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I <br />Agreement as prescribed herein. Acceptance of any part or stage of said improvements shall not be <br />final until a written notice of acceptance of all the improvements shall have been delivered to <br />Subdivider. <br />13. Improvement Securih. Concurrently with the execution hereof Subdivider shall <br />furnish City: <br />(a) Improvement security in the sum of TEN THOUSAND Dollars ($IQ.000,00), <br />Which sum is equal to one hundred percent (100%), of the estimated cost of constructing the <br />"required improvements" and the cost of any other obligation to be performed by Subdivider <br />hereunder, securing the faithful performance of this Agreement. <br />(b) Separate improvement security in the sum of TEN THOUSAND Dollars <br />($1 00 0), which sum is equal to one hundred percent (100%) of the estimated cost of <br />constructing the required improvements, security payment to the contractor, his subcontractor and <br />to persons finnishing labor, materials or equipment to them for the construction of the required <br />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 <br />of the improvement security shall be subject to the approval of the City Attorney. Improvement <br />security shall be reduced or released by City only in the manner provided by the Subdivision <br />Regulations of City. No change, alteration or addition to the terms of this Agreement or the plans <br />and specifications accompanying the same shall in any manner affect the obligation of those <br />providing improvement security pursuant to this Agreement. <br />14. Maintenance Security. Prior to initial acceptance of any of the work constructed <br />hereunder or the release of any of the securities required under Paragraph 13., hereof, Subdivider <br />CAMAPS\PM6662\SUBRvIPAG.DOC <br />0 <br />