Reso 1996-041 to 045 - Laserfiche WebLink

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Three Hundred Twenty -Four Dollars ($7,324). This represents a deposit of approximately ten percent (10%) of thirty percent (30%) of the estimated total Project costs. The City's current estimate of costs is reflected on Exhibit A, attached hereto. Exhibit A reflects an estimate of total Project costs only, and Project expenditures shall be subject to review in advance by the parties, as indicated in Section 6. The balance of Golden Gate Seafood's thirty percent (30%) share of the costs shall be paid to City five (5) days prior to the City's award of the contract. In the event that the amount paid by Golden Gate Seafood exceeds thirty percent (30%) of actual total Project cost, the City shall promptly refund the difference to Golden Gate Seafood upon conclusion of the Project and final accounting. In the event that the estimated amount is insufficient to cover Golden Gate Seafood's obligation to pay thirty percent (30%) of actual total Project cost, Golden Gate Seafood shall pay the additional amount owed within thirty (30) days upon notice by the City. 4. Golden Gate Seafood shall dedicate to the City an easement for egress and ingress across the Property for construction and maintenance of the Project. This easement shall be in the form of Exhibit B, attached hereto and incorporated herein by reference. In the event that the Project is terminated pursuant to Section 6, Golden Gate Seafood shall have no obligation to dedicate the aforementioned easement and the City shall decline such easement. City agrees to maintain the main line of the storm water drainage system, including the portion that passes through and under the Golden Gate Seafood Property and also including manholes (also referred to as structures or stubs). City will not maintain any hook-ups or private lines extending from the main line, maintenance for which shall be provided by the private property owners. 3991001\202005.4 3