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of the Contractor through the observations of the work in progress and field checks of materials and equipment. However, the furnishing of such engineering coordination will not make the City responsible for construction means, methods, techniques, sequences or procedures or for the safety precautions or programs, or for the Contractors failure to perform his work in accordance with the contract documents. The Developer is obligated to pay the City for City inspection services an amount equal to 2% of the cost of the Developer improvements or approximately $515.12 This amount shall be paid at or prior to the execution of this Agreement. 9 I. Security. To guarantee compliance with the terms of this Agreement, payment of the costs 10 of all public improvements and construction of all public improvements, the Developer shall 11 furnish security for $32,195 in a form to be approved by the City. The amount of the letter of �2 credit is 125% of the engineer's estimated cost. 13 1. Reduction of Security. Upon completion of required improvements for the plat and �4 acceptance by the City, the City Engineer may reduce the amount of the security for the � 5 completed improvements provided the following conditions are met: �6 a) The Developer's engineer certifies that the improvements have been constructed to 17 City Standards. �8 b) The Developer's Contractor provides documentation that they and their �9 subcontractors have been paid in full for the work completed. 20 c) In no case shall the total remaining security be equal to less than 125% of the 2 � estimated costs of the incomplete improvements. 22 2. Release of Security. This contract shall run with the land and may be recorded against the 23 title to the property. After the work described in this contract has been completed, the Developer 24 may request that the City accept the public improvements. This is accomplished through a City 25 Council resolution provided the following conditions are met: 26 a) As-built Survey. The Developer shall provide an as-built survey upon completion of 27 the public improvements Described in Paragraph A in reproducible and digital 28 (AutoCAD) format. The locations and elevations of sewer and water services shall be 29 accurately shown on these record plans. 3o b) Warranty. The Developer warranties all work required to be performed by it against 3� poor material and faulty workmanship for a period of two (2) years after its 32 completion and acceptance by the City. All trees, grass and sod shall be warranted to 33 be alive, of good quality and disease free for twelve (12) months after planting. The 34 Developer shall post maintenance bonds or other security acceptable to the City to 35 secure the warranties described herein. 36 c) Certification. The Developer's engineer submits a letter certifying that the 37 improvements have been constructed to City Standards and requests that the City 38 accept the improvements. 39 d) Payment. The Developer's Contractor provides documentation that they and their 40 subcontractors have been paid in full for the work completed. 41 J. Ownership of Improvements; Termination of Contract. Upon completion and City 42 acceptance of the work and construction required by this Contract, all improvements lying Page 4 of 8