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• • <br /> been met Unless the Agency notifies the Developer in writing within fifteen (15) days of submission of the <br /> contract that the contract has been disapproved it shall be deemed approved. <br /> 4.11 Equal Opportunity. <br /> During the construction of the Improvements, Developer shall not discriminate on the basis of race, <br /> religion, sex, or national origin in the hiring, firing, promoting or demoting of any person engaged in the <br /> construction work and shall require its contractors and subcontractors to refrain from discrimination on <br /> such basis. <br /> 4.12 Certificate of Completion for Improvements. <br /> Promptly after completion of construction of Improvements in accordance with those provisions of <br /> this Part and upon issuance of a certificate of occupancy by the City, the Agency will provide an instrument <br /> so certifying provided that, at the time such certification is issued, the Improvements have been completed <br /> (hereafter 'Certificate of Completion'). Such Certificate of Completion shall be conclusive determination <br /> that the covenants in this Agreement with respect to the obligations of Developer, its successors and <br /> assigns, to construct the Improvements and the dates for the beginning and completion thereof have been <br /> met Such Certificate of Completion shall be in such form as will enable it to be recorded among the official <br /> records of Alameda County. Such Certificate of Completion and determination shall not constitute <br /> evidence of compliance with or satisfaction of any obligation of Developer to any holder of a deed of trust <br /> securing money loaned to finance the Improvements or any part thereof and shall not be deemed a notice <br /> of completion under the California Civil Code. <br /> 4.13 Construction Bonds. <br /> Prior to the commencement of construction of the Improvements, the Developer shall deliver to the <br /> Agency copies of any labor and material bonds, and performance bonds required by Developer's lenders, <br /> which bonds shall be issued by a reputable insurance company licensed to do business in California, in a <br /> penal sum each of not less than one hundred percent (100 %) of the scheduled cost of construction of the <br /> Improvements. Such bonds shall name the Agency as co- obligee. <br /> Article Five: CHANGES IN DEVELOPER <br /> 5.01 Identity of Developer. <br /> The Developer is three individuals named Leonard Bruno, Michael Brooks and John Thomas <br /> Pereira. <br /> Disposition and Development Page 9 of 23 <br /> Agreement <br /> 75 <br />