VORELCO OF CALIFORNIA - SUBDIVISION AGREEMENT JOHNSON DRIVE EXTENSION

+, _~ pense to the City. 5. Plans. All of said work shall be done and materials furnished in strict accordance with the approved plans for skid tract 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 En- gineer, and performed and installed to his satisfaction. 6. Related Contracts and Proceedings. Any prior contracts be- tween 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 forth herein. 7. Security. On signing tizis 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 c. instruments of credit from financial institutions subject to regulation by state or federal government, ' or d. bonds of a duly authorized surety company covering all or a portion of said improvements required herein where a contract for. improvements has been let through an assessment district proceeding, and where said bonds have been filed with the City Clerk prior to the execution of this agreement, as a part of the existing improvement district proceedings. One bond shall be in the amount of 100 of the total estimated cost of the work for each stage of development, conditioned upon faith- ful performance of this agreement, and one bond in ttie amount of 1000, -3- .I