2021-09-22 CC Packet - Laserfiche WebLink

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responsibility for procurement and installation of same. The cost of street lighting, street signs, and traffic sign installation is set forth in the attached table, Exhibit D. B.Within 60 days after Developer delivers a complete set a public improvements and a letter requesting acceptance by the City of such improvements, City shall review said improvements and consent to and accept the public improvements or provide Developer with a written notice of work that is unacceptable and what is required to make the work acceptable to the City. Upon completion of corrections to the unacceptable work, the developer shall, again, notify the Cityin writing and request acceptance of the work. The timeline above, then resets. If the City fails to provide a written notice of unacceptable work within 30days, then the City shall be deemed to have accepted the public improvements written request for acceptance. C.The Developer warrants all Improvements required to be constructed by it pursuant to this Agreement against poor material and faulty workmanship.The warranty period for underground utilities istwo years from the date of acceptance by the City.If all Improvements are installed by one contractor, the warranty period shall commence afterthe final wear course has been completed and the City has accepted the streets unlessinstallation of the wear course has been delayed by the City, in which case the two-year period shall commence on the later of November 1, 2023, or the requested extension date requested by Developer pursuant to Section 9 herein. If streets and underground utilities are installed by separate contractors, the two (2) year warranty period on underground utilities shall commence following their completion and acceptance by the City. The Developer or his contractor shall post security in the amount of thirty- five percent (35%) of final construction costs to secure the warranties. The Developer or his Version 09/17/2021 Page 13