Laserfiche WebLink
Construct storm drainage facilities, landscaping, walkways, <br />and restoration of existing facilities over and along the <br />Pleasanton Canal as per plans prepared by Bissell & Karn, <br />dated March 1986, attached as Exhibit A. <br />3. Inspection. City shall inspect all of said work through <br />an inspector employed by City. <br />4. Plans. All of said work shall be done and materials <br />furnished in strict accordance with the approved plans for said <br />improvements, as shown on the attached Exhibit "A", and in <br />accordance with the Standard Specifications and Details of the <br />City of Pleasanton. It is further understood that the work and <br />materials shall be under the supervision of the City Engineer, or <br />his designated agents, and performed and installed to his <br />satisfaction. <br />5. Related Contracts and Proceedings. Any prior contracts <br />between City and Developer and any prior approvals by Boards, <br />Commissions or Council of City shall not be affected by the <br />provisions of this agreement unless specific modification is set <br />forth herein. <br />6. Security. On signing this agreement, the Developer shall <br />present to the City and file with the City Clerk, improvement <br />security. Said improvement security as approved by the City <br />Attorney, shall consist of the following as determined by the <br />City: <br />a. cash deposit made with the City, or <br />b. bonds by duly authorized corporate sureties, or <br />c. instruments of credit from financial institutions <br />subject to regulation by the State or Federal <br />government, or <br />d. bonds of a duly authorized surety company covering <br />all or a portion of said improvements required <br />herein where a contract for improvements has been <br />let through an assessment district proceeding, and <br />where said bonds have been filed with the City <br />Clerk prior to the execution of this agreement <br />as a part of the existing improvement district <br />proceedings. <br />One bond shall be in the amount of 100% of the total <br />estimated cost of the work for each stage of development, <br />conditioned upon faithful performance of this agreement and <br />shall secure payment for labor and materials. <br />Cash or instruments of credit shall be in an amount no less <br />than 100% of the total estimated cost of improvements which is as <br />follows: <br />$350,000.00 <br />- 2 - <br />