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<br />1 <br />2. Work. Developer will do or cause to be done and performed <br />the following described work: Improvements pursuant to Street <br />Improvement Plans, Hopyard Road Between West Las Positas Boulevard <br />and Johnson Drive, prepared by Bissell and Karn, dated August, 1981. <br />3. Inspection. City shall inspect all of said work through an <br />inspector employed by City at the cost and expense of Developer, and <br />Developer shall pay City the cost of such inspection as fixed by <br />Ordinance. <br />The City Engineer has tentatively fixed the inspection costs due <br />upon execution of this agreement as follows: <br />$160,600.00 <br />4. Plans. All of said work shall be done and materials furnished <br />in strict accordance with the approved plans for said improvements, <br />and in accordance with the standard specifications and details of the <br />City of Pleasanton. It is further understood that the work and <br />materials shall be under the supervision of the City Engineer, and <br />performed and installed to his satisfaction. <br />5. Related Contracts and Proceedings. Any prior contracts <br />between City and Developer and any prior approvals by Boards, Com- <br />missions or Council of City shall not be affected by the provisions <br />of this agreement unless specific modification is set forth herein. <br />6. Security. On signing this agreement, the Developer shall <br />present to the C ty and file with the City Clerk, improvement security <br />as defined in Section 66499 of the Government Code of the State of <br />California. Said improvement security as approved by the City Attorney, <br />shall consist of the following as determined by the City: <br />a. cash deposit made with the City, or <br />b. bonds by duly authorized corporate sureties, or <br />c. instruments of credit from financial institutions <br />subject to regulation by state or federal government, <br />or <br />d. bonds of a duly authorized surety company covering <br />all or a portion of said improvements required herein <br />where a contract for improvements has been let through <br />an assessment district proceeding, and where said <br />bonds have been filed with the City Clerkprior to <br />the execution of this agreement, as a part of the <br />existing improvement district proceedings. <br />-2- <br />