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4. Plans. All of said work shall be done and materials furnished <br />in strict accordance with the approved plans for said improvements,: <br />as shown on the attached Exhibit "A", and in accordance with the <br />standard specifications and details of the City of Pleasanton. It is <br />further understood that the work and materials shall be under the <br />supervision of the City Engineer, and performed and installed to his <br />satisfaction. <br /> <br /> 5. Related Contracts dnd Proceedings. Any pric!r contr;.~cts <br />between City and Developer and any prior app~ov~ls by Boards, <br />Commissions or Council of City shall. not be affected by the pro- <br />visions of this agreeme~t unless specific modifLcation is set <br />forth herein. <br /> <br /> 6. Security. On signing this agreement, the Developer shall <br />present to the City and file with the City Clerk, improvement security <br />as defined in Section 66499 of the Government Code of the State of <br />California. Said improvement security as approved by the City Attorney, <br />shall consist of the following as determined by the City: <br /> <br />a. cash deposit made with the City, <br /> <br />b. bonds by duly authorized corporate sureties, or <br /> <br />instruments of credit from financial institutions <br />subject to regulation by state or federal government, <br />or <br /> <br />bonds of a auly authorized surety company covering <br />all or a portion of said improvements required herein <br />where a contract for improvements has been let through <br />an assessment district proceeding, and where said <br />bonds have been filed with the City Clerk prior to <br />the execution of this agreement, as a part of the <br />existing i~rovement district proceedings. <br /> <br /> One bond shall be in the amount of 100% of the total estimated <br />cost of the work for each stage of development, conditioned upon <br />faithful performance of this agreement, and one bond in the amount <br />of 100% of the total estimate~ cost of the work for each stage of <br />development shall secure payment for labor and materials. <br /> <br /> Cash o~ instruments of credit shall be in an axl~ou~t not less <br />than 100% of the total estimated cost of improvements ~ich is as <br />follows: <br /> <br />$3,914,000.00 <br /> <br /> In event o~ breach by Developer, City may take over the work <br />and prosecute the same to completion by any method the City deems <br /> <br />-3- <br /> <br /> <br />