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extension so granted shall not relieve the surety's liability on the bond to secure the faithful <br />performance of this Agreement. <br />2. Work. Developer will do or cause to be done and performed the following <br />described work: Improvements pursuant to plans entitled "Grading Plans, Tract 7381, <br />Busch/Ponderosa Property, Pleasanton, California, dated 6-9-03", prepared by Ruggeri Jensen <br />Azar & Associates, approved by the City Engineer.T.n 1~~ 2003, and any changes approved <br />thereafter by the City Engineer. <br />3. Inspection. City shall inspect all of said work through an inspector employed by <br />City at the cost and expense of Developer, and Developer shall pay City the cost of such <br />inspection as fixed by Ordinance. <br />The City Engineer has tentatively fixed the inspection costs due upon execution of this <br />Agreement as follows: <br />$9,320.25 <br />4. Soils Report. Developer shall provide a preliminary soils report as required by <br />Section 66490 of the Government Code. Said data shall be compiled by a qualified soils testing <br />engineer without expense to the City. <br />5. Plans. All of said work shall be done and materials furnished in strict accordance <br />with the approved grading plans filed with the City Engineer, and in accordance with the <br />standard specifications and details of the City of Pleasanton. It is further understood that the <br />work and materials shall be under the supervision of the City Engineer, and performed and <br />installed to the City Engineer's satisfaction. <br />6. Related Contracts and Proceedings. Any prior contracts between City and <br />Developer and any prior approvals by Boards, Commissions or Council of City shall not be <br />affected by this Agreement unless a specific modification is set forth herein. <br />7. Securi On signing this Agreement, the Developer shall present to the City and <br />file with the City Clerk improvement security as defined in Section 66499 of the Government <br />Code of the State of 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 subject to regulation by <br />state or federal government, or <br />d. bonds of a duly authorized surety company covering all or a portion of <br />said improvements required herein where a contract for improvements has <br />been let through an assessment district proceeding, and where said bonds <br />SUBDIVISION AGREEMENT -Mass Grading Agreement <br />Tract 7381, Busch/Ponderosa Property <br />Page 2 of 7 <br />