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shall be delivered to City in the manner hereinafter specified for services of notices. Extensions shall be <br /> granted in writing and any purported oral extension or purported oral agreement to make an extension shall <br /> not be valid for any purpose whatsoever. <br /> 10. Extension;No Release of Obligations. In the event it is deemed necessary by the City to <br /> extend the time of commencement or completion of the work to be done under this Agreement beyond the <br /> dates specified herein, such extension shall in no way release any guarantee given by Owner pursuant to this <br /> Agreement, or relieve or release those providing improvement security pursuant to this Agreement. The <br /> sureties in executing the bonds shall be deemed to stipulate and agree that no change, extension of time, <br /> alteration or addition to the term of the Agreement or to the work to be performed thereunder or the <br /> specifications accompanying the same shall in any way affect its obligations on the bond, and to waive <br /> notice of any such change, extension of time, alteration or addition to the terms of the Agreement or to the <br /> work or to the specifications. <br /> 11. Extension;Condition. The granting of any extension may be conditioned upon Owner <br /> providing City with increased Inspection Fees, a cash deposit which sum is equal to one hundred percent <br /> (100%),of the estimated cost of constructing the required improvements, and new or amended surety bonds <br /> in amounts increased to reflect increases in the cost of constructing the required improvements that have <br /> occurred prior to the 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 <br /> approval of work and/or materials inspected, use of the work by the public as public right-of-way, or <br /> statement by any officer, agent,or employee of the City indicating the work complies with the requirements <br /> of this Agreement, shall not relieve the Owner from the obligation to fulfill the Agreement as prescribed <br /> herein. Acceptance of any part or stage of said improvements shall not be final until a written notice of <br /> acceptance of all the improvements shall have been delivered to Owner. <br /> 13. Improvement Security. Prior to the issuance of any building permit contemplated by this <br /> Agreement the Owner shall furnish to City: <br /> STANDARD PUBLIC IMPROVEMENT AGREEMENT Page 4 of 13 <br /> Draft 1-1/29/2014;SL 4/23/2014 <br />