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PRUDENTIAL INSURANCE FOOTHILL RD. RESERVOIR SITE
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PRUDENTIAL INSURANCE FOOTHILL RD. RESERVOIR SITE
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11/19/2007 9:05:00 AM
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LONG TERM AGREEMENTS
LONG TERM AGREEMENTS - DOCUMENT DATE
10/11/1983
LONG TERM AGREEMENTS - NAME
PRUDENTIAL INSURANCE
LONG TERM AGREEMENTS - TYPE
PUBLIC IMPROVEMENT AGMT
LONG TERM AGREEMENTS - RECORD SERIES
704-06
LONG TERM AGREEMENTS - DESTRUCTION DATE
PERMANENT
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mentioned date of this agreement subject to delays beyond <br />the control of Developer and to the continuing validity of <br />all governmental approvals granted in connection with the <br />development of Hacienda Business Park. <br />The City shall extend the time for completion of improvements <br />hereunder, upon good cause being shown by the Developer. <br />Any such extension may be granted without notice to the <br />Developer's surety, and extension so granted shall not <br />relieve the surety's liability on the bond to secure the <br />faithful performance of this agreement. <br />2. Work. Provided City obtains the easements, rights- <br />of-way and other property rights necessary to construct the <br />work, Developer will do or cause to be done and performed <br />the following described work. <br />Improvement of access road from Foothill Road to <br />Foothill Reservoir site and building area for <br />Foothill Reservoir per plans and specifications <br />prepared by Camp, Dresser & McKee, Inc., dated <br />October 1983. <br />All as more particularly shown on the plans attached as <br />Exhibit "A". <br />3. Inspection. City shall inspect all of said work <br />through an inspector employed by City at the cost and expense <br />of Developer, and Developer shall pay City the cost of such <br />inspection which shall be 4% of the extimated cost. <br />The City Engineer has tentatively fixed the inspection <br />costs due upon execution of this agreement as $12,000.00. <br />-3- <br />
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