8.1. SR 06-03-2019 - Laserfiche WebLink

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construction with all location, elevation, and data attributes information, deliverable to the City in an approved sub-foot accurate GIS/GPS format. (08) City Acceptance. The City shall accept, at no cost, ownership of the Improvements to be owned,operated and maintained by City,provided that such Improvements have been constructed in compliance with the Plans and specifications therefore and City requirements with respect thereto as determined by the City. No improvements will be accepted until all disturbed areas within the GNT right-of-way are repaired and, if deemed necessary by the City, the trail resurfaced, and the trail corridor fully vegetated and functioning in accordance with the approved construction and storm water management Plans. Upon acceptance, all Improvements to be owned by the City, as provided in this Agreement, shall become City property without further notice or action. (09) License. The Developer hereby grants the City, its agents, employees, officers and contractors a license to enter any property owned by Developer if necessary to perform work and inspections deemed appropriate by the City in conjunction with the LCS. Developer and City shall enter into a separate License Agreement authorizing Developer to enter onto the GNT to install the LCS and to own, operate and maintain the Developer owned portion of the LCS in the GNT right of way. (10) Faithful Performance of Construction Contracts. Developer will fully and faithfully perform the installation and construction of the Improvements in accordance with the approved Plans and specifications therefore and shall comply with all terms of any and all contracts entered into by the Developer for the installation and construction of all Improvements, at no expense to the Citv. (11) Warran r. Developer hereby warranties the workmanship and materials respecting the Improvements to be owned by the Citi including the surface of the GNT, for a period of two (2) years following the City's final acceptance of the Improvements, and agrees to repair or replace, as directed by the Citi and at Developer's sole cost and expense, any work or materials that become defective,in the sole opinion of the Citi within said two (2) year period, even though notice thereof be given by the City after said twoyear period. 7. City Installed Improvements. (01) There will be no City installed Improvements. 8. Fees and Security for Developer's Performance. (01) Security for Developers Performance. (A) No work shall be commenced under this Agreement until the Developer has filed with the City a cash deposit or an irrevocable and unconditional Letter of Credit acceptable to the City,in the amount$250,000. Said Letter of Credit shall also provide that funds shall be paid to the City upon written demand of the City to the extent of default herein by Developer in the payment of any amount due or the performance of any other duty or obligation of Developer pursuant to this Agreement, including Developer's obligations to complete the Improvements, to complete restoration of the GNT, and to make payment of any amounts due hereunder. (B) The Letter of Credit shall contain a provision that states that the Letter of Credit shall be automatically renewable annually unless the issuer of the Letter of Credit first gives the City 30 days written notice by certified mail of its intent not to renew the Letter of Credit. The letter of credit shall also contain a minimum initial period of 1 year. The Letter 4