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2022-04-11_item_4.12_approve_final_map_and_sia_within_tract_4082_of_river_islands

Lathrop City Council
April 11, 2022

Document
2022-04-11_item_4.12_approve_final_map_and_sia_within_tract_4082_of_river_islands
Meeting
April 11, 2022
Body
Lathrop City Council
Pages
2
Original file
3.3 MB
Text extracted from the city's file for reading and search. Open the original on www.ci.lathrop.ca.us. That file is the official record.

ITEM 4. 12

CITY MANAGER' S REPORT
APRIL li, 2022, CITY COUNCIL REGULAR MEETING
ITEM: APPROVAL OF FINAL MAP AND SUBDIVISION
IMPROVEMENT AGREEMENT FOR 60 LOTS IN TRACT
4082 VILLAGE FF2" WITHIN THE OLD RIVER

DISTRICT OF RIVER ISLANDS
RECOMMENDATION: Adopt Resolution Approving Final Map for Tract 4082 Village FF2" within the Old River District, Totaling
60 Single Family Lots and Subdivision Improvement
Agreement with River Islands Stage 2B, LLC
SUMMARY:

The proposed Final Map for Tract 4082 will be the second and final tract map within the Village ' FF" area. Kiper Homes is proposing sixty ( 60) 52' x 101' single- family lots. A Vicinity Map is included as Attachment " B".

Staff recommends that the City Council approve the proposed Final Map Tract 4082, Village " FF2 and a Subdivision Improvement Agreement with River Islands Stage 2B, LLC (" River Islands"), included as Attachment C".

BACKGROUND:

The City of Lathrop City Council approved Vesting Tentative Map ( VTM) 6716 on June 14, 2021. On August 4, 2021, the City of Lathrop Planning Commission approved a Neighborhood Design Plan ( NDP) and Architectural Guidelines and Design Standards AG/ DS) for the Old River District, known as Stage 2B, within Phase 2 of the project.

While the NDP contains conceptual guidance on parks within the Old River District, a Master Parks Plan includes revisions to the parks and open spaces within the Stage 2B area and is pending Planning Commission action. The land for the proposed Final Map for Tract 4082 is within the geographic boundaries of VTM 6716 and Stage 2B.

As required by the City' s subdivision ordinance, all final maps must include a Subdivision Improvement Agreement ( SIA) to guarantee specific offsite and onsite improvements.

The total cost of the improvements for Village " FF" is $ 4, 418, 771, however, a large percentage of the improvements have already been construction and therefore do not need to be guaranteed. Performance and labor & material securities were provided with the SIA for Tract 4067 that guarantee the unfinished improvements for Village FF", including both Tract 4067 and 4082, in the amount of:

Unfinished Improvement Total: 704, 471
Performance Bond 110% of Unfinished Im rovements : 774, 918 Labor & Materials Bond 50% of Performance Bond 387, 459 CITY MANAGER' S REPORT PAGE 2
APRIL 11, 2022 CITY COUNCIL REGULAR MEETING

APPROVAL OF FINAL MAP AND SUBDIVISION IMPROVEMENT AGREEMENT FOR 60 LOTS IN TRACT 4082 VILLAGE ' FF2" WITHIN THE OLD RIVER

DISTRICT OF RIVER ISLANDS
The SIA for Tract 4082 refers to the Agreement for Dedication, Inspection, and Guarantee of Streets and Public Improvements (" Off- site Agreement") that was approved by the City on September 30, 2013. Although the Off- site Agreement applies to Tract 4082, the Final Map will not trigger any additional offsite improvements or security.

Acceptance of the public improvements will be processed by staff at a later date and when the unfinished improvements are completed. Prior to acceptance, River Islands will be required to provide a one ( 1) year warranty bond.

Village " FF" was annexed to the four different Community Facilities Districts ( CFDs) for maintenance purposes with the approval of the Tract 4067 Final Map in 2021.

The CFDs are for the City, Reclamation District No. 2062 ( RD 2062) and River Islands Public Financing Authority ( RIPFA) and CFD 2020- 1 RIPFA River Islands must satisfy the Escrow Instructions, included as Attachment D", to guarantee the payment of all fees and execution of the documents related to the SIA.

REASON FOR RECOMMENDATION:

River Islands has fulfilled all of the requirements of the City' s subdivision ordinance as listed below:

Documents Status

1. Final Map ready for signature Completed

2. Subdivision Improvement Agreement Completed

3. Performance Security - Uncompleted Landscaping and
Completed
Miscellaneous Im rovements rovided with Tract 4067

4. Labor and Materials Security - Uncompleted Landscaping and Miscellaneous Improvements provided with Tract Completed 4067

5. Street Improvement, Landscape, Light & Joint Trench Completed

6. Geotechnical Report Completed

7. Agreement for Backbone Improvements and Parks
Agreement for Dedication, Inspection and Guarantee Completed of Streets and Public Improvements

8. Approval of 3rd Amendment to Development
Agreement that guarantees creation of CFD for City
Maintenance and Shortfalls, and Guarantee of Completed
Developer CFDs for Developer/ other public agency
Maintenance

9. Allocation of Water and Sewer capacity Completed
CITY MANAGER' S REPORT PAGE 3
APRIL 11, 2022 CITY COUNCIL REGULAR MEETING

APPROVAL OF FINAL MAP AND SUBDIVISION IMPROVEMENT AGREEMENT FOR 60 LOTS IN TRACT 4082 VILLAGE FF2" WITHIN THE OLD RIVER

DISTRICT OF RIVER ISLANDS

10. Recommendation for approval from Stewart Tract
Completed
Desi n Review Committee

11. Submitted Certificate of Insurance, Tax Letter Completed

12. Submitted Preliminary Guarantee of Title Completed

13. Escrow Instructions Completed

14. Tract 4082 Village FF" - City of Lathrop Community Annexed with Facilities District No. 2013- 1 ( River Islands Public Tract 4067 on Services and Facilities Annexation No. 19 3/ 8/ 2021
Fees Status

1. Final Map plan check fee Paid

2. Improvement Plans - Plan check and inspection fees Paid

3. Sierra Club Settlement fee
To be paid in
escrow
FISCAL IMPACT:

There is no budget impact to the City as all costs are covered by development fees and any shortfalls in the City' s maintenance and operating costs are covered by the CFDs.

ATTACH M ENTS:

A. Resolution Approving Final Map for Tract 4082 Village FF2" within the Old River District, Totaling 60 Single Family Lots and a Subdivision Improvement Agreement with River Islands Stage 2B, LLC
B. Vicinity Map - Village FF2"
C. Subdivision Improvement Agreement between the City of Lathrop and River Islands Stage 2B, LLC, a Delaware limited liability company, for Tract 4082, Village " FF2"
D. Escrow Instructions - Final Map Tract 4082 Village ' FF2" E. Final Map - Tract 4082 Village " FF2"
CITY MANAGER' S REPORT PAGE 4
APRIL il, 2022 CITY COUNCIL REGULAR MEETING

APPROVAL OF FINAL MAP AND SUBDIVISION IMPROVEMENT AGREEMENT FOR 60 LOTS IN TRACT 4082 VILLAGE FF2" WITHIN THE OLD RIVER

DISTRICT OF RIVER ISLANDS

APPROVALS
3/ 23/ 2o2Z
Brad ylor Date
Land evelopment Manager
3 3a 2 2
Glenn Gebhardt Dat
City Engineer
3 • 29 • 7.2
Michael King Date
Pu lic Works Director
3/3i
Cari James Date
Finance D` re tor
3 - Z3 • ZoZZ.

Salvador Navarrete Date
City Attorney
f• 2Z
Step Salvatore Date
City Manager
RESOLUTION NO. 22-

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LATHROP APPROVING FINAL MAP FOR TRACT 4082 VILLAGE FF2" WITHIN THE OLD RIVER DISTRICT, TOTALING 60 SINGLE FAMILY LOTS AND A SUBDIVISION IMPROVEMENT AGREEMENT WITH RIVER ISLANDS STAGE 2B, LLC
WHEREAS, the City of Lathrop City Council approved Vesting Tentative Map VTM) 6716 on June 14, 2021. On August 4, 2021, the City of Lathrop Planning Commission approved a Neighborhood Design Pian ( NDP) and Architectural Guidelines and Design Standards ( AG/ DS) for the Old River District, known as Stage 2B, within Phase 2 of the project; and
WHEREAS, the land for the proposed Final Map for Tract 4082 is within the geographic boundaries of VTM 6716 and Stage 2B; and
WHEREAS, as required by the City' s subdivision ordinance, all final maps must include a Subdivision Improvement Agreement ( SIA) to guarantee specific offsite and onsite improvements; and
WHEREAS, the guarantees for Tract 4082 were provided with the approved SIA for Tract 4067 executed with River Islands Stage 2B, LLC and therefore no additional guarantee is required to be provided with the SIA for Tract 4082. Tracts 4067 and 4082 are collectively known as Village FF"; and WHEREAS, performance and labor & material securities were provided with the SIA for Tract 4067 that guarantee the unfinished improvements for Village " FF", including both Tract 4067 and 4082, in the amount as follows; and Unfinished Im rovement Total: 704, 471
Performance Bond ( 110% of Unfinished Improvements): 774, 918 Labor & Materials Bond ( 50% of Performance Bond 387, 459 WHEREAS, acceptance of the public improvements will be processed by staff at a later date and when the unfinished improvements are completed. Prior to acceptance, River Islands will be required to provide a one ( 1) year warranty bond; and
WHEREAS, Village " FF" was annexed to the four different Community Facilities Districts ( CFDs) for maintenance purposes with the approval of the Tract 4067 Final Map in 2021; and
WHEREAS, River Islands Stage 2B must satisfy the Escrow Instructions, to guarantee the payment of all fees and execution of the documents related to the SIA.

NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Lathrop that approved and accepts the following actions:

1. The Final Map for Tract 4082 and is hereby approved as submitted for recordation with the San Joaquin County Assessor/ Recorder/ County Clerk Office. The recorded executed copy will be filed with the City Clerk.

2. The City Manager, or their designee, is authorized to execute a Subdivision Improvement Agreement with River Islands Stage 2B, LLC, in substantially the form as attached to the April li, 2022 staff report, the file executed copy will be filed with the City Clerk.

PASSED AND ADOPTED by the City Council of the City of Lathrop this 11t" day of April 2022 by the following vote:

AYES:

NOES:

ABSTAIN:

ABSENT:

Sonny Dhaliwal, Mayor
ATTEST: APPROVED AS TO FORM:

Teresa Vargas, City Clerk Salvador Navarrete, City Attorney

ATTACHMENT B
VILLAGE HH f
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VILLAGE HH L

VILLAGE GG

VILLAGE KK

C VILLAGE II
PARK
Pf

VILLAGE JJ
1 LAKE 12

VILLAGE FF BOUNDARY
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VILLAGE EE
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F9
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tio VILLAGE FF

VICINITY MAP
APRIL 2022
ATrACHMENT C

SUBDIVISION IMPROVEMENT AGREEMENT

BY AND BETWEEN THE CITY OF LATHROP AND
RIVER ISLANDS STAGE 2B, LLC, A DELAWARE LIMITED LIABILITY COMPANY FOR TRACT 4082 VILLAGE FF2" 60 RESIDENTIAL LOTS

RECITALS
A. This Agreement is made and entered into this 11rh day of Apri12022, by and between the CITY OF LATHROP, a municipal corporation of the State of California ( hereinafter " CITY") and River Islands Stage 2B, LLC, a Delaware limited liability company, ( hereinafter SUBDIVIDER").

B. Pursuant to Division 2 of Title 7 of the Government Code of the State of California and the CITY' s Subdivision Regulations ( City of Lathrop, Code of Ordinances, Chapter 16), SUBDIVIDER is required to make dedications and improve Tract 4082. However, SUBDIVIDER has completed a significant portion of public infrastructure improvements associated with Tract 4082 ( Village FF2") located within the Old River District of River Islands Phase 2, which also includes major streets necessary to access the site. Performance and Labor & Material securities have been provided with the SIA for Tract 4067 that guarantee the unfinished improvements for Village " FF", which includes Tract 4082, in the amount shown in Section 8, and therefore no additional security is needed for Tract 4082.

C. SUBDIVIDER has completed a portion of the joint trench improvements for Tract 4082 and as noted in Recital B, security shall be required for the unfinished portion of these improvements, along with other required infrastructure associated with Tract 4082 and Village FF" overall. Improvement plans, and street light plans prepared by Power Systems Design, Inc. have already been approved by the City. The street, sidewalk, underground utility, storm drainage, streetlight and joint trench improvements ( hereinafter " Improvements") are substantially completed and minor improvements not yet constructed as part of the required infrastructure for Tract 4082 are required security as outlined in this Agreement is required.

NOW THEREFORE in consideration of CITY' S pending approval and acceptance of the Improvements upon their satisfactory completion, and in consideration of SUBDIVIDER' S construction of Improvements in strict accordance with the terms of this Agreement, all applicable laws, statutes, ordinances, rules and regulations currently in force and effect in CTTY, the terms and conditions of which are incorporated herein by this reference, the parties hereto mutually covenant and agree as follows:

Subdivision Improvement Agreement ( River Islands Stage 2B, LLC) Tract 4082 Village " FF2"

1. SUBDIVIDER shall complete construction of, or cause construction to be completed at its sole cost and expense, the Improvements for all of the lots within the Lakeside West neighborhood, to the limits identified in EXhibit" A", including the public landscaping, streetlight and joint trench improvements. A Vicinity Map is included as Exhibit " B".

All improvements shall be constructed to the satisfaction and approval of the City Engineer, in a good and workmanlike manner in accordance with the above referenced improvement plans and specifications, the improvement standards and specifications of the CITY' S Department of Public Works, the applicable Ordinances of the City of Lathrop and the California Subdivision Map Act.

2. SUBDIVIDER shall complete the Improvements, including all deferred and unfinished improvements, prior to occupancy of the last home constructed in Tract 4082 that is conveyed to a private interest not associated with the transfer of title of Tract 4082 associated with the filing of Tract 4082 ( homebuilder), prior to the completion and occupancy of the last production dwelling unit associated with Tract 4082, or April 1 l, 2023, whichever comes first. Such occupancy shall be documented by CITY in the form of a Certificate of Occupancy or Final Building Permit.

3. CITY, or its agent( s), shall, at any time during the progress of the Improvements, have free access thereto, and shall be allowed to examine the same and all material to be used therein. If the Improvements or any part thereof are not completed in strict compliance with the standards set forth in Paragraph 1 above, CTTY may refuse to accept and may reject the defective Improvements and/ or materials therein.

4. SUBDIVIDER shall secure the services of skilled personnel necessary to construct the Improvements. CITY is not skilled in these matters and relies upon the skill of the SUBDIVIDER to ensure that the construction of the Improvements is in the most skillful and durable manner.

5. CTTY' S acceptance of the Improvements does not operate as a release of SUBDIVIDER from any guarantee hereunder.

6. SUBDIVIDER guarantees and warrants that the Improvements shall be constructed in compliance with the standards set forth in Paragraph 1 above, free from any defects in work or labor done, and from any defects in materials furnished. Further, SUBDIVIDER shall repair and maintain the Improvements in good condition and in accordance with CITY specifications for one 1) year after CITY' S acceptance of the Improvements. As required by this Agreement, prior to acceptance of the Improvements, SUBDIVIDER shall deposit with the City Engineer a Warranty Bond in the amount of$ 441, 877, equal to 10% of the estimated cost of the Improvements for the Village " FF" entire area ($ 4, 418, 771) as included in the Engineer' s estimate attached to this Agreement as Exhibit " D", to insure SUBDIVIDER' S repair and warranty of the Improvements in accordance with the terms of this Agreement. The Warranty Bond shall be released at the end of the one year guarantee period, provided there are no claims against it are then outstanding.

7. If SUBDIVIDER, in whole or in part, abandons the Improvements, or unnecessarily or unreasonably delays construction of the Improvements, fails to complete construction of the Improvements within the time specified in this Agreement, or fails to repair.

Subdivision Improvement Agreement( River Islands Stage 2B, LLC) Tract 4082 Village " FF2"
Replace or reconstruct any defects, as set forth in Paragraph 6 above, CITY may, but is not required to, proceed to complete and/ or repair, replace, or reconstruct the Improvements, either by itself or by contract for such service, and CITY may cause to be forfeited such portion of any security deposited therein as is necessary to cover the costs of completion, repair, replacement, or reconstruction incurred by CITY.

Once action is taken by CITY to complete, repair, replace and/ or reconstruct the Improvements, SUBDIVIDER shall be responsible for all costs incurred by CITY, even if SUBDIVIDER subsequently completes the work.

The CITY shall have recourse against SUBDIVIDER for any and all amounts necessary to complete the obligations of SUBDIVIDER in the event the security ( including but not limited to any Letter of Guarantee, Certificate of Deposit, cash, bond for performance, labor and materials and repair and maintenance, letter of credit or cash deposit) therefore is insufficient to pay such amounts. All administrative costs, including reasonable attorney' s fees pursuant to Government Code Section 66499. 4, incurred by the CITY, in addition to the costs of the improvements shall be a proper charge against the security and SUBDIVIDER. In the event it becomes necessary for CITY to bring an action to compel performance of this Agreement or to recover costs of completing such improvements, SUBDIVIDER shall pay reasonable attorney' s fees, costs of suit and all other expenses of litigation incurred by CITY in connection therewith.

8. Because the Improvements are not entirely complete, the SUBDIVIDER is required to only post Performance or Labor & Materials bonds to guarantee the unfinished improvements associated with Tract 4082 as included and described in Exhibit " D" of this Agreement.

Performance and Labor& Material securities have been provided with the SIA for Tract 4067 that guarantee the unfinished improvements for Village " FF2", which includes Tract 4082, in the amount shown in Table 1 below and therefore no additional security is needed for Tract 4082.

SUBDIVIDER shall also comply with CITY' S insurance requirements set forth on Exhibit " C" attached hereto and incorporated herein.

Table 1 — Bond Values
Unfinished Im rovement Total: 704, 471
Perfarmance Bond ( Bond No. 0757364): 774 918
Labor & Materials Bond (Bond No. 0757341) 387, 459

9. Any alteration( s) made to the plans and specifications, which are a part of this Agreement, or any provision of this Agreement shall not operate to release any surety or sureties from liability on any bond or bonds attached hereto and made a part thereof. The above referenced sureties hereby consent to such alterations and waive the provisions of California Civil Code Section 2819.

10. Neither the CITY nor any of its officers, employees or agents shall be liable to SUBDIVIDER, and/ or SUBDIVIDER' S agents, contractors or subcontractors for any error or omission arising out of or in connection with any work to be performed under this Agreement.

Subdivision Improvement Agreement( River Islands Stage 2B, LLC) Tract 4082 Village " FF2"

11. Neither the CITY nor any of its officers, employees, or agents, shall be liable to the SUBDIVIDER or to any person, entity, or organization, for any injury or damage that may result to any person or property by or from any cause in, on, or about the subdivision of all or any part of the land covered by this Agreement.

12. SUBDIVIDER hereby agrees to, and shall hold CITY, its elective and appointive boards, commissions, officers, agents and employees ( collectively, " Indemnitees"), harmless from any liability for damage or claims which may arise from SUBDIVIDER and/ or SUBDIVIDER' S contractors, subcontractors, agents, or employees' operations under this Agreement, whether such operations be by SUBDIVIDER or by any SUBDIVIDER contractors, subcontractors, or by any one or more persons directly or indirectly employed by, or acting as agent for, SUBDIVIDER or any of SUBDIVIDER' S contractors or subcontractors. SUBDIVIDER shall, at its own cost and expense, defend any and all actions, suits, or legal proceedings or any type that may be brought or instituted against CITY and indemnities on any claim or demand, of any nature whatsoever, and pay or satisfy any judgment that may be rendered against CITY and the Indemnitees in any such action, suit or legal proceedings, resulting from or alleged to have resulted from SUBDIVIDER' S performance or non- performance of his duties and obligations under this Agreement, or from the negligent act or omission of himself, his agents, contractors, representatives, servants or employees. The promises and Agreement to indemnify and hold harmless set forth in this section is not conditioned or dependent on whether or not any indemnity has prepared, supplied or approved any plan or specification in connection with this work or subdivision, whether or not any such indemnity has insurance or indemnification covering any of these matters. CITY does not, and shall not; waive any rights against SUBDIVIDER which it may have by reason of the aforesaid hold harmless agreement, because of the acceptance by CITY of any deposit with CITY by SUBDIVIDER. The aforesaid hold harmless agreement by SUBDIVIDER shall apply to all damages and claims for damages of every kind suffered, or alleged to have been suffered, by reason of any of the afaresaid operations referred to in this paragraph, regardless of whether or not CITY has prepared, supplied or approved of, plans and/ or specifications for the subdivision.

13. Neither SUBDIVIDER nor any of SUBDIVIDER' S agents, contractors or subcontractars are, or shall be, considered to be agents of CITY in connection with the performance of SUBDIVIDER' S obligations under this Agreement.

14. Prior to acceptance of the Improvements by the City Council, the SUBDIVIDER shall be solely responsible for maintaining the quality of the Improvements, and maintaining safety at the project site. The SUBDIVIDER' S obligation to provide the Improvements shall not be satisfied until after the City Engineer has made a written determination that all obligations of the Agreement have been satisfied and all outstanding fees and charges have been paid, and the City Council has accepted the Improvements as complete. The CITY and SUBDNIDER have formed Community Facilities Districts to finance maintenance and improvements. The CITY expects to preserve the ability to use future special taxes of the CFD for payment of the cost of acquisition of the Improvements, which may require that acceptance of improvements by CTTY be subject to the provisions of an acquisition agreement to be entered into by the CITY and SUBDIVIDER providing that CTTY expects to be paid or reimbursed acquisition costs through future CFD special taxes. SUBDIVIDER shall cooperate to facilitate such method of acquisition.

Subdivision Improvement Agreement ( River Islands Stage 2B, LLC) Tract 4082 Village " FF2"

15. SUBDIVIDER shall pay service fees for the utility services from the time the Improvements are accepted by the CITY to the end of the fiscal year, or up to a one( 1) year period, whichever is needed to ensure an opportunity for the Improvements to be included in the next fiscal year annual assessment.

16. SUBDIVIDER shall be responsible to sweep streets within the subdivision every two weeks as directed by the City Engineer, on all streets where lots are occupied and all streets providing access to occupied lots until the Improvements are accepted by the CTTY.

17. SUBDIVIDER shall not assign this Agreement without the prior written consent of CITY.

If such consent is given, the terms of this Agreement shall apply to and bind the heirs, successors, executors, administrators and assignees of SUBDIVIDER, and any heirs, successors, executors, administrators and assignees of the SUBDIVIDER and shall be jointly and severally liable hereunder.

18. The SUBDIVIDER shall, at the SUBDIVIDER' S expense, obtain and maintain all necessary permits and licenses for construction of the Improvements. Prior to the commencement of Improvement construction, the SUBDIVIDER shall obtain a City of Lathrop Business License.

The SUBDIVIDER shall comply with all local, state and federal laws, whether or not said laws are expressly stated in this Agreement.

19. This Agreement and any amendments hereto comprise the entire understanding and agreement between the parties regarding the improvements to be constructed and dedications for Tract 4082.

20. The following miscellaneous provisions are applicable to this Agreement:
a. Controlling Law. The parties agree that this Agreement shall be governed and construed by and in accordance with the laws of the State of California. b. Definitions. The definitions and terms are as defined in this Agreement. c. Force Majeure. Neither party shall be deemed to be in default on account of any delay or failure to perform its obligations under this Agreement, which directly results from an Act of God or an act of a superior governmental authority.
d. Headings. The paragraph headings are not a part of this Agreement and shall have no effect upon the construction or interpretation of any part of this Agreement. e. Incorporation of Documents. All documents referred to herein and all documents which may, from time to time, be referred to in any duly executed amendment hereto are by such reference incorporated herein and shall be deemed to be part of this Agreement. f. Modification of Agreement. This Agreement shall not be modified or be binding upon the parties unless such modification is agreed to in writing and signed by the parties.

Subdivision Improvement Agreement ( River Islands Stage 2B, LLC) Tract 4082 Village " FF2"
g. Severability. If a court of competent jurisdiction finds or rules that any provision of this Agreement is void or unenfarceable, the provisions of this Agreement not so affected shall remain in full force and effect.
h. Successors and Assigns. Except as otherwise expressly provided herein, the provisions of this Agreement shall inure to the benefit of, and shall apply to and bind, the successors and assigns of the parties.
i. Time of the Essence. Time is of the essence of this Agreement and each of its provisions.

In the calculation of time hereunder, the time in which an act is to be performed shall be computed by excluding the first Day and including the last. If the time in which an act is to be performed falls on a Saturday, Sunday or any Day observed as a legal holiday by CITY, the time for performance shall be extended to the following Business Day. j. Venue. In the event either party brings that suit hereunder, the parties agree that trial of such action shall be vested exclusively in the state courts of California in the County of San Joaquin.

ATTACHMENTS:

EXHIBIT A FINAL MAP - TRACT 4082
EXHIBIT B TRACT 4082 AND VILLAGE " FF2" AREA
EXHIBIT C: CITY INSURANCE REQUIREMENTS
EXHIBIT D: UNFINISHED IMPROVEMENT COST ESTIMATE AND VILLAGE " FF"

IMPROVEMENTS COST ESTIMATE
Subdivision Improvement Agreement( River Islands Stage 2B, LLC) Tract 4082 Village " FF2"
IN WITNESS WHEREOF, the parties hereto have executed this Agreement on this l lth day of April 2022, at Lathrop, California.

ATTEST: TERESA VARGAS CITY OF LATHROP, a
City Clerk of and for the City municipal corporation of the of Lathrop, State of California State of California
BY: BY:

Teresa Vargas Date Stephen J. Salvatore Date
City Clerk City Manager

APPROVED AS TO FORM BY THE CITY OF LATHROP CITY ATTORNEY BY: z3- z.vzZ
Salvador Navarrete Date
City Attorney
Subdivision Improvement Agreement ( River Islands Stage 2B, LLC) Tract 4082 Village " FF2"

SUBDIVIDER
River Islands Stage 2B, LLC,
a Delaware limited liability company
BY:

Susan Dell' Osso
President
Subdivision Improvement Agreement ( River Islands Stage 2B, LLC) Tract 4082 Village " FF2"
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Subdivision Improvement Agreement( River Islands Stage 2B, LLC) Tract 4082 Village" FF2"
EXHIBIT " B"
TRACT 4082 VILLAGE " FF2" AREA
1 VILLAGE HH f
o

VILLAGE HH L

VILLAGE GG

VILLAGE KK

VILLAGE II
PARK
P'i'}

VILLAGE JJ
e
LAKE 12

VILLAGE FF BOUNDARY
C

VILLAGE EE
R'
F, EXHIBIT " B"
s
tio VILLAGE FF

VICINITY MAP
APRIL 2022
Subdivision Improvement Agreement( River Islands Stage 2B, LLC) Tract 4082 Village" FF2"
EXHIBIT " C"

CITY INSURANCE REQUIREMENTS

1. The Subdivider shall obtain commercial general liability insurance companies licensed to do business in the State of California with an A.M. Best Company rating Insurance rating of no less than A:VII which provides coverage for bodily injury, personal injury and property damage liability in the amount of at least $ 1, 000, 000 for each occurrence and $ 2, 000, 000 in the aggregate.

Said insurance coverage shall be evidenced by a certificate of insurance with policy endorsements, executed by an authorized official of the insurer( s). All parties to the Subdivision Improvement Agreement must be named insured on the policy. The policy endorsements to be attached to the certificate must provide all the following:
a. Name the City of Lathrop, its officers, City Council, boards and commissions, and members thereof, its employees and agents as additional insured as respects to any liability arising out of the activities of the named insured. A CG 2010 or CG 2026 endorsement form or the equivalent is the appropriate form.
b. State that " the insurance coverage afforded by this policy shall be primary insurance as respects to the City of Lathrop, its officers, employees and agents. Any insurance or self-insurance maintained by the City of Lathrop, its officers, employees, or agents shall be in excess of the insurance afforded to the named insured by this policy and shall not contribute to any loss.
c. Include a statement that, " the insurer will provide to the City at least thirty ( 30) days prior notice of cancellation or material change in coverage." The above language can be included on the additional insured endorsement form or on a separate endorsement form. d. The policy must contain a cross liability or severability of interest clause. e. Insurance must be maintained and evidence of insurance must be provided for at least five years after completion of the Agreeinent or the work, so long as commercially available at reasonable rates.

DATE( MM/ DDIYYYY)
A
o!Zo CERTIFICATE OF LIABILITY INSURANCE 04/ OS/ 2022
THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS

CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER( S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER.

IMPORTANT: If the certificate holder is an ADDITIONAL INSURED, the policy( ies) must have ADDITIONAL INSURED provisions or be endorsed.

If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy, certain policies may require an endorsement. A statement on this certificate does not confer rights to the certificate holder in lieu of such endorsement( s).

PRODUCER

CONTACT
NAME: Michelle Sanchez
Alliant Insurance Services, If1C. PHONE FAx
333 S Hope St Ste 3750 E- MAILo
ExtP A/ C No:

Los Angeles CA 90071 AooRess: Michelle. Sanchez@alliant. com INSURER( S) AFFORDINGCOVERAGE _ NAIC#
License#: OC36861 IN5URERA: UllltBd S eciait Insurance Com 12537 INSURED RIVEISL- 01 INSURER B:

River Islands Stage 26, LLC
73 W. Stewart Road
INSURERC: _
Lathrop, CA 95330 INSURERD:

INSURER E:

INSURER F:

COVERAGES CERTIFICATE NUMBER: 1647518869 REVISION NUMBER:

THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS

CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS.

INSR
TypE OF INSURANCE

ADDL SUBR POLICY EFF POLICY EXP

LTR WVD POLICYNUMBER MMIDDIYYYY MM/ DD/ VYYY LIMITS
A X COMMERCIALGENERAL LIABILITY Y ATN2117764P 3/ 19/ 2021 3/ 19/ 2024 EACH OCCURRENCE 2, 000, 000 CLAIMS- MADE OCCUR PREM SES( Ea occurrence) $
MED EXP( Any one person) $
PERSONAL 8 ADV INJURY $ 1, 000, 000
GEN' L AGGREGATE LIMIT APPLIES PER: GENERAL AGGREGATE $ 2, 000, 000 POLICY jECT LOC PRODUCTS- COMP/ OP AGG 3 2, 000, 000 _
OTHER:

AUTOMOBILELIABILITY
COMBINEDSINGLELIMIT $
Ea acciden_,
ANY AUTO BODILY INJURY( Per person) $
OWNED SCHEDULED BODILY INJURY( Peraccident) $

AUTOS ONLY AUTOS

HIRED NON- OWNED PROPERTYDAMAGE
AUTOS ONLY AUTOS ONLY Per accident
UMBRELLALIAB OCCUR EACHOCCURRENCE 3____
EXCESS LIAB CLAIMS- MADE AGGREGATE 5
DED RETENTION$
WORKERS COMPENSATION PER OTHAND EMPLOYERS' LIABILITY Y N STATUTE __ . ER

ANYPROPRIETOR/ PARTNER/ EXECUTIVE
N A
E. LEACHACCIDENT
OFFICER/ MEMBER EXCLUDED?
Mandatory in NH) E. L. DISEASE- EA EMPLOYEE S
If yes, describe under
DESCRIPTION OF OPERATIONS below E. L. DISEASE- POLICY LIMIT $ DESCRIPTION OF OPERATIONS I LOCATIONS/ VEHICLES ( ACORD 101, Additional Remarks Schedule, may be attached if more space is required) Re: FM 4082
City of Lathrop, its officers, City Council, boards and commissions and members thereof, its employees and agents are included as Additional Insureds as respects to General Liability. General Liability shail be Primary and Non- Contributory with any other insurance in force for or which may be purchased by City of Lathrop, its officers, employees and agents.

CERTIFICATE HOLDER CANCELLATION

SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE

THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS.

City of Lathrop
390 Towne Centre Drive
qUTHORIZEDREPRESENTATIVE
Lathrop CA 95330
E--`
O 1988-2015 ACORD CORPORATION. All rights reserved.

ACORD 25( 2016/ 03) The ACORD name and logo are registered marks of ACORD POLICY NUMBER: ATN217764P COMMERCIAL GENERAL LIABILITY
CG 20 10 04 13
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

ADDITIONAL INSURED - OWNERS, LESSEES OR

CONTRACTORS - SCHEDULED PERSON OR

ORGANIZATION
This endorsement modifies insurance provided under the following:

COMMERCIAL GENERAL LIABILITY COVERAGE PART

SCHEDULE
Name Of Additional Insured Person( s) Or
Or anization s Location s Of Covered O erations
City of Lathrop, its officers, City Council, boards As Required By Written Contract, Fully Executed and commissions and members thereof, its Prior To The Named Insured' s Work employees and agents
390 Towne Centre Drive
Lathrop, CA 95330
Information re uired to com lete this Schedule, if not shown above, will be shown in the Declarations.

A. Section II — Who Is An Insured is amended to B. With respect to the insurance afforded to these include as an additional insured the person( s) or additional insureds, the following additional exclusions organization( s) shown in the Schedule, but only with apply:
respect to liability for" bodily injury", " property damage" This insurance does not apply to " bodily injury" or or " personal and advertising injury" caused, in whole property damage" occurring after:
or in part, by: 1. All work, including materials, parts or equipment

1. Your acts or omissions; or
furnished in connection with such work, on the

2. The acts or omissions of those acting on your behalf; project( other than service, maintenance or repairs) to be performed by or on behalf of the additional
in the perFormance of your ongoing operations for insured( s) at the location of the covered operations the additional insured( s) at the location( s) has been completed; or designated above. 2. That portion of" your work" out of which the injury or damage arises has been put to its
However: intended use by any person or organization other

1. The insurance afforded to such additional insured only than another contractor or subcontractor engaged
applies to the extent permitted by law; and in performing operations for a principal as a part of

2. If coverage provided to the additional insured is the same project. required by a contract or agreement, the insurance
afforded to such additional insured will not be broader than that which you are required by the contract or
agreement to provide for such additional insured.

CG 20 10 04 13 O Insurance Services Office, Inc., 2012 Page 1 of 2 C. With respect to the insurance afforded to 2. Available under the applicable Limits of these additional insureds, the following is added to Insurance shown in the Declarations; Section III— Limits Of Insurance: whichever is less.

If coverage provided to the additional insured is This endorsement shall not increase the applicable required by a contract or agreement, the most we Limits of Insurance shown in the Declarations. will pay on behalf of the additional insured is the
amount of insurance:

1. Required by the contract or agreement; or

Page 2 of 2 ends

Policy# ATN217764P
United Specialty Insurance Company
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

VEN 051 00 ( 02/ 20)

PRIMARY AND NON- CONTRIBUTING INSURANCE ENDORSEMENT
This endorsement modifies the Conditions provided under the following:

COMMERCIAL GENERAL LIABILITY COVERAGE PART
The following is added to SECTION IV - COMMERCIAL GENERAL LIABILITY CONDITIONS of the COMMERCIAL GENERAL LIABILITY COVERAGE PART, and supersedes any provision to the contrary:

Primary and Non- Contributory Insurance
Any coverage provided to an Additional Insured under this policy shall be excess over any other valid and collectible insurance available to such Additional Insured whether primary, excess, contingent or on any other basis unless:
a. ( 1) The Additional Insured is a Named Insured under such other insurance; and
2) A fully written contract fully executed prior to the Named Insured' s commencement of work for such Additional Insured for the specificproject that is the subject of the claim, " suit," or " occurrence" expressly requires that this insurance:
i) apply on a primary and non- contributorybasis;
and
ii) would not seek contribution from any other insurance available to the additional insured.
or
b. Prior to a loss, you request in writing and we agree in writing that this insurance shall apply on a primary and non- contributory basis.

Name Of Person s Or Or anization s
As Required By Written Contract, Fully Executed Prior To The Named Insured' s Work.

All other terms, conditions and exclusions under this policy are applicable to this Endorsement and remain unchanged.

VEN 051 00( 02/ 20) Page 1 of 1
Policy: ATN217764P

UNITED SPECIALTY INSURANCE COMPANY
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

VEN 064 00 ( 01/ 15)

THIRD PARTY CANCELLATION NOTICE ENDORSEMENT
This endorsement modifies the Conditions provided under the following:

COMMERCIAL GENERAL LIABILITY COVERAGE PART
If we cancel this policy for any reason other than nonpayment of premium, we will mail notification to the persons or organizations shown in the schedule below ( according to the number of days listed below) once the Named Insured has been notified.

If we cancel this coverage for nonpayment of premium, we will mail a copy of such written notice of cancellation to the name and address below at least 10 days prior to the effective date of such cancellation.

Our failure to provide such advance notification will not extend the policy cancellation date nor negate cancellation of the policy.

SCHEDULE
Name and Address of Other Person/ Orqanization
City of Lathrop, its officers, City Council, Number of Days Notice boards and commissions and members thereof,
its employees and agents
390 Towne Centre Drive 30
Lathrop, CA 95330
All other terms, conditions and exclusions under this policy are applicable to this Endorsement and remain unchanged.

VEN 064 00( 01/ 15) Page 1 of 1
Subdivision Improvement Agreement ( River Islands Stage 2B, LLC) Tract 4082 Village" FF2"
EXHIBIT " D"

UNFINISHED IMPROVEMENT COST ESTIMATE
AND VILLAGE " FF2" — FULL IMPROVEMENT COST
ENG7N EEft7NG
DRAFT ENGINEER'S OPINION OF PROBABLE COST November 27, 2017 VILLAGE FF( 155 UNITS) Job No.: 25503- 47
STAGE 2B

RIVER ISLANDS

CITY OF LATHROP, SAN JOAQUIN COUNTY, CALIFORNIA
Item Description Quantity Unit Unit Price Amount

STREET WORK
1 Fine Grading 393, 000 SF $ 0. 45 $ 176, 850. 00
2 3" AC Paving 57, 200 SF $ 1. 50 $ 85, 800. 00
3 4. 5" AC Paving 156, 100 SF $ 2. 25 $ 351, 225. 00
4 6" Aggregate Base 12, 100 SF $ 0. 90 $ 10, 890. 00
5 7" Aggregate Base 45, 100 SF $ 1. 05 $ 47, 355. 00
6 8" Aggregate Base 156, 100 SF $ 120 $ 187, 320. 00
7 Vertical Curb and Gutter ( with AB cushion) 4, 250 LF $ 15. 00 $ 63, 750. 00 8 Roll Curb and Gutter ( with AB cushion) 8, 450 LF $ 15. 00 $ 126, 750. 00 9 Concrete Sidewalk 65, 700 SF $ 5. 00 $ 328, 500. 00
10 Driveway Approach 155 EA $ 600. 00 $ 93, 000. 00
11 Handicap Ramps 20 EA $ 2, 500. 00 $ 50, 000. 00
12 Survey Monuments 25 EA $ 300. 00 $ 7, 500. 00
13 Traffic Striping& Signage 6, 550 LF $ 5. 00 $ 32, 750. 00 14 Dewatering ( budget) 6, 550 LF $ 75. 00 $ 491, 250. 00 Subtotal Street Work 2, 052, 940. 00

STORM DRAIN
15 Catch Basins ( type A inlet) 16 EA $ 2, 400. 00 $ 38,400. 00 16 Catch Basins ( type A inlet overtype I manhole base) 22 EA $ 2, 800. 00 $ 61, 600. 00 17 Catch Basins ( type A inlet overtype lll manhole base) 4 EA $ 7, 500. 00 $ 30, 000. 00 18 Catch Basins ( type C inlet over type 1 manhole base) 1 EA $ 2, 800. 00 $ 2, 800. 00 19 Catch Basins ( type C inlet over type ll manhole base) 1 EA $ 5, 000. 00 $ 5, 000. 00 20 15" Storm Drain Pipe 1, 980 LF $ 34. 00 $ 67, 320.00 21 18" Storm Drain Pipe 480 LF $ 46. 00 $ 22, 080. 00
22 24" Storm Drain Pipe 760 LF $ 65. 00 $ 49, 400. 00
23 30" Storm Drain Pipe 80 LF $ 80. 00 $ 6, 400. 00
24 48" Storm Drain Pipe 880 LF $ 125. 00 $ 110, 000. 00 25 54" Storm Drain Pipe 130 LF $ 130. 00 $ 16, 900. 00
26 Manholes( type I) 6 EA $ 3, 000. 00 $ 18,000.00
27 Manholes( type lll) 1 EA $ 7, 500.00 $ 7, 500. 00
28 Stub& Plug 2 EA $ 1, 000. 00 $ 2, 000. 00
29 Connect To Existing 10 EA $ 1, 700. 00 $ 17, 000. 00 Subtotal Storm Drain 454, 400. 00
6200 5T^ ERIDGE htALL ROAD. SUiTE 33, PLEASANTON; C,4 94588 P; @25. 223 8340 • F' 209 5' L 486 T:\ 25503- River Islands\ Phase 47- Village FF\Word& Excel\ Cost Estimate 2017- 11- 27 Stage 28 Village FF Engineer' s Estimate. xls\ Improvements E N G 1 N E E fZ 1 N G
Item Description Quantity Unit Unit Price Amount

SANITARY SEWER
30 8" Sanitary Sewer Pipe 5,560 LF $ 28. 00 $ 155, 680. 00 31 12" Sanitary Sewer Pipe 700 LF $ 42. 00 $ 29,400. 00 32 Sewer Service 156 EA $ 600. 00 $ 93,600. 00
33 Manholes ( type I) 22 EA $ 4,000.00 $ 88, 000. 00
34 Manholes ( trunk) 6 EA $ 6, 000. 00 $ 36, 000. 00
35 Stub& Plug 2 EA $ 1, 000. 00 $ 2, 000. 00
36 Connect To Existing 7 EA $ 3,000.00 $ 21, 000. 00
Subtotal Sanitary Sewer 425, 680. 00

WATER SUPPLY
37 8" Water Line ( including all appurtenances) 5, 060 LF $ 32. 00 $ 161, 920. 00 38 8" GV 24 EA $ 1, 550. 00 $ 37, 200. 00
39 10" Water Line( including all appurtenances) 1, 550 LF $ 40. 00 $ 62, 000. 00 40 10" GV 12 EA $ 2, 500. 00 $ 30, 000. 00
41 Water Services 156 EA $ 2, 000. 00 $ 312, 000. 00
42 ARVs 7 EA $ 2, 500.00 $ 17, 500. 00
43 Blow- Offs 10 EA $ 4, 000. 00 $ 40, 000. 00
44 Fire Hydrants 14 EA $ 4, 000. 00 $ 56, 000. 00
45 Plug & Stub 2 EA $ 1, 000. 00 $ 2, 000. 00
46 Connect To Existing 9 EA $ 4, 000. 00 $ 36, 000. 00
Subtotal Water Supply 754, 620. 00

NON- POTABLE WATER
47 10" Non- Potable Water Line ( including all appurtenances) 700 LF $ 40. 00 $ 28, 000. 00 48 ARVs 1 EA $ 2, 500. 00 $ 2, 500. 00
49 Blow-Offs 1 EA $ 4, 000. 00 $ 4, 000. 00
50 Stub& Plug 1 LF $ 1, 000. 00 $ 1, 000. 00
51 Connect to Existing 1 EA $ 3, 000. 00 $ 3, 000. 00
Subtotal Non- Potable Water 38, 500. 00
TOTAL CONSTRUCTION COST( nearest$ 1, 000) $ 3, 726, 000. 00 COST PER LOT $ 24, 039. 00
Notes:
1) Unit prices are based on estimated current construction costs and no provision for inflation is included. 2) This estimate does not include surveying, engineering, clearing, grading, erosion control, dry utilities, landscaping, irrigation, or street trees.
620 STO tERIDGE, 4AL RCJAG. SUITE 330, PtEASANTON. CA 9458b P. 925. 223. 834Q • F: 209 571 2466 T:\ 25503- River IslandslPhase 47- Village FF\Word 8 Excel\ Cost Estimate 2017- 11- 27 Stage 2B Village FF Engineer' s Estimate. xis\ Improvements

OPINION OF PROBABLE COST
ENGIN EEfi1NG
River Islands Stage 2B - Village FF Pocket Parks ( P43 & P44) Lathrop, CA 100% Submittal 2/ 17/ 2021
ITEM DESCRIPTION UNIT QUANT. UNIT COST AMOUNT
A. Site Preparation
1 Site Grading ( Fine) SF 20, 469 0. 95 19, 445. 55
SUB- TOTAL 19, 445. 55
B. Flatwork/ Surfacing
1 12" Concrete Mow Curb LF 466 20. 00 9, 320. 00
2 Natural colored 6" Conc. Flatwork SF 1, 807 12. 00 21, 684. 00 SUB- TOTAL 31, 004. 00
C. Furnishings/ Equipment/ Structures
1 Benches EA 6 1, 015. 00 6, 090. 00
2 Trash Receptacles EA 1 575. 00 575. 00
3 Recycling Receptacles EA 1 575. 00 575. 00
7 Pilaster LF 4 1, 000. 00 4, 000. 00
SUB- TOTAL 11, 240. 00
C. Planting
1 Drill Seed Lawn SF 6, 889 0. 06 413. 34
2 1 Gallon Shrubs EA 1, 265 9. 70 12, 270. 50
3 15 Gallon Trees EA 30 113. 00 3, 390. 00
4 Soil Conditioning& Amendments SF 18, 196 0. 20 3, 639. 20 5 Bark SF 11, 307 0. 21 2, 374. 47
6 Root Barrier LF 222 3. 70 821. 40
SUB- TOTAL 22, 908. 91
D. Irrigation Controls& Distribution
1 Irrigation Sub- Total SF 18, 196 1. 55 28, 203. 80
SUB- TOTAL 28, 203. 80
TOTAL 112, 802. 26
10% Contingency 11, 280. 23
Construction Total 124,082.49
Original Budget( 2018- 06- 22)
218, 350
Red= over budget/ Green= under budget
Lake 12- PP ( P43)'' 78,400. 00
Lake 12- PP ( P44)* 126, 300. 00' `
Lake 12- Lake Ed e LS 13, 650. 00'
94, 268
NOTES:

1. Items not included as a part of this estimate: F. Erosion control & siltation cost, SWPPP A. Permits G. Landscaping Fees
EST- 2021- 02- 17- Village FF Pocket Parks- Engineers EstimAte- 25511. 15 B. Utility Fees H. Joint trench
C. City fees, bond fees I. Easement acquisitions
D. Engineering/ design fees J. Power Pole Relocation
E. Soils engineering cost

2. This is a preliminary estimate only and not to be used as a bidding quantity sheet EST- 2021- 02- 17- Village FF Pocket Parks- Engineers Estim te- 25511. 15 i ° ° Q OPINION OF PROBABLE COST
NGiNE EfiING
River Islands Parkway - Village FF - Phase 2 - Streetscape Lathrop, CA 100% Submittal 2/ 2/ 2021
ITEM DESCRIPTION UNIT QUANT. UNIT COST AMOUNT
A. Site Preparation
1 Site Grading ( Fine) SF 87, 085 0. 50 43, 542. 50
S U B- TOTAL 43, 542. 50
B. Flatwork/ Surtacing/ Walls
1 12" Concrete Mow Curb LF 150 12. 00 1, 800. 00
2 Natural colored 6" Conc. Flatwork SF 70 6. 00 420. 00 3 Cobbles/ Boulders SF 104 2. 20 228. 80
4 Open Space Rail Fence LF 723 32. 00 23, 136. 00
5 Open Space Rail Fence Pilaster EA 11 1, 000. 00 11, 000. 00 6 Open Space Rail Fence Pilaster with Light EA 10 2, 000. 00 20, 000. 00 7 Open Space Rail Fence Footing EA 54 500. 00 27, 000. 00 SUB- TOTAL 83, 584. 80
C. Features
1 Removable Bollard EA 3 2, 000. 00 6, 000. 00
SUB- TOTAL 6, 000. 00
D. Planting
1 1 Gallon Shrubs EA 2, 572 8. 25 21, 219. 00
2 15 Gallon Trees EA 111 120. 00 13, 320. 00
3 Hydroseed- Wildflower Mix SF 17, 560 0. 35 6, 146. 00 4 Hydroseed- Bio- Filtration Mix SF 35, 116 0. 35 12, 290. 60 5 Soil Conditioning& Amendments SF 86, 865 0. 30 26, 059. 50 6 Bark SF 34, 189 0. 25 8, 547. 25
7 Root Barrier LF 1, 862 6. 00 11, 172. 00
SUB- TOTAL 98, 754. 35
E. Irrigation Controls & Distribution
1 6" Pop- Up Spray Nozzle EA 48
2 12" Pop- Up Rotor EA 105
3 Tree RWS System EA 222
4 Pipe Transition Points EA 28
5 Flush Cap and Valve Box EA 54
6 Operation Indicator EA 54
7 18" o. c. In- line Drip Tubing Irrigation System LN 24, 327 8 1" Valves/ Filter, Boxes& Decoders EA 30
9 1" Valves, Boxes& Decoders EA 15
10 3/ 4" Quick Couplers EA 18
11 Gate Valve EA 2
12 Sch 40 Ball Valve EA 28
13 3/ 4" Lateral Line LF 1, 900
14 1" Lateral Line LF 640
15 1 1/ 4" Lateral Line LF 320
16 1 1/ 2" Lateral Line LF 321
17 Drip Header LF 166
18 3" Mainline LF 1, 819
EST- 2021- 02- 02- Village FF- Phase 2- Engineers Estimate- T RI- 25511. 05 19 Pipe Sleeve LF 561
20 1" Conduit for Control Wires LF 1, 559
21 Irrigation Sub- Total SF 86, 865 2. 02 175, 467. 30
S U B- TOTAL 175, 467. 30
TOTAL 407, 348. 95
10% Contingency 40, 734. 90
Construction Total 448, 083. 85
Ori inai Bud et 2018- 06- 22)
937, 056
Red= over budget/ Green= under budget
UIL FF;( Pkwy Strips( 14;152
8/ sfl): 113; 216. 00
ViIFF ( A163- A : : 11, 440. 00
ViI FF A163- B : 36, 400. 00
ViI: FF ( A165- A : 776;000. 00
488, 972
NOTES:

1. Items not included as a part of this estimate: F. Erosion control & siltation cost, SWPPP A. Permits G. Landscaping Fees
B. Utility Fees H. Joint trench
C. City fees, bond fees I. Easement acquisitions
D. Engineering/ design fees J. Power Pole Relocation
E. Soils engineering cost

2. This is a preliminary estimate only and not to be used as a bidding quantity sheet EST- 2021- 02- 02- Village FF- Phase 2- Engineers Estimate- T RI- 25511. 05

OPINION OF PROBABLE COST
i.. '
ENG1N 7NG
River Islands Parkway - Village FF - Stage 2B - Streetscape Lathrop, CA 100% Submittal 2/ 2/ 2021
ITEM DESCRIPTION UNIT QUANT. UNIT COST AMOUNT
A. Site Preparation
1 Site Grading ( Fine) SF 25, 675 0. 50 12, 837. 50
SUB- TOTAL 12, 837. 50
B. Flatwork/ Surfacing/ Walls
1 12" Concrete Mow Curb LF 382 12. 00 4, 584. 00
2 Natural colored 6" Conc. Flatwork SF 1, 251 6. 00 7, 506. 00 3 Permaloc Edging LF 37 10. 00 370. 00
4 Cobbles/ Boulders SF 104 2. 20 228. 80
5 Cobble Set in Concrete SF 507 10. 00 5, 070. 00
SUB- TOTAL 17, 758. 80
C. Features
1 Bench EA 3 2, 905. 00 8, 715. 00
2 Removable Bollard EA 3 2, 000. 00 6, 000. 00
SUB- TOTAL 14, 715. 00
D. Planting
1 1 Gallon Shrubs EA 1, 498 8. 25 12, 358. 50
2 15 Gallon Trees EA 61 120. 00 7, 320. 00
3 Sod- Lawn Grass SF 1, 912 0. 40 764. 80
4 Soil Conditioning& Amendments SF 23, 778 0. 30 7, 133. 40 5 Bark SF 21, 866 0. 25 5, 466. 50
6 Root Barrier LF 1, 512 6. 00 9, 072. 00
SUB- TOTAL 42, 115. 20
E. Irrigation Controls & Distribution
1 6" Pop- Up Spray Nozzle EA 37
2 Tree RWS System EA 122
3 Pipe Transition Points EA 25
4 Flush Cap and Valve Box EA 48
5 Operation Indicator EA 48
6 18" o. c. In- line Drip Tubing Irrigation System LN 16, 054 7 1" Valves/ Filter, Boxes& Decoders EA 13
8 1" Valves, Boxes& Decoders EA 4
9 3/ 4" Quick Couplers EA 9
10 Gate Valve EA 2
11 Sch 40 Ball Valve EA 21
12 3/ 4" Lateral Line LF 2, 757
13 Drip Header LF 227
14 3" Mainline LF 1, 043
15 Pipe Sleeve LF 313
16 1" Conduit for Control Wires LF 1, 115
17 Irrigation Sub- Total SF 22, 009 2. 02 44, 458. 18
SUB- TOTAL 44, 458. 18
EST- 2021- 02- 02- Village FF- Stage 2B- Engineers Estimate- fo RI- 25511. 05 TOTAL 131, 884. 68
10% Contingency 13, 188. 47
Construction Total 145, 073. 15
Ori inal Bud et( 2018- 06- 22)
182, 736
Red= over budget/ Green= under budget
VIL FF( Pkwy Strips( 8, 722
8/ s : 69, 776. 00 :

ViI FF A164- A): 8,640. 00
ViI FF( A170- A : : 17; 840. 00
ViI FF ( A164- B): 34; 640. 00 '
Vil'' FF A170- B): 51, 840. 00 '
37, 663
NOTES:

1. Items not included as a part of this estimate: F. Erosion control & siltation cost, SWPPP A. Permits G. Landscaping Fees
B. Utility Fees H. Joint trench
C. City fees, bond fees I. Easement acquisitions
D. Engineering/ design fees J. Power Pole Relocation
E. Soils engineering cost

2. This is a preliminary estimate only and not to be used as a bidding quantity sheet EST- 2021- 02- 02- Village FF- Stage 26- Engineers Estimate- o RI- 25511. 05 ENGiNEEfZ1NG
ENGINEER' S BOND ESTIMATE February 12, 2021
COST TO COMPLETE Job No.: 25503- 47
RIVER ISLANDS- Stage 2B
VILLAGE FF( 155 LOTS)

CITY OF LATHROP, SAN JOAQUIN COUNTY, CALIFORNIA
Item Description Quantity Unit Unit Price Amount
1 Joint Trench Gas Tie In ( o/ Completion) 1 LS $ 11, 700. 00 $ 11, 700. 00 TOTAL COST TO COMPLETE $ 11, 700. 00
Notes:
1) Estimate for cost to complete based on contractor' s note for Village FF dated 02/ 11/ 2021 G20D STONERIC7GE MALL ROAL. SUITE 33t7.# LEASANFON. C. 484' a88 • P. 925. 223 8340 • F209 571. 2a66 T:\ 25503- River Islands\ Phase 47- Village FF\ Word 8 Excel\ Cos[ Estimate\ Cost[ o Complete 2021- 02- 12\ 2027- 02- 12 Village FF Cost To Complete. xls\ Improvements

OPINION OF PROBABLE COST
ENGIAI EEfi1NG
River Islands Stage 2B - Village FF Pocket Parks ( P43 & P44) Lathrop, CA 100% Submittal 2/ 17/ 2021
ITEM DESCRIPTION UNIT QUANT. UNIT COST AMOUNT
A. Site Preparation
1 Site Grading ( Fine) SF 20, 469 0. 95 19, 445. 55
SU B- TOTA L 19, 445. 55
B. Flatwork/ Surfacing
1 12" Concrete Mow Curb LF 466 20. 00 9, 320. 00
2 Natural colored 6" Conc. Flatwork SF 1, 807 12. 00 21, 684. 00 SUB- TOTAL 31, 004. 00
C. Furnishings/ Equipment/ Structures
1 Benches EA 6 1, 015. 00 6, 090. 00
2 Trash Receptacles EA 1 575. 00 575. 00
3 Recycling Receptacles EA 1 575. 00 575. 00
7 Pilaster LF 4 1, 000. 00 4, 000. 00
S U B- TOTAL 11, 240. 00
C. Planting
1 Drill Seed Lawn SF 6, 889 0. 06 413. 34
2 1 Gallon Shrubs EA 1, 265 9. 70 12, 270. 50
3 15 Gallon Trees EA 30 113. 00 3, 390. 00
4 Soil Conditioning& Amendments SF 18, 196 0. 20 3, 639. 20 5 Bark SF 11, 307 0. 21 2, 374. 47
6 Root Barrier LF 222 3. 70 821. 40
SUB- TOTAL 22, 908. 91
D. Irrigation Controls & Distribution
1 Irrigation Sub- Total SF 18, 196 1. 55 28, 203. 80
SUB- TOTAL 28, 203. 80
TOTAL 112, 802. 26
10% Contingency 11, 280. 23
Construction Total 124, 082. 49
Original Budget( 2018- 06- 22)
218, 350
Red=over budget/ Green=under budget
Lake 12- PP ( P43)'' 78, 400. 00
Lake 12- PP ( P44}* 126, 300. OQ '
Lake 12- Lake Ed e LS ` $ 13; 650. 00
94, 268
NOTES:

1. Items not included as a part of this estimate: F. Erosion control & siltation cost, SWPPP A. Permits G. Landscaping Fees
EST- 2021- 02- 17- Village FF Pocket Parks- Engineers Estim9te- 25511. 15 B. Utility Fees H. Joint trench
C. City fees, bond fees I. Easement acquisitions
D. Engineering/ design fees J. Power Pole Relocation
E. Soils engineering cost

2. This is a preliminary estimate only and not to be used as a bidding quantity sheet EST- 2021- 02- 17- Village FF Pocket Parks- Engineers Estim te- 25511. 15 s : " OPINION OF PROBABLE COST
NGiN Efi1PIG
River Islands Parkway - Village FF - Stage 2B - Streetscape Lathrop, CA 100% Submittal 2/ 2/ 2021
ITEM DESCRIPTION UNIT QUANT. UNIT COST AMOUNT
A. Site Preparation
1 Site Grading ( Fine) SF 25, 675 0. 50 12, 837. 50
SUB- TOTAL 12, 837. 50
B. Flatwork/ Surfacing/ Walls
1 12" Concrete Mow Curb LF 382 12. 00 4, 584. 00
2 Natural colored 6" Conc. Flatwork SF 1, 251 6. 00 7, 506. 00 3 Permaloc Edging LF 37 10. 00 370. 00
4 Cobbles/ Boulders SF 104 2. 20 228. 80
5 Cobble Set in Concrete SF 507 10. 00 5, 070. 00
SUB- TOTAL 17, 758. 80
C. Features
1 Bench EA 3 2, 905. 00 8, 715. 00
2 Removable Bollard EA 3 2, 000. 00 6, 000. 00
SUB- TOTAL 14, 715. 00
D. Planting
1 1 Gallon Shrubs EA 1, 498 8. 25 12, 358. 50
2 15 Gallon Trees EA 61 120. 00 7, 320. 00
3 Sod- Lawn Grass SF 1, 912 0. 40 764. 80
4 Soil Conditioning& Amendments SF 23, 778 0. 30 7, 133. 40 5 Bark SF 21, 866 0. 25 5, 466. 50
6 Root Barrier LF 1, 512 6. 00 9, 072. 00
SUB- TOTAL 42, 115. 20
E. Irrigation Controls & Distribution
1 6" Pop- Up Spray Nozzle EA 37
2 Tree RWS System EA 122
3 Pipe Transition Points EA 25
4 Flush Cap and Valve Box EA 48
5 Operation Indicator EA 48
6 18" o. c. In- line Drip Tubing Irrigation System LN 16, 054 7 1" Valves/ Filter, Boxes & Decoders EA 13
8 1" Valves, Boxes& Decoders EA 4
9 3/ 4" Quick Couplers EA 9
10 Gate Valve EA 2
11 Sch 40 Ball Valve EA 21
12 3/ 4" Lateral Line LF 2, 757
13 Drip Header LF 227
14 3" Mainline LF 1, 043
15 Pipe Sleeve LF 313
16 1" Conduit for Control Wires LF 1, 115
17 Irrigation Sub- Total SF 22, 009 2. 02 44, 458. 18
SUB- TOTAL 44, 458. 18
EST- 2021- 02- 02- Village FF- Stage 2B- Engineers Estimate- lfo RI- 25511. 05 TOTAL 131, 884. 68
10% Contingency 13, 188. 47
Construction Total 145, 073. 15
Original Bud et( 2018- 06- 22)
182, 736
Red= over budget/ Green= under budget
VIL FF,( Pkwy S#rips( 8; 722
8lsfl}: 69, 776. 00
ViI FF ( A164- A): 8; 640. 00
Uih FF A170- A): 17, 840.00-
ViI FF( A164- B): 34, 640. 00
Vil FF ( A170- B): 51,$ 40. 00
37, 663
NOTES:

1. Items not included as a part of this estimate: F. Erosion control & siltation cost, SWPPP A. Permits G. Landscaping Fees
B. Utility Fees H. Joint trench
C. City fees, bond fees I. Easement acquisitions
D. Engineering/ design fees J. Power Pole Relocation
E. Soils engineering cost

2. This is a preliminary estimate only and not to be used as a bidding quantity sheet EST- 2021- 02- 02- Village FF- Stage 2B- Engineers Estimate- Yo RI- 25511. 05

OPINION OF PROBABLE COST
EIUGiN E EfiING
River Islands Parkway - Village FF - Phase 2 - Streetscape Lathrop, CA 100% Submittal 2/ 2/ 2021
ITEM DESCRIPTION UNIT QUANT. UNIT COST AMOUNT
A. Site Preparation
1 Site Grading ( Fine) SF 87, 085 0. 50 43, 542. 50
SUB- TOTAL 43, 542. 50
B. Flatwork/ Surfacing/ Walls
1 12" Concrete Mow Curb LF 150 12. 00 1, 800. 00
2 Natural colored 6" Conc. Flatwork SF 70 6. 00 420. 00 3 Cobbles/ Boulders SF 104 2. 20 228. 80
4 Open Space Rail Fence LF 723 32. 00 23, 136. 00
5 Open Space Rail Fence Pilaster EA 11 1, 000. 00 11, 000. 00 6 Open Space Rail Fence Pilaster with Light EA 10 2, 000. 00 20, 000. 00 7 Open Space Rail Fence Footing EA 54 500. 00 27, 000. 00 SUB- TOTAL 83, 584. 80
C. Features
1 Removable Bollard EA 3 2, 000. 00 6, 000. 00
SUB- TOTAL 6, 000. 00
D. Planting
1 1 Gallon Shrubs EA 2, 572 8. 25 21, 219. 00
2 15 Gallon Trees EA 111 120. 00 13, 320. 00
3 Hydroseed- Wildflower Mix SF 17, 560 0. 35 6, 146. 00 4 Hydroseed- Bio- Filtration Mix SF 35, 116 0. 35 12, 290. 60 5 Soil Conditioning& Amendments SF 86, 865 0. 30 26, 059. 50 6 Bark SF 34, 189 0. 25 8, 54725
7 Root Barrier LF 1, 862 6. 00 11, 172. 00
SUB- TOTAL 98, 754. 35
E. Irrigation Controls & Distribution
1 6" Pop- Up Spray Nozzle EA 48
2 12" Pop- Up Rotor EA 105
3 Tree RWS System EA 222
4 Pipe Transition Points EA 28
5 Flush Cap and Valve Box EA 54
6 Operation Indicator EA 54
7 18" o. c. In- line Drip Tubing Irrigation System LN 24, 327 8 1" Valves/ Filter, Boxes& Decoders EA 30
9 1" Valves, Boxes& Decoders EA 15
10 3/ 4" Quick Couplers EA 18
11 Gate Valve EA 2
12 Sch 40 Ball Valve EA 28
13 3/ 4" Lateral Line LF 1, 900
14 1" Lateral Line LF 640
15 1 1/ 4" Lateral Line LF 320
16 1 1/ 2" Lateral Line LF 321
17 Drip Header LF 166
18 3" Mainline LF 1, 819
EST- 2021- 02- 02- Village FF- Phase 2- Engineers Estimate- T RI- 25511. 05 19 Pipe Sleeve LF 561
20 1" Conduit for Control Wires LF 1, 559
21 Irrigation Sub- Total SF 86, 865 2. 02 175, 467. 30
SUB- TOTAL 175, 467. 30
TOTAL 407, 348. 95
10% Contingency 40, 734. 90
Construction Total 448, 083. 85
Ori inal Bud et( 2018- 06- 22)
937, 056
Red= over budget/ Green= under budget
VIL FF( Pkwy Strips( 14, 152
8/ s ):. 113, 216. 00`
Vil FF ( A163-A : 14, 440. 00
Vil F A163- B : 36,400.00 ,
Vil FF ( A165- A): 776, 000. 00:
488, 972
NOTES:

1. Items not included as a part of this estimate: F. Erosion control & siltation cost, SWPPP A. Permits G. Landscaping Fees
B. Utility Fees H. Joint trench
C. City fees, bond fees I. Easement acquisitions
D. Engineering/ design fees J. Power Pole Relocation
E. Soils engineering cost

2. This is a preliminary estimate only and not to be used as a bidding quantity sheet EST- 2021- 02- 02- Village FF- Phase 2- Engineers Estimate- T RI- 25511. 05 ATrACHMENT D

JOINT ESCROW INSTRUCTIONS

RECORDATION OF FINAL MAPS

RIVER ISLANDS AT LATHROP)
April 11, 2022
Via Email and Hand Delivery
Old Republic Title Company
1215 W. Center Street, Suite 103
Manteca, CA 95337
Attn: Lori Richardson
Re: Recordation of Final Map 4082; Escrow No. 1214022471 Dear Lori:

This letter constitutes the joint escrow instructions (" Escrow Instructions") of River Islands Stage 2B, LLC, a Delaware limited liability company (" RIS2B°') and the City of Lathrop (" City') in connection with the above- referenced escrow (" Escrovd'). The Escrow was opened in connection with recordation of the above- referenced final map (" Final Map"). Recordation of the Final Map is subject to the conditions set forth below. The transactions described in these Escrow Instructions are referred to as the " Transaction." Old Republic Title Company is referred to as " you" or" ORTC." A. Date for Closinqs
The Final Map will be recorded at the time designated by RIS2B as set forth below. The Final Map can only be recorded after the City has approved the map in writing. The closing date for the Transaction is intended to occur by December 30, 2022, at the time designated in writing by RIS2B, subject to satisfaction of the conditions set forth below ( each a Closing'). If the Final Map has not been recorded by June 30, 2023, ORTC will return the Final Map to the City.

B. Documents to be Delivered and Recordation Documents
In connection with the Transaction, you have in your possession or will receive the following documents from City and RIS2B for recordation in the Official Records of San Joaquin County, California (" Official Records").

B. 1. One original Final Map for Tract 4082, executed and acknowledged by the City (provided to title by City).

The documents listed in Items B. 1 above are referred to as the " Recordation Documents." The Recordation Documents shall be recorded in the order referred to above. The date on which the Recordation Documents are recorded in the Official Records is the Recordation Date.
1 JOINT ESCROW INSTRUCTIONS

RECORDATION OF FINAL MAPS

RIVER ISLANDS AT LATHROP)
C. Funds and Settlement Statement
You also have received, or will receive from RIS2B, prior to the recordation of the Recordation Documents, in immediately available funds, the following amounts, in accordance with the settlement statement prepared by you and approved in writing by both RIS2B and City(" Settlement Statemenf'): recordation costs, escrow fees and other amounts as set forth in the Settlement Statement. Such costs, fees and other amounts are the sole responsibility of RIS2B.

Funds to be wire transferred directly to the entity set forth below, immediately upon recordation of the Final Map, in accordance with the wire transfer instructions for each entity are as follows: The amount of $57, 685. 98, payable to the City pursuant to that certain Agreement to Settle Litigation Regarding River Islands at Lathrop as amended " Sierra Club Agreemenf'), constituting the amount of $3, 501. 00 multiplied by 16. 477 acres ( or portion thereof) included in the Final Map, is to be transferred to the City upon recordation of the Final Map. The City' s wire instructions are set forth below.

The amounts set forth in Section C are referred to as the " C/osinq Funds." D. Closinq Requirements
When the following has occurred, you are authorized to close the Escrow at the time( s) and in accordance with the process set forth below:

D. 1. You have delivered copies of your Settlement Statement by email transmission to: ( a) Susan Dell' Osso ( sdellosso@riverslands. com); ( b) Debbie Belmar dbelmar@riverislands. com); ( c) Brad Taylor ( btavlor@ci. lathrop. ca. us); ( d) Salvador Navarrete snavarrete@ci. lathrop. ca.us; e) Glenn Gebhardt qqebhardt@ci. lathrop. ca. us), ( f) Sandra Lewis ( slewis@ci. lathrop. ca. us), and have confirmation ( by telephone or email) from Susan Dell' Osso and Glenn Gebhardt or Brad Taylor that the Settlement Statement is accurate and acceptable; D. 2. You have not received any instructions contrary to these Escrow Instructions;
D. 3. The Recordation Documents and all other documents described herein as being held by you or delivered to you have been received by you and have been fully executed and, where applicable, acknowledged, and you have attached all legal descriptions or have confirmed that all exhibits and legal descriptions are attached; D. 4 You are prepared to record the Recordation Documents, as designated, release funds in accordance with the Settlement Statement and complete the Transaction in compliance with these Escrow Instructions; D. 5. You have delivered a copy of these instructions, executed by an authorized signatory of ORTC with authority to bind ORTC, and initialed all pages, by email transmission ( with original hard copy to follow by U. S. Mail) to Debbie Belmar and Glenn Gebhardt at the email addresses set forth above; and D. 6. You have received confirmation ( by email or other writing) from Susan Dell' Osso and Stephen Salvatore or Glenn Gebhardt to record the Recordation Documents and complete the Transaction.
2 JOINT ESCROW INSTRUCTIONS

RECORDATION OF FINAL MAPS

RIVER ISLANDS AT LATHROP)
E. Closinq Process and Priorities
When you have fully satisfied all of the closing requirements set forth in Section D, then you are authorized and instructed to do the following in the chronological order given:

E. 1. Date the Recordation Documents to be recorded;
E. 2. Record the Recordation Documents in the Official Records; E. 3. Pay the costs associated with the Transaction;
E. 4. Refund any funds delivered to you by RIS2B that are not disbursed at the time of the final Closing pursuant to these Escrow Instructions to the following entity and address:

River Islands Stage 2B, LLC
73 W. Stewart Road
Lathrop, CA 95330
Attn: Susan Dell' Osso
E. S. Notify Susan Dell' Osso ( [email protected]), Debbie Belmar( dbelmar@riverislands. com), Glenn Gebhardt ( aqebhardt@ci. lathrop. ca. us), Brad Taylor( btavlor@ci. lathrop. ca. us), Sandra Lewis ( slewis@ci. lathrop. ca. us), Teresa Vargas tvarqas@ci. lathrop. ca.us), Sarah Pimentel ( spimentel@ci. lathrop. ca.us), and Jose Molina ( JMolina@slqov. orq) of the completion of the Transaction; E. 6. Within five ( 5) business days after each Recordation Date, deliver by overnight delivery via recognized, national, overnight delivery carrier to: ( 1) Susan Dell' Osso, River Islands Stage 2B, LLC, 73 W. Stewart Road, Lathrop, CA 95330; and 2) Mr. Glenn Gebhardt, City Engineer, City Attorney, City of Lathrop, 390 Towne Centre Drive, Lathrop, CA 95330:

A) a certified copy of the Recordation Documents, showing all recording information of the Recordation Documents; and B) a certified copy of the final Settlement Statement.

F. Additionallnstructions
When assembling the final documents, signature pages from all parties shall be inserted into each respective final document in creating fully executed counterparts.

Please acknowledge receipt of these instructions and your agreement to act as Escrow agent in connection with this Transaction in accordance with these Escrow Instructions, by executing and dating a copy of these Escrow Instructions where indicated below, initialing all pages and returning it to both of the undersigned. 3 JOINT ESCROW INSTRUCTIONS

RECORDATION OF FINAL MAPS

RIVER ISLANDS AT LATHROP)
The Escrow Instructions may be modified only in a writing signed by both of the undersigned.

Very truly yours,
Stephen J. Salvatore Date Susan Dell' Osso Date
City Manager President
City of Lathrop River Islands Stage 2B, LLC
4 JOINT ESCROW INSTRUCTIONS

RECORDATION OF FINAL MAPS

RIVER ISLANDS AT LATHROP)

ESCROW INSTRUCTIONS
ACKNOWLEDGEMENT AND AGREEMENT:

Receipt of the foregoing Escrow Instructions from RIS2B and the City is hereby acknowledged. The undersigned agrees, for itself, and on behalf of ORTC, to proceed in strict accordance with these Escrow Instructions. The undersigned represents and warrants to RIS2B and the City that the undersigned is authorized to execute this Acknowledgement and Agreement, for itself, and on behalf of ORTC.

Old Republic Title Company
By:
its:

Date:
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