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1. Time of Essence. Time is of the essence in the performance of this Agreement. The work and improvements required by this Agreement to be completed by Subdivider shall be completed within one (1) year from the above-mentioned date of this Agreement. The City may extend the time for completion of improvements hereunder, upon good cause being shown by the Subdivider. Any such extension may be granted without notice to the Subdivider's surety, any extension so granted shall not relieve the surety's liability on the bond to secure the faithful performance of this Agreement. 2. Work. Subdivider will do or cause to be done and performed the following described work: Improvements pursuant to plans entitled "Improvement Plans, Tract 6275, Equus Heights, Phase I, Pleasanton, California," prepared by Bryan Murphy Associates, Inc., May 199.1. 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 inspection costs previously paid are as follows: $19,203.44 4. Soils Report. Subdivider has provided a 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 sr furnished in strict accordance with t tract filed with the City Engineer, standard specifications and details of is further understood that the work a the supervision of the City Engineer, to his satisfaction. . all be done and materials he approved plans for said and in accordance with the the City of Pleasanton. It zd materials shall be under and .performed and installed 6. Related~Contracts and Proceedincts. 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 maintain with the City and file with the City Clerk, improvement security as defined in Section 66499 of the Government Code of the State of California. Said improvement security as approved by the Subdivision ASrcement - Trsct 6275 (P.quitrol, Tnc. 12/1/92)