CITY OF MANTECA
IMPROVEMENT AGREEMENT
* * * * * * REFERENCE DATA * * * * * *
NAME OF DEVELOPMENT: MACHADO RANCH - UNIT 3 (TRACT NO. 4225) DEVELOPER(S) INFORMATION: JEN California 34, Inc.
1478 Stone Point Drive, Suite 530
Roseville, CA 95661
CITY COUNCIL RESOLUTION
OF APPROVAL NO. (“Resolution of Approval” herein)
IMPROVEMENTS: See Schedule A
ESTIMATED TOTAL COST OF IMPROVEMENTS: $ 8,322,646.75
(based on Engineer’s Cost Estimate in Schedule A)
-Faithful Performance Bond = 100% Total Improvements: $ 8,297,146.75 -Labor & Materials Bond = 50% Total Improvements: $ 4,148,573.38 -Monumentation Bond: $ 25,500.00
FORM OF IMPROVEMENT SECURITY: [ ] Corporate surety bonds [ ] Deposit of money or negotiable bonds
[ ] Other:
NAME AND ADDRESS OF CORPORATE
SURETY (if applicable):
(Name of Corporate Entity)
(Street Address)
(City) (State) (Zip)
SURETY BOND NUMBERS (if applicable):
EFFECTIVE DATE OF AGREEMENT:
(to be inserted by City)
COMPLETION PERIOD: ONE (1) YEAR OR AS DETERMINED BY CITY
ENGINEER
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