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1. Time of Essence. Time is of the essence in the performance of this agreement. The work and improvements required by this agreement to be completed by Subdivider shall be completed within two (2) years from the above-mentioned date of this agreement. The City may extend the time for completion of improvements hereunder, upon good cause being shown by the subdivider. Any such extension may be granted without notice to the Subdivider's surety, and extension so granted shall not relieve the surety's liability on the bond to secure the faithful performance of this agreement. 2 . Work. Subdivider will do or cause to be done and performed the following described work: a. Street improvements as shown on all approved improvement plans tor Parcel Map 3863 including, but not limited to: (1) storm drainage system, including storm water inlets and field inlets; (2) sewers, including lot cervices: (3) Water, including lot services and irrigation cervices; (4) Fire hydrants, curb and gutter, sidewalks and pavement; and (5) Bus turn-outs, including shelters and special crosswalk treatments. b. Landscaping of medians and intersections as shown on landscape plans including street trees, ground cover, shrubs and irrigation system. c. Traffic signal installations at Rosewood/Owens, Hacienda/Owens and Willow/Owens as shown nn the traffic signal plans including signals, controllers and detector loops. d. Joint utility trenches in conjunction with appropriate utility agencies as shown on the utility plans including conduits for gas, electrical, telephone and cable TV, the actual utilities shall be installed by appropriate utility agency. e. Street lighting as shown on the utility plans and street improvement plans including conduit, wiring, poles and illuminares. f. Drainage structure on Owens Drive and Chabot Canal as shown on the impcuvement plans. - 1 -