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~ ~ l . 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 one (1) year 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, any 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) Public Storm Drain improvements from Vineyard Avenue "S" curve to existing manhole in East Bay Regional Park District Easement (see Exhibit "A") to be designed by Al Pascual & Associates, Inc and subsequent revisions to plans, prepared by Al Pascual & Associates, Inc. and approved by the City Engineer; 3. Inspection. City shall inspect all of said work through an inspector employed by City at the Vineyard Avenue Specific Plan fee cost. 4. Soils Report. Subdivider shall provide a preliminary soils report as required by Section 66490 of the Government Code. Said data shall be compiled by a qualified soils testing engineer without expense to the City. 5. Plans. All of said work shall be done and materials furnished in strict accordance with the approved plans for said public improvements to be 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 his satisfaction. 6. Related Contracts and Proceedings. Any prior contracts between City and Subdivider and any prior approvals by Boards, Commissions or Council of City shall not be affected by the provisions of this Agreement unless specific modification is set~'orth herein. 7. Securit 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 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 Public 1 mprovement Agreement for items to be constructed with Tract Project: Tract 7499, Lakeside Estates, Vineyard Avenue Page 2 of 8