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0154 I M :600 <br />7,--181 S5 <br />2. CITY agrees to accept conveyance of the <br />property and to permit OWNER to enter thereon and use <br />the Property for any and all purposes until such time <br />as said Property is improved for the purposes of a pub- <br />lic street; provided, however, that OWNER shall indemnify <br />and hold CITY harmless from any and all loss, cost, ex- <br />pense, liability and damage, including attorney fees, <br />resulting from or in any way connected with such entry <br />and use by OWNER. <br />3. OWNER agrees to install all street im- <br />provements required by the Director of Public Works, <br />including but not limited to, street, curb, gutter, side- <br />walk, utility relocation, traffic signal relocation, <br />street lighting and other improvements related thereto <br />for the purposes of widening Marina Boulevard and Merced <br />XGe�Tlnc� The.°etPG1p <<-,rfr0.ri1);g7e1y rho mobs <br />Streets on and adjacent to the PropertyA (but OWNER shall no-TAB--1Y ySo <br />_. {arT z/.n5 <br />not be required to bear the cost of relocation of utili- Merced S*e_eT- <br />ties, the relocation of which CITY has the right to re- <br />quire of the public utility company responsible therefor), <br />either: <br />(a) at such time as OWNER commences con- <br />struction of improvements on the property des- <br />cribed in "Exhibit C" attached hereto and by <br />this reference incorporated herein; or <br />(b) on the fifth anniversary of the date <br />of execution hereof. <br />4. CITY retains the power to install said im- <br />provements at any time and hereby grants OWNER the option <br />to make said installations when requested by CITY or in <br />K <br />