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KOV�1�7-94 'I'HU, 1��4i.i �'I�k�.�.'I'�.k & AS�U�IAT�a FHX NU. 44y4yli( r. ub <br /> C. CoILG�at:LO�a - The 07+►riorz aha12 caIOC�, retain �d �upCrvZiO <br /> Che Ca�'tracLar(s) tC�pon9ibl• for �mprnvarnna� �rsztallaCiCt►. <br /> The City rt3aezves �he righ� �o require aati��actory proot o� <br /> success�ul exg�r�cnGe �nd adequst� f�naricial atatu� o� a�►�• • <br /> eu�h c�snt��e�or. wh�re reguir�d by CitY Ot`clinanCG, rhe <br /> CO�CX��tOY" £ih�ll f��6C 4btain 3 IiGCYIAA f�om tll@ CJ.ty. <br /> D. P��Iriat�llaCl4n Canfarertce - pr�.ar to tho etart of a.ny <br /> i.nsealiac�.on, thn Owriez�s and Lh� ��ra' Cantraator eha7.1 <br /> ff,e�� with the re�pansibZ� City ot�icial to xeview <br /> instA�lation plan� aad ,cchedules_ <br /> E. Permits - Prios �o the etar�. of any insta3.laCion, �he <br /> �wner' s Contr�ctor s�.,a�l apply =or �,�'i� rec�iva �.11 n�c�e$sarY <br /> permits f�com th� �:iCy and/or govGi•i1►uent agencies having <br /> jvtiedic�ion. <br /> F. Irst�llat�.on - The i�nstr�Ilal.ion �nd materia�ls sr��ll ba ia <br /> � a�Cordance with the pl�n� and Spec��ic:aL'Sons approved by the � <br /> city. <br /> G. �n�urance • The Owner� wil� cause each p�z�a:i w�o insta7.ls <br /> ar.y Impr�vem�nt Lo maln�ain c:v�n�leGa in5ux��cs co�eraq. <br /> �z�cZudias Workmen'8 Compensation, L�.ab�l��y ai:d �roperty <br /> D�.m�,�e . � <br /> q� parfq�,��e_ ADC9�C�, For �}ae purpoo�aa ef asauxing :.o tha City <br /> C.:1�tt Ch� Irr�rovem�nts w311 ba completed accord�ng to tY:e t�rms of <br /> t7�i5 �gYee�.ent, an� Chat the Owners Nill pay e�ll cla�;:ss �or wnrk <br /> dona and mater3als arvd �u�plies zurnishGd, the Owner h�a <br /> d�posited wirh ths City a� the tims a� ChQ exeGution of �his <br /> . a�=eemenc an irrevoCable letLer o� credi� i.n a dvlLa�r a�mdur�� ' <br /> 4quai to 150� OE the �9tSm�.Ced Coat ot the improv��r,�,n�a (euch <br /> ��tima�te atrdchad h�zeto �s Exhibit B) 3n a fvztn satibtaotory to <br /> the City pzo�iding that tha C�.�y is able to draw upon �uch l�ttaz <br /> . � of Cradit in �.ts Bole d�eesetian �o cempl.Ct� Che Stnprcvements i£ <br /> the Owr.ar �ails to aatis�aCtoriLy complere rh� work �ribr to �.hc <br /> compl�zion date speci€ied in Sac�ion 3 above. '�'he amaunt v� such <br /> 8epo��.t �hal7. not be reducQd ne�ore SLLbSCanGial Comp�Ction o� the <br /> 1�rpXov�ments. Tha letrer o! credi� shal3. es�pise iao soor�x tha.n <br /> one ya�r a�ter the coRrpletion date QPecified �a Saction 3 �k�ove, <br /> or no aoan�r thaa one year a�tar tha date af actual plantin5, <br /> �a5lchever is �ater. The depo�it will aoe be rel�ase3 until aao <br /> year e'ter thd dat� of pla�tings Upon cor.�irma�ion th�t �he�la ' <br /> mater�a'6 r.ave su�r{vcd. '� <br /> . Isutia1a c� Owr:ar� ��,� <br /> Initia�a of Ci�y CYerk__ <br /> � PaS� 3 0� 7 <br /> n itr <br /> - _ . : .. -��: iv�� T�m: :nu ;i 1 � �i�'=. _ .. ---,�- ---'- "-' -� --` - - 1_ - - �- - . <br />