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b. Landscaping, Irrigation,Joint Trench and Lighting Plans,Tract 7813 3. Inspection. City shall inspect all of said work through an inspector employed by City at the cost and expense of Subdivider,and Subdivider shall pay City the cost of such inspection as fixed by Ordinance. The City Engineer has tentatively fixed the inspection costs due upon execution of this Agreement as follows: $146,663.00 4. Soils Report. Subdivider shall provide a preliminary soils report as required by Section 66490 of the Government Code. Said data shall be compiled by a qualified soils testing engineer without expense to the City. 5. Plans. All of said work shall be done and materials furnished in strict accordance with the approved plans for said tract filed with the City Engineer,and in accordance with the standard specifications and details of the City of Pleasanton. It is further understood that the work and materials shall be under the supervision of the City Engineer,and performed and installed to the City Engineer's satisfaction. 6. Related Contracts and Proceedings. Any prior contracts between City and Subdivider and any prior approvals by Boards,Commissions or Council of City shall not be affected by the provisions of this Agreement unless specific modification is set forth herein. 7. Security. On signing this Agreement,the Subdivider shall present to the City and file with the City Clerk, improvement security as defined in Section 66499 of the Government Code. Said improvement security as approved by the City Attorney,shall consist of the following as determined by the City: a. cash deposit made with the City,or b. bonds by duly authorized corporate sureties admitted to conduct such business in California,or c. instruments of credit from financial institutions subject to regulation by state or federal government,or Security in the form of cash, letter of credit,or bond is required in the following three areas: performance, labor and materials,and maintenance. The performance security shall be in the amount of 100%of the total estimated cost of the work for each stage of development,conditioned upon faithful performance of this Agreement. The labor and materials security shall be in the amount of 100%of the total estimated cost of the work for each stage of development. The maintenance security shall be in the amount of ten percent(10%)of the estimated value of the public improvements. The total estimated cost of the improvements is: $3,199,000.00 Performance Security/Labor and Materials Security: In the event of any breach by Subdivider, City may take over the work and prosecute the same to completion by any method the City deems SUBDIVISION AGREEMENT TRACT NO. 7813,Meadowlark Page 2 of 7