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11. Extension; Condition. The granting of any extension may be conditioned upon Subdivider <br /> providing City with increased Inspection Fees and new or amended surety bonds in amounts increased to <br /> reflect increases in the cost of constructing the required improvements that have occurred prior to the <br /> granting of the extension, and the cost of additional inspection services. <br /> 12. No Waiver by the City, Final Acceptance. Inspection of the work and/or materials, or approval <br /> of work and/or materials inspected, use of the work by the public as public right -of -way. or statement by any <br /> officer, agent, or employee of the City indicating the work complies with the requirements of this <br /> Agreement, shall not relieve the Subdivider from the obligation to fulfill the Agreement as prescribed herein. <br /> Acceptance of any part or stage of said improvements shall not be final until a written notice of acceptance <br /> of all the improvements shall have been delivered to Subdivider. <br /> 13. Improvement Security. Concurrently with the execution hereof Subdivider shall furnish City: <br /> (a) Improvement security in the sum of ONE HUNDRED EIGHTY -ONE THOUSAND <br /> DOLLARS ($181,000.00), which sum is equal to one hundred percent (100 %), of the estimated cost of <br /> constructing the "required improvements" and the cost of any other obligation to be performed by <br /> Subdivider hereunder, securing the faithful performance of this Agreement. <br /> (b) Separate improvement security in the sum of ONE HUNDRED EIGHTY —ONE <br /> THOUSAND DOLLARS ($181,000.00), which sum is equal to one hundred percent (100 %) of the <br /> estimated cost of constructing the required improvements, security payment to the contractor, his <br /> subcontractor and to persons furnishing labor, materials or equipment to them for the construction of the <br /> required improvements, and for the payment of amounts due under the Unemployment Insurance Act with <br /> respect to such work or labor in connection with the installation of such improvements. The form of the <br /> improvement security shall be subject to the approval of the City Attorney. Improvement security shall be <br /> reduced or released by City only in the manner provided by the Subdivision Regulations of City. No <br /> change, alteration or addition to the terms of this Agreement or the plans and specifications accompanying <br /> TRACT MAP 7133 <br /> SUBDIVISION IMPROVEMENT AGREEMENT (PUBLIC IMPROVEMENT) <br /> F: \TM \TM7133\SUBIM P I .AGR <br /> PAGE 5 OF 17 <br />