RES 82366 - Laserfiche WebLink

..~,Agreemen~ .Page 5 section. Failure to meet time requirements shall permit City to terminate this Agreement immediately. City may extend time periods at its discretion. PROPERTY OF CITY Owner agrees that all studies, reports, design materials, plans and specifications for the expansion of the Dublin San Ramon Services District Treatment Plant and LAVW~4A Export Pipeline and related facilities undertaken, com- pleted and paid for by ~ner shall become the property of City and other governmental agencies designated by City.. FEASIB'~LITY STUDY, PAYMENT Owner agrees to pay City $6,000 for the cost of an engineering feasibility study by REM Consulting Engineers relating to DSRSD study for expansion of plant. Such payment to be made within ten (10) days after the signing of this Agreement by Owner and City. DEVELOPMENT/~STER PLAN Owner shall, prior to the date selected by City for the election if required by LA~MA or prior to solicitation of construction bids if no election is held, provide City with a proposed general comprehensive master plan for the development of Owner's property. Such comprehensive master plan will designate approxi- mate locations for streets and the proposed uses for all sites. Such comprehensive master plan will also indicate development phasing. DEPOSITS O~.mer shall deposit with City within twenty-five (25) days after bid opening for construction of the expansion project cash, surety bonds, certificates of deposit, or other securities acceptable to the City equal to the lowest acceptable construction bid plus contingencies and administrative costs as determined by City. Thirty (30) days after the acceptance by City of the "Engineer's Estimate" of the cost of the entire project either party may terminate this Agreement without cost or obligation. At the completion, acceptance, and payment of obligations and liens of the construction projects any unencumbered funds, bonds, certificates of deposits, or other securities of Owner remaining with City shall be returned to 0~er. Upon commencement of construction of any portion of Stoneridge Drive on Owner's property as described in Exhibit A Owner shall pay to the City the amount required by the City to finance (or reimburse) one-half (1/2) of the cost of traffic signals at the intersection of Stoneridge Drive and Hopyard Road.