CITY COUNCIL AGENDA PACKET - Laserfiche WebLink

SUBDIVISION IMPROVEMENT AGREEMENT TRACT No 8676 Page 2 of 7 a. Improvement Plans for Tract 8676 dated _________________and subsequent revisions to plans," prepared by C&V Consulting Inc. (73 sheets), approved by the City Engineer; and b. Civil Improvments Cost Estimate by C&V Consulting, Inc. dated 8/29/2024 (2 pages), hereinafter referred to as “Engineer’s Estimate”. 3. Inspection. City shall inspect all of said work through an inspector employed by City at the cost and expense of Subdivider, and Subdivider 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: $133,069.62 4. Soils Report. Subdivider shall adhere to the recommendations and requirements of the preliminary soils report as required by Section 66490 of the Government Code without expense to the City. Said information is contained in letters and reports within the Geotechnical Investigation Proposed Residential Development at 2025 Santa Rita Road by Quantum Geotechnical (45 pages) by Quantum Geotechnical, Inc. dated July 26, 2023. 5. Plans. All of said work shall be done and materials furnished in strict accordance with the approved plans for said tract map filed with the City Engineer, 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 the City Engineer’s satisfaction. 6. Related Contracts and Proceedings. Any prior contracts between City and Subdivider and any prior approvals by Commissions or Council of City shall not be affected by the provisions of this Agreement unless specific modification is set forth herein. 7. Security. On signing this Agreement, the Subdivider shall present to the City and file with the City Clerk, improvement security as defined in Section 66499 of the Government Code. 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 admitted to conduct such business in California, or c. instruments of credit from financial institutions subject to regulation by state or federal government, or Security in the form of cash, letter of credit, or bond is required in the following three areas: performance, labor and materials, and maintenance. The performance security shall be in the amount of 100% of the total estimated cost of the work for each stage of development, conditioned upon faithful performance of this Agreement. The labor and materials security shall be in the amount of 100% of the Page 164 of 682