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2022-11-14_item_4.20_approve_large_lot_final_map_sia_for_34_undevelopable_parcels_tract_4149_with_west_village_district_of_river_islands

Lathrop City Council
November 14, 2022

Document
2022-11-14_item_4.20_approve_large_lot_final_map_sia_for_34_undevelopable_parcels_tract_4149_with_west_village_district_of_river_islands
Meeting
November 14, 2022
Body
Lathrop City Council
Pages
11
Original file
6.6 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. 20

CITY MANAGER' S REPORT
NOVEMBER 14, 2022 CITY COUNCIL REGULAR MEETING
ITEM: APPROVE LARGE LOT FINAL MAP AND SUBDIVISION
IMPROVEMENT AGREEMENT FOR 34
UNDEVELOPABLE PARCELS ( TRACT 4149) WITHIN

WEST VILLAGE DISTRICT OF RIVER ISLANDS
RECOMMENDATION: Adopt Resolution Approving a Large Lot Final Map for Tract 4149 within West Village District, Totaling
34 Undevelopable Parcels, and Subdivision
Improvement Agreement with River Islands
SUMMARY:

The developer, River Islands Stage 26, LLC, Califia, LLC, and River Islands Development Area 1 LLC, ( hereinafter collectively referred to as " River Islands"), proposes approval of the Large Lot Final Map ( LLFM) Tract 4149 ( Attachment " B").

The LLFM Tract 4149 will create large blocks" of land consistent with future proposed small lot final maps within the West Village District. The approval of LLFM Tract 4149 provides the ability to process small lot final maps in an orderly fashion where one small map does not depend on another, providing River Islands with greater flexibility in the order in which they sell neighborhoods within West Village District. The City Council approved LLFM Tract 3876, within the East Village District, and LLFM Tract 3908 within Lakeside East District ( Stage 2A) for the same purpose.

StafF request that the City Council approve the proposed LLFM and Subdivision Improvement Agreement ( SIA) for Tract 4149.

BACKGROUND:

On June 14, 2021, the City Council adopted resolutions and ordinances approving the River Islands modified Phase 2 Project. The Project included certification of a subsequent environmental impact report, general plan amendment to the land use map, and text revisions to the land use element and circulation element.

Amendments to the West Lathrop Specific Plan and Urban Design concept, zoning map and zoning text amendments, a Preliminary Development Plan and Vesting Tentative Subdivision Map, sixth amendment to the 2003 Development Agreement, and the Phase 2 Parks and Open Space Master Plan were also approved.

On October 19, 2022, Planning Commission approved the West Village Neighborhood Design Plan ( NDP) and Architectural Design Guidelines and Development Standards DG/ DS) for Active Adult Neighborhoods ( NDP- 22- 136). Tract 4149, the proposed subdivision would create 34 undevelopable parcels lots within the West Village District of River Islands, located on the west side of the San Joaquin River, north of Union Pacific Railroad.

CITY MANAGER' S REPORT PAGE 2
NOVEMBER 14, 2022 CITY COUNCIL REGULAR MEETING
APPROVE LLFM AND SIA FOR 34 UNDEVELOPABLE PARCELS ( TRACT 4149)

WITHIN WEST VILLAGE DISTRICT OF RIVER ISLANDS
All subdivision maps are required by the City' s subdivision ordinance to include a Subdivision Improvements Agreement ( SIA) to guarantee certain off-site and on- site improvements. The approval of Tract 4149 includes an SIA for the guarantee of the unfinished portions of Addison Avenue, Bradburry Avenue, Briarstone Lane, Callerton Avenue, Haverhill Lane, Harbor View Avenue, Roll Tide Way, and Winton Avenue, as detailed in Table 1 below. The SIA, included as Attachment " D", associated with Tract 4149 is focused on the guarantee of this portion of the collector and arterial roads.

Prior to the recordation of the Tract 4149 Final Map, River Islands must also satisfy the Escrow Instructions, included as Attachment " E", that guarantee all required fees are paid prior to closing.

Table 1 - Bond Details
Unfinished Im rovement Total: 15, 130, 400
Performance Bond 110% of Unfinished Im rovements : $ 16, 643, 440 Labor & Materials Bond 50% of Performance Bond 8, 321, 720 REASON FOR RECOMMENDATION:

River Islands and the City mutually agree that a large lot subdivision map for each new district within the River Islands project is beneficial, since it allows for the orderly recordation of small lot final maps that create buildable lots in the future. Since River Islands does not know which tracts ( villages) within the West Village District will record first, the large lot map allows for a small lot final map to be recorded in any order, with proper performance guarantees and security and any easements necessary for access. As stated, all final maps that create buildable lots will require an SIA and will require security for unfinished and/ or deferred improvements associated with each tract/ village. River Islands has also completed the following required items necessary for approval:

Documents Status

1. Large Lot Map ready for signature Completed

2. Subdivision Improvement Agreement Completed

3. Performance Security - Uncompleted Collector and
Received
Arterial Road Im rovements 0799678

4. Labor and Materials Security - Uncompleted Collector Received
and Arterial Road Im rovements 0799678

5. Street Improvement Plans Completed

6. Geotechnical Report Completed

7. Submitted Certificate of Insurance Completed
CITY MANAGER' S REPORT PAGE 3
NOVEMBER 14, 2022 CITY COUNCIL REGULAR MEETING
APPROVE LLFM AND SIA FOR 34 UNDEVELOPABLE PARCELS ( TRACT 4149)

WITHIN WEST VILLAGE DISTRICT OF RIVER ISLANDS

8. Submitted Preliminary Guarantee of Title Completed

9. Escrow Instructions Completed
Fees Status

1. Final Map plan check fee Paid

2. Improvement Plans - Plan check and inspection fees Paid

3. Sierra Club Settlement fee N/ A
The above- noted documents and fees are required by the VTM 6716 conditions of approval prior to approval of the Large Lot Final Map by City Council. The guarantee is in the form of the Subdivision Improvement Agreement with security and improvement plans.

Extensive off-site improvements to serve West Village District have already been completed; including construction of levees, participation in construction of a Wastewater Treatment Plant Expansion ( Consolidated Treatment Facility and River Outfall Structure), the purchase of SSJID surface water and construction of utility and roadway infrastructure to serve the proposed development area.

Upon acceptance of all improvements as complete, a one- year warranty and repair bond will be required to secure the River Islands obligation to maintain all improvements and repair or correct any defective work
FISCAL IMPACT:

There is no budget impact to the City as all City costs are covered by development fees. River Islands is also providing funds necessary to defray any staff time required to process their request.

ATTACH M E NTS:

A. Resolution Approving a Large Lot Final Map for Tract 4149 within West Village District, Totaling 34 Undevelopable Parcels, a Subdivision Improvement Agreement with River Islands
B. Large Lot Final Map for Tract 4149
C. Tract 4149 Area Map
D. Subdivision Improvement Agreement for Tract 4149
E. Escrow Instructions for Final Map Tract 4149
CITY MANAGER' S REPORT PAGE 4
NOVEMBER 14, 2022 CITY COUNCIL REGULAR MEETING
APPROVE LLFM AND SIA FOR 34 UNDEVELOPABLE PARCELS ( TRACT 4149)

WITHIN WEST VILLAGE DISTRICT OF RIVER ISLANDS
APPROVALS:

I i/ I / 2 2
Bellal Nabizadah Date
Assistant Engineer
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Bra aylor Date
City Engineer
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Cari James Date
Finance Director
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Michael King Date
Assistant City Manager
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Salvador Navarrete Date
City Attorney
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Ste en J. Salvatore Date
City Manager
RESOLUTION NO. 22-

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LATHROP APPROVING A LARGE LOT FINAL MAP FOR TRACT 4149 WITHIN WEST VILLAGE DISTRICT, TOTALING 34 UNDEVELOPABLE PARCELS, AND A

SUBDIVISION IMPROVEMENT AGREEMENT WITH RIVER ISLANDS
WHEREAS, on June 14, 2021, the City Council adopted resolutions and ordinances approving the River Islands modified Phase 2 Project. The project included certification of a subsequent environmental impact report, general plan amendment to the land use map, and text revisions to the land use element and circulation element; and
WHEREAS, amendments to the West Lathrop Specific Plan and Urban Design concept, zoning map and zoning text amendments, a Preliminary Development Plan and Vesting Tentative Subdivision Map, sixth amendment to the 2003 Development Agreement, and the Phase 2 Parks and Open Space Master Plan were also approved; and
WHEREAS, on October 19, 2022, Planning Commission approved the West Village Neighborhood Design Plan ( NDP) and Architectural Design Guidelines and Development Standards ( DG/ DS) for Active Adult Neighborhoods ( NDP- 22- 136); and WHEREAS, Tract 4149, the proposed subdivision would create 34 nonbuildable lots within the West Village District of River Islands, located on the west side of the San Joaquin River, north of Union Pacific Railroad; and WHEREAS, a Subdivision Improvement Agreement ( SIA) between the City River Islands Stage 2B, LLC, Califia, LLC, and River Islands Development Area 1, LLC, hereinafter collectively referred to as " River Islands") and provision of security by River Islands for unfinished and deferred improvements for portions of Addison Avenue, Bradburry Avenue, Briarstone Lane, Callerton Avenue, Haverhill Lane, Harbor View Avenue, Roll Tide Way, and Winton Avenue are required prior to final map approval per the Lathrop Municipal Code Section 16. 16. 190; and WHEREAS, a SIA has been signed by River Islands, and presented to the City for approval and signature; and
WHEREAS, River Islands has provided security in the form of performance and labor and materials bonds for the collector and arterial roads; and WHEREAS, upon acceptance of all improvements, a one- year warranty bond will be required to secure the River Islands obligation to maintain all improvements and repair or correct any defective work; and
WHEREAS, large lot final map 4149 does not create buildable lots; it only configures them for future subdivisions and creates the backbone circulation elements ( streets) for the planning area; and
WHEREAS, City staff has confirmed that all Conditions of Approval of VTM 6716 required for approval of Final Map 4149 have been met, including those Conditions of Approval satisfied under the Subdivision Improvement Agreement; and WHEREAS, the City Engineer has confirmed that the Final Map for Tract 4149 is in conformance with VTM 6716, is technically correct and complies with the requirements of the Subdivision Map Act and Lathrop Municipal Code, Chapter 16. 16; and
WHEREAS, staff has determined that the division and development of the property as set forth on the map will not interfere with the free and complete exercise of the Lease for Sprayfield with Option to Purchase and therefore the City' s signature can be omitted from the Final Map pursuant to Section 66436 ( a)( 3)( A)( i) of the Subdivision Map Act; and
WHEREAS, River Islands Development Area 1, LLC, will satisfy the escrow requirements prior to recordation of the Final Map for Tract 4149; and NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Lathrop approves the following actions:

1. The City Clerk is authorized to execute Large Lot Final Map for Tract 4149 and is hereby approved as submitted as part of the public record with the San Joaquin County Assessor/ Recorder/ County Clerk Office. The recorded executed copy will be filed with the City Clerk.

2. That the City Manager, or their designee, is authorized to execute a Subdivision Improvement Agreement with River Islands in substantially the form as attached to the November 14, 2022 staff report.

3. The division and development of the property as set forth on the map will not interfere with the free and complete exercise of the Lease for Sprayfield with Option to Purchase and therefore the City' s signature can be omitted from the Final Map pursuant to Section 66436 ( a)( 3)( A)( i) of the Subdivision Map Act.

PASSED AND ADOPTED by the City Council of the City of Lathrop this 14th day of November 2022, by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

Sonny Dhaliwal, Mayor
ATTEST: APPROVED AS TO FORM:

Teresa Vargas, City Clerk Sa a or Navarrete, City Attorney

ATTA HMENT
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N

SUBDIVISION IMPROVEMENT AGREEMENT

BETWEEN THE CITY OF LATHROP AND
RIVER ISLANDS STAGE 2B, LLC, CALIFIA, LLC,
AND RIVER ISLANDS DEVELOPMENT AREA 1, LLC,
FOR 34 LARGE LOTS IN TRACT 4149

WEST VILLAGE DISTRICT)

RECITALS
A. This Agreement is made and entered into this 14th day of November, 2022, by and between the CTTY OF LATHROP, a municipal corporation of the State of California (" CITY"), and River Islands Stage 2B, LLC, a Delaware Limited Liability Company, Califia, LLC, a California Limited Liability Company, and River Islands Development Area 1, LLC, a Delaware Limited Liability Company (hereinafter collectively referred to as " SUBDIVIDER").

B. Pursuant to Division 2 of Title 7 of the Government Code of the State of California and CTTY' s Subdivision Regulations ( City of Lathrop, Code of Ordinances, Chapter 16), SUBDIVIDER is required to make dedications and improve Tract 4149. However, SUBDIVIDER has completed a portion of public infrastructure improvements associated with Tract 4149 for the collector and arterial streets within the Phase 2 development area. The unfinished portion of improvements total $ 15, 130, 400 and security in the form of performance bonds have been provided to the City and will be required to be held by CITY as outlined in this Tract 4149 Subdivision Improvement Agreement unless otherwise substituted with other security as outlined in this Agreement.

C. The backbone collector and arterial streets ( Addison Avenue, Bradburry Avenue, Briarstone Lane, Callerton Avenue, Haverhill Lane, Harbor View Avenue, Roll Tide Way, and Winton Avenue) improvements in total, include street, sidewalk, underground utility, storm drainage, streetlight, and joint trench improvements ( hereinafter " Improvements") are required to be constructed as part of the required infrastructure to ensure access to each parcel created with Tract 4149. Since not all of the Improvements are completed, security in the form of performance and labor and materials bonds shall be required for Tract 4149. The performance bonds shall equal 110% of the amount of the unfinished improvements as shown in Exhibit C ($ 15, 130, 400 X 110% 16, 643, 440 and the labor and materials bond shall equal 50°Io of the performance bond amount 16, 643, 440 X 50°Io = $ 8, 321, 720).

D. The term " Improvements" as used in this Agreement means all improvements necessary for collector and arterial roads associated with Tract 4149. As a result, the total value of public improvements for Tract 4149, as collector and arterial roads, is $ 23, 245, 680 as shown in Exhibit D to this Agreement. The required Warranty Bond for Tract 4149 shall be equal to 10% of the cost of Improvements as shown in Exhibit D; $ 23, 245, 680 x 10% _ $ 2, 324, 568 — warranty bond amount). The warranty bond shall be posted to guarantee the materials and workmanship of all Subdivision Improvement Agreement( River Islands Stage 2B, LLC, Califia, LLC, and River Islands Development Area 1, LLC) with the City of Lathrop for Final Map Tract 4149 West Village District

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improvements for a full year following acceptance by CITY.

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 CITY, the terms and conditions of which are incorporated herein by this reference, the parties hereto mutually covenant and agree as follows:

1. SUBDIVIDER shall complete construction of, or cause construction to be completed at its sole cost and expense, the Improvements described herein for Tract 4149, to the limits identified on Exhibit A. 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 CITY' S Department of Public Works, the applicable Ordinances of the City of Lathrop and the Califarnia Subdivision Map Act.

2. SUBDIVIDER shall complete the Improvements, including all deferred and unfinished improvements, prior to occupancy of the first home occupied associated with the first small lot final map recorded in the West Village District. Such occupancy shall be documented by CITY in the form of a Certificate of Occupancy or Final Building Permit.

3. CITY or its agents 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, CITY 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 SUBDIVIDER to ensure that the construction of the Improvements is in the most skillful and durable manner.

5. CITY' 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 CTTY' S acceptance of the Improvements. Prior to acceptance of the Improvements, SUBDIVIDER shall deposit with the City Engineer a Warranty Bond in the amount of$2, 324,568 equal to 10% of the estimated cost of the Improvements for the entire area as summarized in Recital D", to insure SUBDIVIDER' S repair and maintenance of the Improvements in accordance with the terms of this Agreement. The Warranty Bond shall be released at the end of the one ( 1) year guarantee period, provided there are no claims against it are then outstanding.

Subdivision Improvement Agreement ( River Islands Stage 2B, LLC, Califia, LLC, and River Islands Development Area 1, LLC) with the City of Lathrop far Final Map Tract 4149 West Village District

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7. Because some of the backbone improvements referenced in Recital " C" are required to provide access and utilities to the parcels created by the Tract 4149 final map and are associated with adjacent tracts as otherwise described in this Agreement, as well as collector and arterial roads associated with the Agreement for Dedication, Inspection and Guarantee of Public Streets and Improvements referenced in Recital " C", the security required by the Agreement for Dedication, Inspection and Guarantee of Public Streets and Improvements shall remain in place until the backbone improvements associated with that agreement are complete and accepted by CITY or as is further described by the conditions below.

8. If SUBDIVIDER, in whole or in part, abandons the Improvements, 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, 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 ar 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 CTTY. 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.

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, 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 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.

9. Because the Improvements are partially complete, SUBDIVIDER is required to only post security to guarantee the deferred and unfinished improvements associated with Tract 4149 as included and described in Exhibit C of this Agreement. The amount of security, as evidenced by performance bonds provided by SUBDIVIDER as indicated in Recital C shall be $ 16, 643, 440 for the performance bond and $ 8, 321, 720 for the labor and materials bond. Further, SUBDIVIDER shall also comply with CITY' S insurance requirements set forth on Exhibit B attached hereto and incorporated herein with a new certificate of insurance required.

10. Any alterations 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 hereof. The above-referenced sureties hereby consent to such alterations and waive the provisions of California Civil Code Section 2819.

Subdivision Improvement Agreement ( River Islands Stage 2B, LLC, Califia, LLC, and River Islands Development Area 1, LLC) with the City of Lathrop for Final Map Tract 4149 West Village District

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11. Neither CI'TY 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.

12. Neither CITY nar any of its officers, employees or agents shall be liable to 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.

13. 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 its duties and obligations under this Agreement or from the negligent act or omission of itself, its 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 CTTY 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 aforesaid 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.

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

15. Prior to acceptance of the Improvements by the City Council, SUBDIVIDER shall be solely responsible for maintaining the quality of the Improvements and maintaining safety at the project site. 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, all outstanding fees and charges have been paid and the City Council has accepted the Improvements as complete. CITY and SUBDIVIDER have formed Community Facilities Districts (" CFD") to finance maintenance and improvements. CITY expects to preserve Subdivision Improvement Agreement( River Islands Stage 2B, LLC, Califia, LLC, and River Islands Development Area 1, LLC) with the City of Lathrop for Final Map Tract 4149 West Village District

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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 CITY be subject to the provisions of an acquisition agreement to be entered into by 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.

16. SUBDIVIDER shall pay service fees for the utility services from the time the Improvements are accepted by 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.

17. 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 CITY.

18. 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 SUBDIVIDER and shall be jointly and severally liable hereunder.

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

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

20. 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 4023.

21. 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 Subdivision Improvement Agreement( River Islands Stage 2B, LLC, Califia, LLC, and River Islands Development Area 1, LLC) with the City of Lathrop for Final Map Tract 4149 West Village District

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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. g. Severability. If a court of competent jurisdiction finds or rules that any provision of this Agreement is void or unenforceable, 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 day. 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 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 4149
EXHIBIT B: CITY INSURANCE REQUIREMENTS
EXHIBIT C: TRACT 4149 ENGINEER' S ESTIMATE FOR UNFINISHED PORTIONS OF

COLLECTOR AND ARTERIAL ROADS
EXHIBIT D: TRACT 4149 ENGINEER' S ESTIMATE FOR COLLECTOR AND ARTERIAL ROADS
Subdivision Improvement Agreement( River Islands Stage 2B, LLC, Califia, LLC, and River Islands Development Area 1, LLC) with the City of Lathrop for Final Map Tract 4149 West Village District

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IN WITNESS WHEREOF, the parties hereto have executed this Agreement on this 14th day of November, 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 FO M
BY: 7 ZOz Z
Salvador Navarrete Date
City Attorney
River Islands Stage 2B, LLC, Califia, LLC
a Delaware Limited Liability Company a California Limited Liability Company BY: BY:

Susan Dell' Osso Date Susan Dell' Osso Date
President President
SUBDIVIDER" SUBDIVIDER"
River Islands Development Area 1, LLC,
a Delaware limited liability company
B Y:

Susan Dell' Osso Date
President
SUBDIVIDER"
Subdivision Improvement Agreement( River Islands Stage 2B, LLC, Califia, LLC, and River Islands Development Area 1, LLC) with the City of Lathrop for Final Map Tract 4149 West Village District

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Subdivision Improvement Agreement( River Islands Stage 2B, LLC, Califia, LLC, and River Islands Development Area 1, LLC) with the City of Lathrop for Final Map Tract 4149 West Village District

Page 9 of 13 ends

EXHIBIT B

CITY INSURANCE REQUIREMENTS

1. 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 insurers. 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 endarsement 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 of Lathrop 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 Agreement or the work, so long as commercially available at reasonable rates.

ACO DATE( MMIDDIYYYY)
CERTIFICATE OF LIABILITY INSURANCE 10/ 10/ 22
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 ADOITIONAL 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 NAMEACT GI0 I8 GBbfl@I
Alliant Insurance Services, f1C. PHONE FAX
333 S Hope St Ste 3750 ac r,o Ext: AIC No:

Los Angeles CA 90071 nooR ess: Gloria. Gabriel alliant. com INSURER( S) AFFORDING COVERAGE NAIC#
License#: OC36861 INSURERA: Uf11Y@d S 2CI8It Insurance Com 12537 INSURED RIVEISL- 01
INSURERB: NaVI BtOfS S ecialt Insurance 36056
River islands Development, Area 1, LLC
73 W. Stewait iNsuReR c: Homesite Insurance Com an 17221 Lathrop CA 95330 INSURERD:

INSURER E:

INSURER F:

COVERAGES CERTIFICATE NUMBER: 472121180 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
7ypE OF INSURANCE

ADDL SUBR POLICY EFF POLICY EXP

LTR POLICYNUMBER MM/ DD/ VYYY MMIDD/ YYYY LIMITS
A X COMMERCIALGENERALLIABILITY Y ATN2117764P 3/ 19/ 2021 3/ 19/ 2024 EACHOCCURRENCE 2, 000, 000

CLAIMS- MADE OCCUR

DAMAGETORENTED
PREMISES Ea occurrence $
MED EXP( Any one person) $
PERSONAL BADV INJURY $ 1, 000, 000
GEN' LAGGREGATELIMITAPPLIESPER: GENERALAGGREGATE $ 2, 000, 000 POLICY ER LOC PRODUCTS- COMP/ OP AGG $ 2, 000, 000
OTHER:

AUTOMO8ILE LIABILITY COMBINED SINGLE LIMIT $
Ea accident
ANY AUTO BODILY INJURY( Per person) $

OWNED SCHEDULED
BODILY INJURY( Per accident) $ AUTOS ONLY AUTOS

HIRED NON- OWNED PROPERTY DAMAGE
AUTOS ONLY AUTOS ONLY Per accident
e UMBRELLA LIAB X OCCUR LA21 FXSZ07WSRIC 3/ 19/ 2021 3/ 19/ 2024 EACH OCCURRENCE 3, 000, 000 X EXCESS LIAB CLAIMS- MADE AGGREGATE 3, 000, 000
DED RETENTION$
WORKERS COMPENSATION PER OTHAND EMPLOVERS' LIABILITY
Y N

STATUTE ER
ANYPROPRIETOR/ PARTNER/ EXECUTIVE E. L. EACH ACCIDENT
OFFICER/ MEMBEREXCLUDED? N A
Mandatory in NH) E. L. DISEASE- EA EMPLOYEE $
If yes, describe under
DESCRIPTION OF OPERATIONS below E. L. DISEASE- POLICY LIMIT $ C Excess Liability CPX- 7558052- 00 3/ 19/ 2021 3/ 19/ 2024 Occ./ Agg. 5, 000, 000 DESCRIPTION OF OPERATIONS/ LOCATIONS I VEHICLES ( ACORD 107, Additional Remarks Schedu e, may be attached if more space is required) RE: Final Map 4149( Phase 2, Area 1)
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 shall 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 THEREOP, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS.

City of Lathrop
390 Towne Centre Drive
Lathrop CA 95330

AUTHORIZEDREPRESENTATIVE
c-' F'C C%+^*^',,..._,_
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 compieted; 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 additionai 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 availableto 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, Califia, LLC, and River Islands Development Area 1, LLC) with the City of Lathrop for Final Map Tract 4149 West Village District

Page 10 of 13 ends

EXHIBIT C
TRACT 4149 ENGINEER' S ESTIMATE FOR UNFINISHED PORTIONS

OF COLLECTOR AND ARTERIAL ROADS
ENG7NE RING
ENGINEER' S BOND ESTIMATE November 2, 2022
COST TO COMPLETE Job No.: 25504- 86
RIVER ISLANDS- PHASE 2

ADDISON AVENUE

CITY OF LATHROP, SAN JOAQUIN COUNTY, CALIFORNIA
Item Description Quantity Unit Unit Price Amount
1 Sanitary Sewer Raising Iron( 0/ Completion) 1 LS $ 2, 400. 00 $ 2, 400. 00 2 Storm Drain Raising Iron( o/ Completion) 1 LS $ 800. 00 $ 800. 00 3 Domestic Water Raising GV' s& Tie- in ( o/ Completion) 1 LS $ 10, 000. 00 $ 10, 000. 00 4 Non Potable Water Raising GV' s& Tie- in ( o/ Completion) 1 LS $ 8, 500. 00 $ 8, 500. 00 5 Joint Trench( s0/ Completion) 1 LS $ 45, 000. 00 $ 45, 000. 00 6 Concrete( 0% Completion) 1 LS $ 192, 600. 00 $ 192, 600. 00 7 Finish Grade, AB& AC Paving ( o/ Completion) 1 LS $ 180, 000. 00 $ 180, 000. 00 8 Striping& Mounments( o/ Completion) 1 LS $ 7, 500. 00 $ 7, 500. 00 TOTAL COST TO COMPLETE § 446, 800. 00
Notes:
1) Estimate for cost to complete based on contractor' s note for Addison Avenue dated 11/ 2/ 2022 v`.. C., v= Ki. aEl' ti__+'a4. dC; >. t ._ v3. c+ c.^ 1, a." vi:.};ti : A3ti•" 57 , c J„ ^ . S;% ei: F b,
e•Gc., ;; W. . 4_ 8
T: 25504- River Islands\ Phase 66- Phase 2 Del Webb South IP\ Word 8 Exce Cost Esfimate\ Cost to Complete 2022- 10- 19 2022- 10- 79 Addison Avenue Cost To Complete. xis\ Improvements ENG1N£ fL1NG
ENGINEER' S BOND ESTIMATE November 2, 2022
COST TO COMPLETE Job No.: 25504- 86
RIVER ISLANDS- PHASE 2

BRADBURY AVENUE

CITY OF LATHROP, SAN JOAQUIN COUNTY, CALIFORNIA
Item Description Quantity Unit Unit Price Amount
1 Sanitary Sewer Raising Iron( o/ Completion) 1 LS $ 2, 900. 00 $ 2, 900. 00 2 Storm Drain Raising Iron( o/ Completion) 1 LS $ 800. 00 $ 800. 00 3 Domestic Water Raising GV' s& Tie- in ( o/ Completion) 1 LS $ 9, 500. 00 $ 9, 500. 00 4 Non Potable Water Raising GV' s& Tie- in ( o/ Completion) 1 LS $ 8, 500. 00 $ 8, 500. 00 5 Joint Trench( 60% Completion) 1 LS $ 78, 000. 00 $ 78, 000. 00 6 Concrete( 0% Completion) 1 LS $ 120, 000. 00 $ 120, 000. 00 7 Finish Grade, AB& AC Paving ( oi Completion) 1 LS $ 236, 500. 00 $ 236, 500. 00 8 Striping& Mounments( 0% Completion) 1 LS $ 8, 500. 00 $ 8, 500. 00 TOTAL COST TO COMPLETE $ 464, 700. 00
Notes:
1) Estimate for cost to complete based on contractor' s note for Bradbury Avenue dated 11/ 2/ 2022 J , .,, tlC.. 11AL_ -_, Sul . .. ,°.. . a i':. t' N ; f. F3 3 • ; 2. 8._ F W r" ii 2Ar',F T: 25504- River Islands\ Phase 86- Phase 2 Del Webb South IP\ Word 8 Ezce Cost Estima[ e\ Cost to Complete@022- 10- 79 2022- 10- 19 Bradbury Avenue Cos[ To Complete. zls\ Improvements ENG1N££ ft1NG
ENGINEER' S BOND ESTIMATE November 2, 2022
COST TO COMPLETE Job No.: 25504- 56
RIVER ISLANDS- PHASE 2

BRIARSTONE LANE

CITY OF LATHROP, SAN JOAQUIN COUNTY, CALIFORNIA
Item Description Quantity Unit Unit Price Amount
1 Storm Drain Raising Iron( o/ Completion) 1 LS $ 800. 00 $ 800. 00 2 Domestic Water Raising GV' s& Tie- in ( o/ Completion) 1 LS $ 10, 500. 00 $ 10, 500. 00 3 Non Potable Water Raising GV' s& Tie- in ( o% Completion) 1 LS $ 8, 500. 00 $ 8, 500. 00 4 Joint Trench( so/ Completion) 1 LS $ 77, 300. 00 $ 77, 300. 00 5 Concrete( o% Completion) 1 LS $ 246, 200. 00 $ 246, 200. 00 6 Finish Grade, AB 8 AC Paving ( o% Completion) 1 LS $ 385, 200. 00 $ 385, 200. 00 7 Striping& Mounments( o/ Completion) 1 LS $ 9, 500. 00 $ 9, 500. 00 TOTAL COST TO COMPLETE $ 738, 000. 00
Notes:
1) Estimate for cost to complete based on contractor's note for Briarstone Lane dated 11/ 2/ 2022

3. i:.' vF , I::, ac'';.;:. t_., _. L. t. _,.t.,.,,. ....^,: 1,'....' N -, 1..- ikio • ._ W._: i.. d:} • . 3 J.. .. 1"' T: 25504- River Islands\ Phase 86- Phase 2 Del Webb South IP\ Word 8 Exce Cost Estlmate\ Cost to Complete 2022- 10- 19 2022- 10- 19 Bnarstone Lane Cost To Completexls\ Improvements ENGiN£ EK1NG
ENGINEER' S BOND ESTIMATE November 2, 2022
COST TO COMPLETE Job No.: 25504- 62
RIVER ISLANDS- PHASE 2

CALLERTON AVENUE

CITY OF LATHROP, SAN JOAQUIN COUNTY, CALIFORNIA
Item Description Quantity Unit Unit Price Amount
1 Sanitary Sewer Raising Iron& Tie- in at Bridge ( o/ Completion) 1 LS $ 101, 800. 00 $ 101, 800. 00 2 Storm Drain Raising Iron( o% Completion) 1 LS $ 1, 600. 00 $ 1, 600. 00 3 Domestic Water Raising GV' s& Tie- in at Bridge ( o/ Completion) 1 LS $ 78, 500. 00 $ 78, 500. 00 4 Non Potable Water Raising Iron& Tie- in at Bridge ( o/ Completion) 1 LS $ 105, 000. 00 $ 105, 000. 00 5 Lake Fill Line Raising Iron& Tie- in at Bridge ( o/ Completion) 1 LS $ 176, 000. 00 $ 176, 000. 00 6 Joint Trench( 60% Completion) 1 LS $ 778, 700. 00 $ 778, 700. 00 7 Bridge( 0% Completion) 1 LS $ 1, 800, 000. 00 $ 1, 800, 000. 00 8 AC Paving( o% Completion) 1 LS $ 972, 400. 00 $ 972, 400. 00 9 Striping& Mounments( o/ Completion) 1 LS $ 25, 000. 00 $ 25, 000. 00 TOTAL COST TO COMPLETE 5 4, 039, 000. 00
Notes:
1) Estimate for cost to complete based on contractor's note for Callerton Avenue dated 11/ 2/ 2022 7' OG.". ._ lis ar 4= i_.. ... r,,,t? , 1 __ 3:.,_ aS?' v' Q i CJr' f r: H - r' £ b._. o., rG F. C7S', 2 k::..

T: 25504- River Islands\ Phase 62- Phase 2 A Street IP\ Word& Ezce Cost Esfimate\ Cost b Complete 2022- 10- 19 2022- 10- 19 Callerton Avenue Cost To Complete. zls\ Improvemenis NG1N£ EfZ7NG
ENGINEER' S BOND ESTIMATE November 2, 2022
COST TO COMPLETE Job No.: 25504-
RIVER ISLANDS- PHASE 2 83& 84

HARBOR VIEW AVENUE

CITY OF LATHROP, SAN JOAQUIN COUNTY, CALIFORNIA
Item Description Quantity Unit Unit Price Amount
1 Sanitary Sewer Raising Iron( o/ Completion) 1 LS $ 4, 800. 00 $ 4, 800. 00 2 Storm Drain Raising Iron( o/ Completion) 1 LS $ 2, 400. 00 $ 2, 400. 00 3 Domestic Water Raising Iron& Tie- in ( o/ Completion) 1 LS $ 14, 500. 00 $ 14, 500. 00 4 Non Potable Water Raising Iron& Tie- in ( o/ Completion) 1 LS $ 8, 500. 00 $ 8, 500. 00 5 Joint Trench( so% Completion) 1 LS $ 359, 000. 00 $ 359, 000. 00 6 Concrete( o% Completion) 1 LS $ 414, 200. 00 $ 414, 200. 00 7 Finish Grade, AB& AC Paving ( o/ Completion) 1 LS $ 927, 800. 00 $ 927, 800. 00 8 Striping& Mounments( o/ Completion) 1 LS $ 18, 000. 00 $ 18, 000. 00 TOTAL COST TO COMPLETE a 1, 749, 200. 00
Notes:
1) Estimate for cost to complete based on contractor' s note for Harbor View Avenue dated 11/ 2/ 2022 d : i , i._' C";. s.7_ sa..'< fi a_1! i:-, G c . i i4!+. l'v.,: r'+,? r; E. . G G: 5L. 3« r r. 39 l... t,:;H
T: 25504- River Islands\ Phase 83- Phase 2 V llage 40 IP\ Word& Excel\ Cost to Complete 2022- 10- 19 2022- 10- 19 Har6or View Avenue Cost To Complete. zls\ Imp ovements ENG7NE£ f 1NG
ENGINEER' S BOND ESTIMATE November 2, 2022
COST TO COMPLETE Job No.: 25504- 86
RIVER ISLANDS- PHASE 2

HAVERHILL LANE

CITY OF LATHROP, SAN JOAQUIN COUNTY, CALIFORNIA
Item Description Quantity Unit Unit Price Amount
1 Sanitary Sewer Raising Iron( o/ Completion) 1 LS $ 2, 400. 00 $ 2, 400. 00 2 Storm Drain Raising Iron( o% Completion) 1 LS $ 1, 600. 00 $ 1, 600. 00 3 Domestic Water Raising GV' s& Tie- in ( o/ Completion) 1 LS $ 12, 000. 00 $ 12, 000. 00 4 Non Potable Water Raising GV' s& Tie- in ( o/ Completion) 1 LS $ 8, 500. 00 $ 8, 500. 00 5 Lake Fill Line Raising GV' s& Tie- in ( o/ Completion) 1 LS $ 8, 500. 00 $ 8, 500. 00 6 Joint Trench( 60/ Completion) 1 LS $ 222, 000. 00 $ 222, 000. 00 7 Finish Grade, AB& AC Paving ( o/ Completion) 1 LS $ 240, 000. 00 $ 240, 000. 00 8 Striping& Mounments( o% Completion) 1 LS $ 17, 500. 00 $ 17, 500. 00 TOTAL COST TO COMPLETE S 512, 500. 00
Notes:
1) Estimate for cost to complete based on contractor' s note for Haverhill Lane dated 11/ 2/ 2022 t_ ,._ RIC.. E h°' t_ , r:- c_ 3 _.. .,.._. i43" w N ; A';. n8 • £:. h._... aw4G F J9 ai ;:

T: 25504- River IslandslPhase Bfi- Phase 2 Del Webb Soufh IPlWord 8 Eecel\ Cost Estimate\ Cost to Complete 2022- 10- 19 2022- 10- 19 Have hill Lane Cost To Complete. xls\ Improvements ENGINEER' S BOND ESTIMATE November 2, 2022
COST TO COMPLETE Job No.: 25504- 82
RIVER ISLANDS- PHASE 2
WINTON AVENUE 8 ROLL TIDE WAY

CITY OF LATHROP, SAN JOAQUIN COUNTY, CALIFORNIA
Item Description Quantity Unit Unit Price Amount
Sanitary Sewer Raising Iron& Setting SSCO Boxes ( o/ Completion) 1 LS $ 902, 900. 00 $ 902, 900. 00 2 Storm Drain Raising Iron ( o/ Completion) 1 LS $ 1, 746, 400. 00 $ 1, 746, 400. 00 g
Domestic Water Raising Iron& Setting Water Boxes ( o/ Completion) 1 LS $ 1, 508, 100. 00 $ 1, 508, 100. 00 q Recycled Water Raising Iron& Setting Water Boxes ( o% Completion) 1 LS $ 247, 200. 00 $ 247, 200. 00 5 Joint Trench( 60/ Completion) 1 LS $ 677, 100. 00 $ 940, 500. 00 6 Concrete( oi Completion) 1 LS $ 724, 000. 00 $ 724, 000. 00 7 Finish Grade, AB& AC Paving ( o% Completion) 1 LS $ 1, 088, 600. 00 $ 1, 088, 600. 00 g Striping& Monuments ( o/ Completion) 1 LS $ 22, 500. 00 $ 22, 500. 00 TOTAL COST TO COMPLETE $ $ 7, 180, 200. 00
Notes:
1) Estimate for cost to complete based on contractor' s note for Winton Avenue& Roll Tide Way dated 11/ 2/ 2022 T: 25504- River Islands\ Phase 82- Phase 2 Del We6b O(( site BB IP\ Word& Excel\ Estimates\ Cost to Complete 2022- 10- 19 2022- 10- 19 Winton Avenue& Roll Tde Way Cost To Complete. xls\ Improvements Subdivision Improvement Agreement( River Islands Stage 2B, LLC, Califia, LLC, and River Islands Development Area 1, LLC) with the City of Lathrop for Final Map Tract 4149 West Village District

Page 11 of 13 ends

EXHIBIT D
TRACT 4149 ENGINEER' S ESTIMATE FOR

COLLECTOR AND ARTERIAL ROADS
ENG7N£ EfZ1NG
DRAFT ENGINEER'S OPINION OF PROBABLE COST October 27, 2022 PHASE 2 DEL WEBB Job No.: 25504- 86

ADDISON AVENUE

RIVER ISLANDS

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

ROADWAY
1 Fine Grading 118, 300 SF $ 0. 45 $ 53, 235. 00
2 4. 5" AC Paving 63, 700 SF $ 2. 25 $ 143, 325. 00
3 8" Aggregate Base 63, 700 SF $ 1. 20 $ 76, 440. 00
q Vertical Curb and Gutter( with AB cushion) 2, 250 LF $ 25. 00 $ 56, 250. 00 5 Rolled Curb and Gutter( with AB cushion) 1, 660 LF $ 25. 00 $ 41, 500. 00 g Roundabout Curb( with AB cushion) 500 LF $ 15. 00 $ 7, 500. 00 7 Splitter Island Curb ( with AB cushion) 450 LF $ 35. 00 $ 15, 750. 00 8 Roundabout Concrete 4, 280 SF $ 15. 00 $ 64, 200. 00
9 Concrete Sidewalk 15,400 SF $ 6. 00 $ 92, 400. 00
10 Driveway Approach 33 EA $ 600. 00 $ 19, 800. 00
11 Handicap Ramps 14 EA $ 2, 500. 00 $ 35, 000. 00
12 Survey Monuments 7 EA $ 300. 00 $ 2, 100. 00
13 Traffic Signing& Striping 1, 490 LF $ 5. 00 $ 7, 450. 00 14 Dewatering( budget) 1, 490 LF $ 100. 00 $ 149, 000. 00 Subtotal Roadway 763, 950. 00

STORM DRAIN
15 15" Storm Drain Pipe( polypropylene) 190 LF $ 80.00 $ 15, 200. 00 16 18" Storm Drain Pipe( polypropylene) 790 LF $ 90. 00 $ 71, 100. 00 17 24" Storm Drain Pipe ( polypropylene) 500 LF $ 120. 00 $ 60, 000. 00 18 36" Storm Drain Pipe( polypropylene) 140 LF $ 190. 00 $ 26, 600. 00 1g 42" Storm Drain Pipe( RCP) 70 LF $ 330. 00 $ 23, 100. 00 Zp Catch Basins( type 1 inlet over type 1 manhole base) 8 EA $ 6, 500. 00 $ 52, 000. 00 21 Manholes( type I) 3 EA $ 9, 000. 00 $ 27, 000. 00
22 Manholes( type ll) 1 EA $ 14, 000. 00 $ 14, 000. 00
23 Stub& Plug 5 EA $ 1, 000. 00 $ 5, 000. 00
Subtotal Storm Drain 294, 000. 00

SANITARY SEWER
24 8" Sanitary Sewer Pipe 1, 480 LF $ 90. 00 $ 133,200.00 25 18" Sanitary Sewer Pipe 100 LF $ 180. 00 $ 18, 000. 00 26 30" Sanitary Sewer Pipe 80 LF $ 240. 00 $ 19, 200. 00 27 Manholes 4 EA $ 10, 000. 00 $ 40, 000. 00
28 Sewer Service 33 EA $ 2,500.00 $ 82, 500. 00
29 Sewer Stub& Plug 4 EA $ 1, 000. 00 $ 4, 000. 00
Subtotal Sanitary Sewer 296, 900. 00
U„ T`._' K:i'."..''.»'....._, :(. I e 5,,.. GA.:;.+;' d::.}? I. i: k;.t l., ob • r ..._' a b.:. E W} . lc r.;? ... 9:...

T:\ 25504- River Islands\ Phase 86- Phase 2 Del Webb South IP\ Word& Excel\ Cos[ Es[ imate\ Addison Ave Cost Es[ imate( Ph2 Unit Price. zlsx\ Area 2 NGiNE£ f{1NG
Item Description Quantity Unit Unit Price Amount

WATER SUPPLY
30 8" Water Line( including all appurtenances) 1, 020 LF $ 80. 00 $ 81, 600. 00 31 12" Water Line( including all appurtenances) 850 LF $ 120. 00 $ 102, 000. 00 32 GV 12 EA $ 2,600.00 $ 31, 200. 00
33 1- 1/ 2" WaterService 33 EA $ 2, 500. 00 $ 82, 500. 00 34 Fire Hydrants 2 EA $ 11, 000. 00 $ 22, 000. 00
35 Blow- Off 5 EA $ 1, 500. 00 $ 7, 500.00
Subtotal Water 326, 800. 00

NON- POTABLE WATER SUPPLY
36 8" Non- Potable Water Line( including all appurtenances) 1, 320 LF $ 80. 00 $ 105, 600. 00 37 10" Non- Potable Water Line ( including all appurtenances) 310 LF $ 100. 00 $ 31, 000. 00 38 GV 5 EA $ 3, 000. 00 $ 15, 000. 00
39 Blow- Off 3 EA $ 1, 500. 00 $ 4, 500. 00
Subtotal Non- Potable Water 156, 100. 00

LAKE FILL WATER
40 6" Lake Fill Water Line ( including all appurtenances) 100 LF $ 80. 00 $ 8, 000. 00 41 24" Lake Fill Water Line ( including all appurtenances) 240 LF $ 370. 00 $ 88, 800. 00 42 Blow-Off 1 EA $ 9, 500. 00 $ 9, 500. 00
43 Stub& Plug 3 EA $ 3, 500. 00 $ 10, 500. 00
Subtotal Lake Fill Water 116, 800. 00
SUBTOTAL CONSTRUCTION COST $ 1, 954, 550. 00
20% CONTINGENCY $
TOTAL CONSTRUCTION COST( nearest$ 7, 000) $ 1, 955, 000. 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, landscaping, irrigation, or street trees. 3) This estimate assumes all of the Del Webb backbone streets are constructured at the same time and ahead of any other in- tract street improvements.
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DRAFT ENGINEER' S OPINION OF PROBABLE COST October 27, 2022 PHASE 2 DEL WEBB Job No.: 25504- 86

BRADBURY AVENUE

RIVER ISLANDS

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

ROADWAY
1 Fine Grading 64, 200 SF $ 0. 45 $ 28, 890. 00
2 4. 5" AC Paving 30, 300 SF $ 2. 25 $ 68, 175. 00
3 8" Aggregate Base 30, 300 SF $ 1. 20 $ 36,360. 00
4 Vertical Curb and Gutter( with AB cushion) 250 LF $ 25. 00 $ 6, 250. 00 5 Rolled Curb and Gutter( with AB cushion) 1, 650 LF $ 25. 00 $ 41, 250. 00 6 Concrete Sidewalk 10, 300 SF $ 6.00 $ 61, 800. 00
7 Driveway Approach 26 EA $ 600. 00 $ 15, 600. 00
8 Handicap Ramps 2 EA $ 2, 500. 00 $ 5, 000. 00
9 Survey Monuments 3 EA $ 300. 00 $ 900. 00
10 Traffic Signing& Striping 1, 100 LF $ 5.00 $ 5, 500. 00 11 Dewatering( budget) 1, 100 LF $ 100. 00 $ 110, 000. 00 Subtotal Roadway 379, 725. 00

STORM DRAIN
2 15" Storm Drain Pipe (polypropylene) 140 LF $ 80. 00 $ 11, 200. 00 13 18" Storm Drain Pipe ( polypropylene) 570 LF $ 90. 00 $ 51, 300. 00 14 42" Storm Drain Pipe ( RCP) 30 LF $ 330. 00 $ 9, 900.00 15 48" Storm Drain Pipe( RCP) 190 LF $ 350. 00 $ 66, 500. 00 16 Catch Basins( type 1 inlet over type 1 manhole base) 6 EA $ 6, 500. 00 $ 39, 000. 00 17 Catch Basins( type 1 inlet over type lli manhole base) 2 EA $ 18, 000. 00 $ 36,000. 00 18 Storm Drain Stub& Plug 1 EA $ 1, 000. 00 $ 1, 000. 00 19 Connect to Existing 2 EA $ 2, 000. 00 $ 4, 000. 00
Subtotal Storm Drain 218, 900. 00

SANITARY SEWER
20 8" Sanitary Sewer Pipe 820 LF $ 90. 00 $ 73, 800. 00 21 Manholes( type I) 3 EA $ 10, 000. 00 $ 30,000. 00
22 Sewer Service 26 EA $ 2, 500. 00 $ 65, 000. 00
Subtotal Sanitary Sewer 168, 800. 00

WATER SUPPLY
23 8" Water Line( including all appurtenances) 3, 180 LF $ 80. 00 $ 254, 400. 00 24 GV 4 EA $ 2, 600. 00 $ 10, 400. 00
25 1- 1/ 2" Water Service 26 EA $ 2, 500. 00 $ 65, 000. 00 26 Fire Hydrants 2 EA $ 11, 000.00 $ 22, 000.00
27 Blow- Off 1 EA $ 1, 500. 00 $ 1, 500. 00
Subtotal Water 353, 300. 00
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Item Description Quantity Unit Unit Price Amount

NON- POTABLE WATER
2g 8" Non- Potable Water Line ( including all appurtenances) 990 LF $ 80. 00 $ 79, 200. 00 Subtotal Non- Potable Water 79, 200. 00

LAKE FILL LINE
2g 24" Lake Fill Line ( including all appurtenances) 230 LF $ 370. 00 $ 85, 100. 00 30 Stub& Plug 1 EA $ 3, 500. 00 $ 3,500. 00
31 ConnecttoExisting 1 EA $ 11, 500. 00 $ 11, 500. 00
Subtotal Lake Fill Line 100, 100. 00
SUBTOTAL CONSTRUCTION COST $ 1, 300, 025. 00
20°/a CONTINGENCY $
TOTAL CONSTRUCTION COST( nearest$ 1, 000) $ 1, 301, 000. 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, landscaping, irrigation, or street trees. 3) This estimate assumes all of the Del Webb backbone streets are constructured at the same time and ahead of any other in- tract street improvements.
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DRAFT ENGINEER' S OPINION OF PROBABLE COST October 27, 2022 PHASE 2 DEL WEBB Job No.: 25504- 86

BRIARSTONE LANE

RIVER ISLANDS

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

ROADWAY
1 Fine Grading 121, 800 SF $ 0. 45 $ 54, 810. 00
2 4. 5" AC Paving 88,400 SF $ 2. 25 $ 198, 900. 00
3 8" Aggregate Base 88,400 SF $ 1. 20 $ 106, 080. 00
4 Vertical Curb and Gutter( with AB cushion) 2, 020 LF $ 25. 00 $ 50, 500. 00 5 Rolled Curb and Gutter( with AB cushion) 90 LF $ 25. 00 $ 2, 250. 00 g Type F Median Curb( with AB cushion) 2, 180 LF $ 30. 00 $ 65, 400. 00 7 Concrete Sidewalk 16, 300 SF $ 6. 00 $ 97, 800. 00
8 Driveway Approach 3 EA $ 600.00 $ 1, 800. 00
9 Handicap Ramps 6 EA $ 2, 500. 00 $ 15, 000. 00
10 Survey Monuments 2 EA $ 300. 00 $ 600. 00
11 Traffic Signing& Striping 1, 060 LF $ 5.00 $ 5, 300. 00 2 Dewatering ( budget) 1, 060 LF $ 100. 00 $ 106, 000. 00 Subtotal Roadway 704,440.00

STORM DRAIN
13 15" Storm Drain Pipe( polypropylene) 490 LF $ 80. 00 $ 39, 200. 00 14 18" Storm Drain Pipe( polypropylene) 150 LF $ 90. 00 $ 13, 500. 00 15 30" Storm Drain Pipe( polypropylene) 30 LF $ 150. 00 $ 4, 500. 00 16 48" Storm Drain Pipe( RCP) 1, 000 LF $ 350. 00 $ 350, 000.00 7 Catch Basins( type I inlet over type I manhole base) 3 EA $ 6, 500. 00 $ 19, 500. 00 18 Catch Basins( type 1 inlet over type Ili manhole base) 3 EA $ 18, 000.00 $ 54, 000. 00 g Catch Basins( type C inlet over type 1 manhole base) 5 EA $ 6, 000. 00 $ 30, 000. 00 2p Manholes( type lil) 1 EA $ 18, 000. 00 $ 18, 000. 00 21 Stub& Plug 4 EA $ 1, 000.00 $ 4, 000. 00
Subtotal Storm Drain 532, 700. 00

WATER SUPPLY
22 8" Water Line( including all appurtenances) 1, 170 LF $ 80. 00 $ 93, 600. 00 23 GV 4 EA $ 2, 600. 00 $ 10, 400.00
24 Fire Hydrants 3 EA $ 11, 000. 00 $ 33, 000. 00
25 Blow-Off 3 EA $ 1, 500. 00 $ 4, 500. 00
Subtotal Water 141, 500. 00

NON- POTABLE WATER
26 8" Non- Potable Water Line( including all appurtenances) 990 LF $ 35. 00 $ 34, 650. 00 36 Stub and Plug 1 EA $ 1, 000. 00 $ 1, 000. 00
Subtotal Non- Potable Water 35, 650. 00
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Item Description Quantity Unit Unit Price Amount
SUBTOTAL CONSTRUCTION COST $ 1, 414, 290. 00
20% CONTINGENCY $
TOTAL CONSTRUCTION COST( nearest$ 1, 000) $ 1, 415, 000. 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, landscaping, irrigation, or street trees. 3) This estimate assumes all of the Del Webb backbone streets are constructured at the same time and ahead of any other in- tract street improvements.
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ENGINEER' S PRELiMINARY COST ESTIMATE October 27, 2022
RIVER ISLANDS Job No.: 25504-
HARBOR VIEW AVENUE 84& 85

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

ROADWAY
1 Fine Grading 143, 600 SF $ 0.45 $ 64, 620. 00
2 4. 5" AC Paving 71, 600 SF $ 2. 25 $ 161, 100. 00
3 8" Aggregate Base 71, 600 SF $ 1. 20 $ 85, 920. 00
4 Vertical Curb and Gutter( with AB cushion) 3, 150 LF $ 25. 00 $ 78, 750. 00 5 Rolled Curb and Gutter( with AB cushion) 900 LF $ 25. 00 $ 22, 500. 00 6 Type F Median Curb( with AB cushion) 210 LF $ 30. 00 $ 6, 300. 00 7 Concrete Sidewalk 31, 700 SF $ 6. 00 $ 190, 200. 00
8 Driveway Approach 21 EA $ 600.00 $ 12, 600. 00
9 Handicap Ramps 10 EA $ 2, 500. 00 $ 25, 000. 00
10 Survey Monuments 6 EA $ 300. 00 $ 1, 800. 00
11 Traffic Signing& Striping 2, 030 LF $ 5. 00 $ 10, 150. 00 Z Dewatering ( budget) 2, 030 LF $ 100. 00 $ 203, 000. 00 Subtotal Roadway 861, 940. 00

STORM DRAIN
13 15" Storm Drain Pipe( polypropylene) 70 LF $ 80. 00 $ 5, 600. 00 14 24" Storm Drain Pipe ( polypropylene) 260 LF $ 120. 00 $ 31, 200.00 15 30" Storm Drain Pipe ( polypropylene) 150 LF $ 150. 00 $ 22, 500. 00 16 36" Storm Drain Pipe ( polypropylene) 810 LF $ 190.00 $ 153, 900. 00 7 48" Storm Drain Pipe (RCP) 960 LF $ 350. 00 $ 336, 000. 00 18 Catch Basins( type 1 inlet over type 1 manhole base) 4 EA $ 6, 500. 00 $ 26, 000. 00 19 Catch Basins( type I inlet over type 11 manhole base) 3 EA $ 13, 000. 00 $ 39, 000. 00 2p Catch Basins( type 1 inlet over type 111 manhole base) 5 EA $ 18, 000. 00 $ 90, 000. 00 21 Catch Basins( type C inlet) 4 EA $ 4,000. 00 $ 16, 000. 00 22 Manholes( type ll) 1 EA $ 14, 000. 00 $ 14, 000. 00
23 Manholes( type lll) 4 EA $ 18, 000. 00 $ 72, 000. 00 24 Strom Drain Stub& Plug 1 EA $ 1, 000. 00 $ 1, 000. 00 25 Connect to Existing 1 EA $ 2, 000. 00 $ 2, 000. 00
Subtotal Storm Drain 809, 200. 00

SANITARY SEWER
26 8" Sanitary Sewer Pipe 2, 160 LF $ 90. 00 $ 194, 400. 00 27 10" Sanitary Sewer Pipe 50 LF $ 130. 00 $ 6, 500. 00 2g Manholes( type 1) 7 EA $ 10, 000. 00 $ 70, 000. 00
29 Sewer Service 21 EA $ 2, 500. 00 $ 52, 500. 00
30 Sewer Stub& Plug 4 EA $ 1, 000. 00 $ 4, 000.00
31 Connect to Existing 1 EA $ 3, 500. 00 $ 3, 500. 00
Subtotal Sanitary Sewer 330, 900. 00
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Item Description Quantity Unit Unit Price Amount

WATER SUPPLY
32 8" Water Line ( including all appurtenances) 2,400 LF $ 80.00 $ 192, 000. 00 33 GV 16 EA $ 2, 600. 00 $ 41, 600. 00
34 1- 1/ 2" Water Service 21 EA $ 2, 500. 00 $ 52, 500. 00 35 Fire Hydrants 4 EA $ 11, 000. 00 $ 44, 000. 00
36 Blow-Off 4 EA $ 1, 500. 00 $ 6, 000. 00
37 Connect to Existing 1 EA $ 7, 000. 00 $ 7, 000. 00
Subtotal Water 343, 100. 00

NON- POTABLE WATER
3g 10" Non- Potable Water Line ( including all appurtenances) 2, 040 LF $ 100. 00 $ 204, 000. 00 39 Blow-Off 1 EA $ 1, 500. 00 $ 1, 500. 00
40 Connect to Existing 1 EA $ 7, 500.00 $ 7, 500. 00
Subtotal Non- Potable Water 213, 000. 00
SUBTOTAL CONSTRUCTION COST $ 2, 558, 140. 00
20% CONTINGENCY $
TOTAL CONSTRUCTION COST( nearest$ 1, 000) $ 2, 559, 000. 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, landscaping, irrigation, or street trees. 3) This estimate assumes Harbot View Avenue from Village 40& 41 improvement plans is constructured at the same time and ahead of any other in- tract street improvements.

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DRAFT ENGINEER'S OPINION OF PROBABLE COST October 27, 2022 PHASE 2 DEL WEBB Job No.: 25504- 86

HAVERHILL LANE

RIVER ISLANDS

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

ROADWAY
1 Fine Grading 121, 200 SF $ 0. 45 $ 54, 540. 00
2 4. 5" AC Paving 76, 900 SF $ 2. 25 $ 173, 025. 00
3 8" Aggregate Base 76, 900 SF $ 1. 20 $ 92, 280. 00
4 Vertical Curb and Gutter( with AB cushion) 2, 330 LF $ 25. 00 $ 58, 250. 00 5 Concrete Sidewalk 18, 200 SF $ 6. 00 $ 109, 200. 00
6 Handicap Ramps 6 EA $ 2, 500. 00 $ 15, 000. 00
7 Survey Monuments 3 EA $ 300. 00 $ 900. 00
8 Traffic Signing & Striping 1, 180 LF $ 5. 00 $ 5, 900. 00 g Dewatering( budget) 1, 180 LF $ 100. 00 $ 118, 000. 00 Subtotal Roadway 627, 095. 00

STORM DRAIN
10 15" Storm Drain Pipe( polypropylene) 440 LF $ 80. 00 $ 35, 200. 00 11 18" Storm Drain Pipe( polypropylene) 90 LF $ 90. 00 $ 8, 100.00 Z 24" Storm Drain Pipe( polypropylene) 620 LF $ 120. 00 $ 74, 400. 00 13 Catch Basins( type I inlet over type 1 manhole base) 7 EA $ 6, 500. 00 $ 45, 500.00 14 Catch Basins( rype C inlet) 1 EA $ 4, 000. 00 $ 4, 000. 00 15 Manholes( rype 1) 1 EA $ 9, 000. 00 $ 9, 000. 00
16 Storm Drain Stub& Plug 3 EA $ 1, 000. 00 $ 3, 000. 00 17 Connect to Existing 1 EA $ 2, 000. 00 $ 2, 000.00
Subtotal Storm Drain 181, 200. 00

SANITARY SEWER
18 8" Sanitary Sewer Pipe 80 LF $ 90.00 $ 7, 200. 00
19 12" Sanitary Sewer Pipe 70 LF $ 150. 00 $ 10, 500. 00 20 30" Sanitary Sewer Pipe 610 LF $ 240. 00 $ 146, 400. 00 21 Manhole( Trunk) 3 EA $ 14, 000. 00 $ 42, 000. 00
22 Sewer Stub& Plug 3 EA $ 1, 000. 00 $ 3, 000. 00
23 Connect to Existing 1 EA $ 3, 500. 00 $ 3, 500. 00
Subtotal Sanitary Sewer 212, 600. 00

WATER SUPPLY
24 8" Water Line( including all appurtenances) 50 LF $ 80. 00 $ 4, 000. 00 25 12" Water Line( including all appurtenances) 1, 210 LF $ 120. 00 $ 145, 200. 00 26 GV 6 EA $ 2, 600. 00 $ 15, 600. 00
27 Fire Hydrants 3 EA $ 11, 000. 00 $ 33, 000. 00
28 Blow- Off 3 EA $ 1, 500. 00 $ 4, 500. 00
29 Connect to Existing 1 EA $ 7, 000. 00 $ 7, 000. 00
Subtotal Water 209, 300. 00
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Item Description Quantity Unit Unit Price Amount

NON- POTABLE WATER
30 8" Non- Potable Water Line( including all appurtenances) 1, 120 LF $ 80. 00 $ 89, 600. 00 31 Blow-Off 1 EA $ 1, 500. 00 $ 1, 500. 00
32 Connect to Existing 1 EA $ 7, 500.00 $ 7, 500. 00
Subtotal Water 98, 600. 00

LAKE FILL WATER
33 24" Lake Fill Water Line( including all appurtenances) 520 LF $ 370. 00 $ 192, 400. 00 34 Blow- Off 1 EA $ 9, 500. 00 $ 9, 500.00
35 Lake Fill Stub& Plug 1 3, 500. 00 $ 3, 500.00
36 ConnecttoExisting 1 EA $ 11, 500. 00 $ 11, 500. 00
Subtotal Lake Fill Water 216, 900. 00
SUBTOTAL CONSTRUCTION COST $ 1, 545, 695. 00
20% CONTINGENCY $
TOTAL CONSTRUCTION COST( nearest$ 1, 000) $ 1, 546, 000. 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, landscaping, irrigation, or street trees. 3) This estimate assumes all of the Del Webb backbone streets are constructured at the same time and ahead of any other in- tract street improvements.
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DRAFT ENGINEER' S OPINION OF PROBABLE COST October 28, 2022 RIVER ISLANDS- PHASE 2 Job No.: 25504- 62

CALLERTON AVENUE

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

STREET WORK
1 Fine Grading 541, 800 SF $ 0. 45 $ 243, 810. 00
2 4. 5" AC Paving 348, 400 SF $ 2. 25 $ 783, 900. 00
3 8" Aggregate Base 348, 400 SF $ 1. 20 $ 418, 080. 00
4 Vertical Curb and Gutter( with AB cushion) 10, 700 LF $ 25. 00 $ 267, 500. 00 5 Type F Median Curb( with AB cushion) 6, 700 LF $ 30. 00 $ 201, 000. 00 6 Concrete Sidewalk 83, 500 SF $ 6. 00 $ 501, 000. 00
7 Driveway Approach EA $ 600. 00 $
8 Handicap Ramps 18 EA $ 2, 500. 00 $ 45, 000. 00
9 Sunrey Monuments 8 EA $ 300. 00 $ 2, 400. 00
10 Traffic Striping& Signage 5, 810 LF $ 5. 00 $ 29, 050. 00 11 Dewatering( budget) 5, 810 LF $ 100. 00 $ 581, 000. 00 Subtotal Street Work 3, 072, 740. 00

STORM DRAIN
12 Catch Basins( rype A inlet) 10 EA $ 4, 500. 00 $ 45, 000. 00 13 Catch Basins( type A inlet over type I manhole base) 16 EA $ 6, 000. 00 $ 96, 000. 00 14 Catch Basins( type A inlet overtype ll manhole base) 2 EA $ 13, 000. 00 $ 26, 000. 00 15 15" Storm Drain Pipe( polypropylene) 2, 110 LF $ 80. 00 $ 168, 800. 00 16 18" Storm Drain Pipe( polypropylene) 540 LF $ 90. 00 $ 48, 600. 00 17 24" Storm Drain Pipe( polypropylene) 1, 670 LF $ 120. 00 $ 200, 400. 00 18 30" Storm Drain Pipe( polypropylene) 180 LF $ 150. 00 $ 27, 000. 00 19 36" Storm Drain Pipe( polypropylene) 280 LF $ 190. 00 $ 53, 200. 00 20 48" Storm Drain Pipe( RCP) 50 LF $ 350. 00 $ 17, 500. 00 21 Manholes( type I) 1 EA $ 9, 000. 00 $ 9, 000. 00
22 Manholes( type ll) 2 EA $ 14, 000. 00 $ 28, 000. 00
23 Connect to Existing EA $ 2, 000. 00 $
24 Storm Drain Stub& Plug 5 EA $ 1, 000. 00 $ 5, 000.00 25 Storm Drain Outfall 3 EA $ 5, 000. 00 $ 15, 000. 00
Subtotal Storm Drain 739, 500. 00
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Item Description Quantity Unit Unit Price Amount

SANITARY SEWER
26 4" Sanitary Sewer Force Main Pipe( PVC) 1, 960 LF $ 70. 00 $ 137, 200. 00 27 4" Sanitary Sewer Force Main Pipe( DIP) 190 LF $ 250. 00 $ 47, 500. 00 28 8" Sanitary Sewer Force Main Pipe( PVC) 1, 960 LF $ 90. 00 $ 176, 400. 00 29 8" Sanitary Sewer Force Main Pipe( DIP) 190 LF $ 350. 00 $ 66, 500. 00 30 8" Sanitary Sewer Pipe( PVC) 520 LF $ 90. 00 $ 46, 800. 00 31 12" Sanitary Sewer Pipe( PVC) 30 LF $ 150. 00 $ 4, 500. 00 32 18" Sanitary Sewer Pipe 3, 000 LF $ 180. 00 $ 540, 000. 00 33 30" Sanitary Sewer Pipe 210 LF $ 240. 00 $ 50, 400. 00 34 Manholes( type I) 2 EA $ 10, 000. 00 $ 20, 000. 00
35 Manholes( trunk) 11 EA $ 14, 000. 00 $ 154, 000. 00
36 Manholes( drop) 1 EA $ 10, 000. 00 $ 10, 000. 00
37 Connect to Existing 2 EA $ 3, 500. 00 $ 7, 000. 00
38 Sanitary Sewer Stub& Plug 7 EA $ 1, 500. 00 $ 10, 500. 00 39 4" EBAA Expansion Joint° 2 EA $ 7, 807. 35 $ 15, 614. 70 40 8" EBAA Expansion Joint° 2 EA $ 7, 807. 35 $ 15, 614. 70 Subtotal Sanitary Sewer 1, 302, 029. 40

WATER SUPPLY
41 8" Water Line( including all appurtenances) ( PVC) 390 LF $ 80. 00 $ 31, 200. 00 42 12" Water Line( including all appurtenances) ( PVC) 5, 200 LF $ 120. 00 $ 624, 000. 00 43 12" Water Line( including all appurtenances) ( DIP) 100 LF $ 370. 00 $ 37, 000. 00 44 Fire Hydrants 12 EA $ 11, 000. 00 $ 132, 000. 00
45 Blow Off Valve 10 EA $ 7, 500. 00 $ 75, 000.00
46 Air Release Valve 4 EA $ 4, 000. 00 $ 16, 000. 00
47 8" Resilient Gate Valve 5 EA $ 2, 600. 00 $ 13, 000. 00 48 12" Resilient Gate Valve 21 EA $ 4, 500. 00 $ 94, 500. 00 49 Connect to Existing 1 EA $ 7, 000. 00 $ 7, 000. 00
50 Water Stub& Plug 6 EA $ 1, 500. 00 $ 9, 000. 00
51 12" EBAA Expansion Joint° 2 EA $ 7, 807. 35 $ 15, 614. 70 Subtotal Water Supply 1, 054, 314. 70

NON- POTABLE WATER
52 8" Non- Potable Water Line( including all appurtenances) ( PVC) 100 LF $ 80. 00 $ 8, 000. 00 53 10" Non- Potable Water Line( including all appurtenances) ( PVC) 2, 500 LF $ 100. 00 $ 250, 000. 00 54 16" Non- Potable Water Line( including all appurtenances) ( PVC) 2, 800 LF $ 150. 00 $ 420, 000. 00 55 16" Non- Potable Water Line( including all appurtenances)( DIP) 100 LF $ 470. 00 $ 47, 000. 00 56 Blow Off Valve 10 EA $ 7, 500. 00 $ 75, 000. 00
57 Air Release Valve 5 EA $ 4, 000. 00 $ 20, 000. 00
58 8" Resilient Gate Valve 1 EA $ 3, 000. 00 $ 3, 000. 00 59 10" Resilient Gate Valve 6 EA $ 3, 500. 00 $ 21, 000. 00 60 16" Butterfly Valve 3 EA $ 7, 500. 00 $ 22, 500. 00
61 Connect to Existing 1 EA $ 7, 500. 00 $ 7, 500. 00
62 Non- Potable Water Stub& Plug 4 EA $ 1, 500. 00 $ 6, 000. 00 63 16" EBAA Expansion JointS 2 EA $ 16, 800. 35 $ 33, 600. 70 Subtotal Non- Potable Water 913, 600. 70
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T: 25504- River Islands\ Phase 62- Phase 2 A Street IP\ Word& Excel\ Cost EstimateW STREET COST ESTIMATE( Ph2 Unit Prices). xlsx P. STREET ENG7N££ fi1NG
Item Description Quantity Unit Unit Price Amount
SUBTOTAL CONSTRUCTION COST $ 7, 082, 184. 80
20% CONTINGENCY $
TOTAL CONSTRUCTION COST( nearest$ 1, 000) $ 7, 083, 000. 00 Notes:
1) This estimate does not include surveying, engineering, landscaping, dry utilities, irrigation, or street trees. 2) Unit prices are based on estimated current construction costs and no provision for inflation is included. 3) Mobilization assumed to be 8% of construction cost.
4) Unit price per Mozingo Construction.
5) This estimate does not include bridge structures, footings, and surface improvements.

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DRAFT ENGINEER' S OPINION OF PROBABLE COST October 28, 2022 WINTON AVENUE& ROLL TIDE WAY Job No.: 25504- 82
PHASE 2

RIVER ISLANDS

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

STREET WORK
1 Fine Grading 310, 400 SF $ 0. 45 $ 139, 680. 00
2 4. 5" AC Paving 142, 400 SF $ 2. 25 $ 320,400. 00
3 8" Aggregate Base 142, 400 SF $ 1. 20 $ 170, 880. 00
4 Vertical Curb and Gutter( with AB cushion) 6, 910 LF $ 25. 00 $ 172, 750. 00 5 Median Curb( with AB cushion) 3, 725 LF $ 30. 00 $ 111, 750. 00 6 Concrete Sidewalk 75, 870 SF $ 6. 00 $ 455, 220. 00
7 Driveway Approach 1 EA $ 600. 00 $ 600. 00
8 Handicap Ramps 10 EA $ 2, 500. 00 $ 25, 000. 00
9 Survey Monuments 11 EA $ 300. 00 $ 3, 300. 00
10 Traffic Striping& Signage 3, 520 LF $ 5. 00 $ 17, 600. 00 11 Dewatering( budget) 3, 520 LF $ 100. 00 $ 352, 000. 00 Subtotal Street Work 1, 769, 180. 00

STORM DRAIN
12 Catch Basins( type 1 inlet) 12 EA $ 4, 500. 00 $ 54, 000. 00 13 Catch Basins( type I inlet over type I manhole base) 1 EA $ 6, 500. 00 $ 6, 500. 00 14 Catch Basins( type 1 inlet over type II manhole base) 6 EA $ 13, 000. 00 $ 78, 000. 00 15 Catch Basins( type I inlet over type 111 manhole base) 4 EA $ 18, 000. 00 $ 72, 000. 00 16 Field Inlet( type C inlet) 2 EA $ 4, 000. 00 $ 8, 000.00 17 Field Inlet( type C inlet over type ll manhole base) 2 EA $ 13, 000. 00 $ 26, 000. 00 18 Field Inlet( type C inlet over type lll manhole base) 2 EA $ 18, 000. 00 $ 36, 000. 00 19 15" Storm Drain Pipe( polypropylene) 1, 250 LF $ 80. 00 $ 100, 000. 00 20 18" Storm Drain Pipe( polypropylene) 35 LF $ 90. 00 $ 3, 150. 00 21 24" Storm Drain Pipe( polypropylene) 445 LF $ 120. 00 $ 53,400. 00 22 30" Storm Drain Pipe( polypropylene) 610 LF $ 150. 00 $ 91, 500. 00 23 36" Storm Drain Pipe( polypropylene) 500 LF $ 190. 00 $ 95, 000. 00 24 42" Storm Drain Pipe( class lll RCP) 660 LF $ 330. 00 $ 217,800. 00 25 48" Storm Drain Pipe( class lll RCP) 540 LF $ 350. 00 $ 189, 000. 00 26 54" Storm Drain Pipe( class lll RCP) 710 LF $ 550. 00 $ 390, 500. 00 27 60" Storm Drain Pipe( class lll RCP) 35 LF $ 750. 00 $ 26,250. 00 28 Manholes( type Il) 1 EA $ 14, 000. 00 $ 14, 000. 00
29 Storm Drain Stub& Plug 7 EA $ 1, 000.00 $ 7,000. 00
30 Connect to Existing 2 EA $ 2, 000. 00 $ 4,000. 00
Subtotal Storm Drain 1, 472, 100. 00

SANITARY SEWER
31 8" Sanitary Sewer Pipe 240 LF $ 90. 00 $ 21, 600. 00 32 18" Sanitary Sewer Pipe 3, 250 LF $ 180. 00 $ 585, 000. 00 33 Manholes 9 EA $ 10, 000. 00 $ 90, 000. 00
34 Connect to Existing 2 EA $ 3, 500. 00 $ 7,000.00
Subtotal Sanitary Sewer 703, 600. 00
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WATER SUPPLY
35 8" Water Line( including all appurtenances) 280 LF $ 80. 00 $ 22, 400. 00 36 12" Water Line( including all appurtenances) 460 LF $ 120. 00 $ 55,200.00 37 20" Water Line( including all appurtenances) 3, 210 LF $ 230. 00 $ 738, 300. 00 38 Fire Hydrants 13 EA $ 11, 000. 00 $ 143, 000. 00
39 20" Butterfly Valve 5 EA $ 12, 000. 00 $ 60, 000. 00 40 Water Stub& Plug 10 EA $ 1, 500. 00 $ 15, 000. 00
41 Connect to Existing 2 EA $ 7, 000. 00 $ 14, 000. 00
Subtotal Water Supply 1, 047, 900. 00

NON POTABLE WATER SUPPLY
42 6" Non Potable Water Line( including all appurtenances) 150 LF $ 80. 00 $ 12, 000. 00 43 16" Non Potable Water Line( including all appurtenances) 3, 330 LF $ 150. 00 $ 499, 500. 00 44 16" Butterfly Valve 8 EA $ 7, 500. 00 $ 60, 000. 00
45 Non Potable Water Stub& Plug 2 EA $ 1, 500. 00 $ 3, 000. 00 46 Connect to Existing 2 EA $ 7, 500. 00 $ 15, 000. 00
Subtotal Water Supply 589, 500. 00

RECYCLED WATER SUPPLY
47 16" Recycled Water Line( including all appurtenances) 1, 160 LF $ 170. 00 $ 197, 200. 00 48 16" Butterfly Valve 3 EA $ 9, 500. 00 $ 28, 500. 00
49 Recycled Water Stub& Plug 1 EA $ 2, 700. 00 $ 2, 700. 00 50 Connect to Existing 1 EA $ 8, 500. 00 $ 8, 500. 00
Subtotal Water Supply 236, 900. 00
SUBTOTAL CONSTRUCTION COST $ 5,819, 180. 00
JOINT TRENCH ( BY OTHERS) $ 1, 567, 500. 00
TOTAL CONSTRUCTION COST( nearest$ 1, 000) $ 7,386, 680. 00 Notes:
1) This estimate does not include surveying, engineering, landscaping, dry utilites, irrigation, or street trees. 2) Unit prices are based on estimated current construction costs and no provision for inflation is included. 3) LC, EVAC and RFL utilities are by others and are not included in this estimate.

T: 25504- River Islands\ Phase 82- Phase 2 Del Webb Oflsite BB IP1Word 8 Excel\ Estimates\ Phase 2 P Street& Winton Avenue Engineer' s Estimate( Ph2 Unit Prices). xlsx

ATTACCHMENT

JOINT ESCROW INSTRUCTIONS

RECORDATION OF FINAL MAPS

RIVER ISLANDS AT LATHROP)
November 14, 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 Phase 2, Area 1 Large Lot Final Map 4149; Escrow No. 1614021877
Dear Lori:

This letter constitutes the joint escrow instructions (" Escrow Instructions") of River Islands Development Area 1, LLC, a Delaware limited liability company (" R/DA1") and the City of Lathrop (" City') in connection with the above- referenced escrow (" Escro'). 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 RIDA1 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 31, 2022, at the time designated in writing by RIDA1, subject to satisfaction of the conditions set forth below ( each a Closin'). 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 RIDA1 for recordation in the Official Records of San Joaquin County, California (" Officia/ Records'').

B. 1. One original Large Lot Final Map for Tract 4149, executed and acknowledged by the City ( provided to title by City).

The document listed in Item B. 1 above is referred to as the " Recordation Documents." The date on which the Recordation Documents are recorded in the Official Records is the Recordation Date.

C. 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:

C. 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) Sandra Lewis ( slewis@ci. lathrop. ca. us), and 1 JOINT ESCROW INSTRUCTIONS

RECORDATION OF FINAL MAPS

RIVER ISLANDS AT LATHROP)
have confirmation ( by telephone or email) from Susan Dell' Osso and Brad Taylor that the Settlement Statement is accurate and acceptable;
C. 2. You have not received any instructions contrary to these Escrow Instructions;
C. 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; C. 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; C. 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 Brad Taylor at the email addresses set forth above; and C. 6. You have received confirmation ( by email or other writing) from Susan Dell' Osso and Stephen Salvatore or Brad Taylor to record the Recordation Documents and complete the Transaction.

D. 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:

D. 1. Date the Recordation Documents to be recorded;
D. 2. Record the Recordation Documents in the Official Records; D. 3. Pay the costs associated with the Transaction;
D. 4. Refund any funds delivered to you by RIDA1 that are not disbursed at the time of the final Closing pursuant to these Escrow Instructions to the following entity and address:

River Islands Development Area 1, LLC
73 W. Stewart Road
Lathrop, CA 95330
Attn: Susan Dell' Osso
D. 5. Notify Susan Dell' Osso ( sdellosso@riverslands. com), Debbie Belmar ( dbelmar@riverislands. com), Brad Taylor ( btaylor@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@siqov. orq) of the completion of the Transaction;
2 JOINT ESCROW INSTRUCTIONS

RECORDATION OF FINAL MAPS

RIVER ISLANDS AT LATHROP)
D. 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 Development Area 1, LLC, 73 W. Stewart Road, Lathrop, CA 95330; and ( 2) Salvador Navarrete, 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.

E. 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.

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 Development Area 1, LLC
3 JOINT ESCROW INSTRUCTIONS

RECORDATION OF FINAL MAPS

RIVER ISLANDS AT LATHROP)

ESCROW INSTRUCTIONS
ACKNOWLEDGEMENT AND AGREEMENT:

Receipt of the foregoing Escrow Instructions from RIDA1 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 RIDA1 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:
4

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