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subject to the review by the City Engineer and approval by the Planning Commission. 62. The property owner shall enter into a deferred street improvement agreement prior to approval of the final map with the City agreeing to construct or finance the construction of street improvements adjacent to the site to the extent required by the Subdivision Ordinance at such time in the future, as this is deemed necessary by the City Engineer. This agreement shall be recorded with the County Recorder's Office. Said public improvements may include, but are not necessarily limited to grading, curb and gutter, sidewalk, paving, street lighting, street trees, fire hydrants, street monuments, underground utilities, storm drain facilities, sanitary sewer facilities, tree removal, traffic control devices, landscaping and automatic irrigation systems. This agreement shall be executed and approved by the City Council prior to the issuance of a structural building permit or approval of a final map, whatever comes first. The property owner/project developer shall deposit a bond with the City to ensure future completion of the required improvements. This bond shall be in a standard form approved by the City Attorney and shall be in an amount satisfactory to the City Engineer. The City Engineer may accept or may require a cash payment in-lieu of bonding where circumstances warrant. 63. The project developer shall dedicate to the City for street right-of--way purposes those parcels of land intended to be public streets. 64. The project developer shall submit a refundable cash bond for hazard and erosion control prior to issuance of an Engineering or Building and Safety Division permit. The amount of this bond will be determined by the City Engineer. 65. The project developer shall grant an easement to the City over those parcels needed for public service easements (P.S.E.) and which are approved by the City Engineer or other easements, which may be designated by the City Engineer. 66. A11 existing wells on the site shall be removed or sealed, filled and abandoned pursuant to Alameda County Ordinance 73-68, prior to the start of grading operations unless Zone 7 retains specific wells for observation wells, or special approval is obtained from the City Engineer for temporary use of an existing well for construction water or for landscape water. Any wells designated for abandonment or any wells, encountered during construction, are to be destroyed in accordance with a permit obtained from Zone 7. 67. The design for the line, grade, and structural sections for the streets serving this development shall be subject to final review and approval by the City Engineer. 16