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Pleasanton. The construction work to be performed by <br />Developer and included in the improvements eligible for <br />reimbursement hereunder (collectively hereinafter referred to <br />as "Improvements") shall include the work described in <br />Exhibit "A" attached hereto and incorporated herein by this <br />reference, which shall be performed as per estimated cost as <br />stated in Exhibit "A". The City shall pay an amount not to <br />exceed One Hundred Twenty-five Thousand Five Hundred Eighty <br />Dollars ($125,580.00). <br /> <br /> The reimbursement fee shall be based upon estimates of <br />construction costs plus overhead of fifteen percent (15%). <br />Within sixty (60) days after completion of the Project, <br />Developer shall submit an invoice and accounting of costs to <br />the City Engineer. City shall make payment within thirty <br />(30) days of said invoice. <br /> <br /> 3. Ownership. Ownership of Improvements shall vest <br />with the City when City Council accepts the Improvements. <br /> <br /> 4. Term. Developer shall complete said improvements <br />by July 30, 1989. <br /> <br /> 5. Insurance. Developer agrees to fulfill the <br />following: <br /> <br /> a. Provide a certificate of insurance issued to <br /> the City of Pleasanton from its insurance carrier <br /> providing proof of Workers Compensation and policy <br /> number. <br /> <br /> b. Provide a Certificate of Insurance from his <br /> insurance carrier showing the amount of public Liability <br /> and Property Damage coverage and naming the City of <br /> Pleasanton, its Council, employees, officers, boards and <br /> Agents as additional insureds. Insurance coverage shall <br /> be in at least the following amounts: <br /> <br /> PUBLIC LIABILITY <br /> General Bodily Injury $3,000,000 Per Occurrence <br /> General Property Damage $1,000,000 Per Occurrence <br /> or <br /> Combined Single Limit on Bodily Injury and Property <br /> Damage Liability - $3,000,000 <br /> <br /> AUTOMOBILE LIABILITY <br /> Bodily Injury - $500,000 Per Person/$1,000,O00 Per <br /> Occurrence <br /> Property Damage - $100,000 Per Occurrence <br /> or <br /> Combined Single Limit on Bodily Injury and Property <br /> Damage Liability - $1,000,000 <br /> <br /> -2- <br /> <br /> <br />