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Associates, a Registered Professional Civil Engineer, and have been <br />approved by the City Engineer. The Developer through his engineer <br />shall provide for competent daily inspection of all street and utility <br />construction, both public and private. As -built drawings on <br />reproducible mylar and certificates of completion and compliance with <br />approved specifications shall also be delivered to the City Engineer. <br />Prior to acceptance by the City of any streets or utilities or <br />commencement of maintenance thereof by the City, the City Engineer <br />shall inspect and approve the same and signify his approval for <br />acceptance in writing. <br />Developer, by this instrument, agrees to a one (1) year warranty, <br />from and after approval by the City Engineer, in favor of the City <br />covering the workmanship and material in such street and utility <br />impovements. <br />I BONDING <br />Prior to the approval of the final plat for the issuance of any, <br />building permits for this Development, the Developer shall deliver to <br />the City Administrator a "Performance Bond", "Cash Deposit", or "Letter <br />of Credit", in a form acceptable to the City Attorney and in an amount <br />equal to the estimated construction cost plus twenty-five percent <br />(25%). This amount has been determined by the City Engineer to be <br />$121,000.00 and is itemized as follows: <br />ITEM NO. DESCRIPTION QUANTITY UNIT PRICE AMOUNT <br />1 CLEAR AND GRUB TREES <br />5.0 <br />EA <br />$ <br />100.00 <br />$ <br />500.00 <br />2 COMMON EXCAVATION <br />8000.o <br />CY <br />$ <br />1.15 <br />$ <br />9,200.00 <br />3 AGGREGATE BASE, CLASS 5 <br />2800.0 <br />TN <br />$ <br />5.50 <br />$ <br />15,400.00 <br />4 BITUMINOUS WEAR COURSE <br />1000.0 <br />TN <br />$ <br />15.00 <br />$ <br />15,000.00 <br />5 BIT MATERIAL FOR WEAR <br />60.0 <br />TN <br />$ <br />200.00 <br />$ <br />12,000.00 <br />6 15" RCP STORM SEWER <br />738.0 <br />LF <br />$ <br />20.00 <br />$ <br />14,760.00 <br />7 15" FLARED END SECTION <br />1.0 <br />EA <br />$ <br />400.00 <br />$ <br />400.00 <br />8 MANHOLE <br />1.0 <br />EA <br />$ <br />750.00 <br />$ <br />750.00 <br />9 CATCH BASIN <br />4.0 <br />EA <br />$ <br />800.00 <br />$ <br />3,200.00 <br />m <br />