Inst 2010 Agmt CIPP - Laserfiche WebLink

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the Lot 1 improvements, and upon completion of the .Improvements required for Lot 2 and final acceptance by City of said Improvements, City shall refund to Owner (or to such other party that has provided such deposit), the unused portion (if any) of the deposit made pursuant to this paragraph for inspection of the Lot 2 Improvements. Upon completion, Owner shall furnish City with a complete and reproducible set of final as-built plans and AutoCAD copies of the construction documents for the Improvements, including any City-authorized modifications, and upon delivery of such plans and documents, City shall examine the Improvements without delay. If the Improvements are found to be in accordance with the Plans and this Agreement, City shall recommend acceptance of the work to the City Council, and upon acceptance, shall notify Owner or its designated agents thereof. No inspection, approval or use of the Improvements, or statement by any officer, agent, or employee of the City indicating. City's acceptance of any part or stage of the Improvements shall be final until City delivers written notice of acceptance of all of the Improvements, which notice shall be delivered as soon as practicable following City's acceptance. Title to, and ownership of all of the Public Improvements shall vest absolutely in City upon completion and City's acceptance of such Public Improvements unless expressly provided otherwise in this Agreement. 5. Estimated Cost of Improvements; Security and Bonds. 5.1 Cost Estimate. The Improvements required for Lot 1 (as shown on the Map) (the "Lot 1 Improvements") are those shown on the Plans along West Estudillo Avenue, along Martinez Avenue from West Estudillo Avenue to the southern edge of Lot 1, and along the southern edge of Lot 1 (the "pedestrian paseo"), together with any work required by the City Engineer to transition and connect constructed Improvements to adjacent improvements, but excluding the work shown on the Plans entitled "Sanitary Sewer Realignment Plan." As of the Effective Date, the estimated construction cost for the Lot 1 Improvements is Two Million, Forty-Two Thousand, Four Hundred and Nineteen Dollars ($2,042,419). The Improvements required for Lot 2 (as shown on the Map) (the "Lot 2 Improvements") are those shown on the Plans along Martinez Avenue from the northern edge of Lot 2 to the southern edge of Lot 2 and along the northern edge of Lot 2 (the "pedestrian paseo") and including the work shown on the Plans entitled "Sanitary Sewer Realignment Plan," together with any work required by the City Engineer to transition and connect constructed Improvements to adjacent improvements. As of the Effective Date, the estimated construction cost for the Lot 2 Improvements is One Million, Five Hundred Ninety-Four Thousand, Six Hundred Eighty-Seven Dollars ($1,594,687). ~s2ssaoa 4