RES 83214 - Laserfiche WebLink

Revised May 13, 1983 2. Work. Provided City obtains the easements, rights-of-way and other property rights necessary to construct the work, developer will do or cause to be done and performed the following described work: Improvements pursuant to Plans entitled Stoneridge Drive, Pleasanton, California, prepared by Bissell and Karn, dated June 1982; all as more particularly shown on the plans attached as Exhibit "A". 3. Inspection. City shall inspect all of said work through an inspector employed by City at the cost and expense of Developer, and Developer shall pay City the cost of such inspection as fixed by Ordinance. The City Engineer has tentatively fixed the inspection costs due upon execution of this agreement as follows: $76,600.00 4. Plans. All of said work shall be done and,materials furnished in strict accordance with the approved plans for said improvements, as shown on the attached Exhibit "A", and in accordance with the standard specifications and details of the City of Pleasanton. It is further understood that the work and materials shall be under the supervision of the City Engineer, and performed and installed to his satisfaction. 5. Related Contracts and Proceedings. Any prior contracts between City and Developer and any prior approvals by Boards, Commissions or Council of City shall not be affected by the provisions of this agree- ment unless specific modification is set forth herein. 6. Security. On signing this agreement, the Developer shall present to 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 City Attorney, shall consist of the following as determined by the City: a. cash deposit made with the City, or b. bonds by duly authorized corporate sureties, or instruments of credit from financial institutions subject to regulation by State or Federal government, or bonds of a duly authorized surety company covering all or a portion of said improvements required herein where a contract for improvements has been let through an assessment district proceeding, and where said bonds have been filed with the City Clerk prior to the execution of this agreement, as a part of the existing improvement district proceedings.