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a Letter of Credit in the amount of $1,000,000. <br />2.7 City agrees to adopt a plan line for the <br />necessary right-of-way forthwith. Lin agrees to cause the <br />preparation of the necessary construction drawings <br />(including civil and soils engineering) for the project <br />(Bernal/Bonde extension) and submit to City for review and <br />approval. Lin or Lin's successor in interest, either <br />directly or through third parties, agrees to build the <br />project as an off site project in connection with the <br />Lin/Kottinger Ranch development. All reasonable costs <br />associated with the project pursuant to this paragraph will <br />constitute project costs. <br />2.8 City agrees to initiate eminent domain <br />proceedings; give notice to the Department of Conservation <br />to the extent necessary to cancel the Williamson Act <br />Contract on the Bonde property; and, take all other <br />appropriate and necessary actions to acquire the right-of- <br />way for the project. Lin acknowledges that City's actions <br />may be subject to protest and resistance. <br />2.9 City further agrees that the contingency set <br />forth in Paragraph IV (c) of the Lin Long Term Agreement <br />and condition No. 3 of PUD 84-5, shall be deemed to have <br />been fulfilled upon payment to City of $500,000.00 pursuant <br />to the Long Term Agreement, and the earlier of a) approval <br />of construction drawings for the project (and issuance of <br />all necessary permits to commence) and the first initiation <br />5 <br />