
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041718
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07
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CITY CLERK
CITY CLERK - TYPE
AGENDA REPORT
DOCUMENT DATE
4/17/2018
DESTRUCT DATE
15Y
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6. Plans. All of said work shall be done and materials furnished in strict accordance with the <br /> approved plans for said tract filed with the City Engineer, and in accordance with the standard <br /> specifications and details of the City of Pleasanton, except as shown on the plans identified in <br /> Section 2, above, or as the otherwise approved by the City Engineer. It is further understood that <br /> the work and materials shall be under the supervision of the City Engineer, and performed and <br /> installed to his satisfaction. <br /> 7. Related Contracts and Proceedings. Any prior contracts between City and Subdivider and <br /> any prior approvals by City staff, Commissions or Council of City shall not be affected by the <br /> provisions of this Agreement unless specific modification is set forth herein. <br /> 8. Security. On signing this Agreement, the Subdivider shall present to the City and file with <br /> the City Clerk, improvement security as defined in Section 66499 of the California Government <br /> Code. Said improvement security as approved by the City Attorney, shall consist of the <br /> following as determined by the City: <br /> A. Cash deposit made with the City, or <br /> B. Bonds by duly authorized corporate sureties admitted to conduct such business in <br /> California, or <br /> C. Instruments of credit from financial institutions subject to regulation by state or <br /> federal government, or <br /> D. Bonds of a duly authorized surety company covering all or a portion of said <br /> improvements required herein where a contract for improvements has been let <br /> through an assessment district proceeding, and where said bonds have been filed with <br /> the City Clerk prior to the execution of this Agreement, as a part of the existing <br /> improvement district proceedings. <br /> One bond shall be in the amount of 100% of the total estimated cost of the work for <br /> each stage of development, conditioned upon faithful performance of this Agreement; <br /> one bond in the amount of 100% of the total estimated cost of the work for each stage <br /> of development shall secure payment for labor and materials; and, as provided in <br /> Section 9, below, one bond in the amount of ten percent (10%) of the estimated value <br /> of the public improvements to secure maintenance of the improvements for one year <br /> following City Council acceptance. <br /> Total estimated cost of subdivision improvement is as follows (detailed in Exhibit A): <br /> $3,608,000 <br /> In the event of any breach by Subdivider, City may take over the work and prosecute the <br /> same to completion by any method the City deems advisable. Said work shall be for the <br /> account and at the expense of the Subdivider. Subdivider shall be liable to the City for <br /> any excess costs or damages suffered by the City. The City shall release the faithful <br /> Subdivision Agreement <br /> Tract 8259—Ponderosa Homes II,Inc. Page 3 of 7 <br />
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