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CITYOF COLTON AGREEMENT FOR CONSTRUCTION OF IMPROVEMENTS TRACT NO. 16322 WHEREAS, the undersigned, Tract 16322, LLC. a California Limited Liability Company whose business address is 21385 Hill Road, Grand Terrace, California 92324 herein referred to as "Subdivider/Developer" has submitted to the City of Colton for its approval a Final Map of subdivision designated as Tract No. 16322 which map was prepared by Joseph E. Bonadiman & Associates Inc. WHEREAS, the Subdivider/Developer has not completed all of the work, or made all of the improvements required by Subdivision Ordinance 1520 of the City of Colton requiring construction of improvements in conjunction with land division, subdivisions, and the like, hereinafter collectively referred to as said ordinance, and WHEREAS, Subdivider/Developer desires to enter into an agreement providing for the completion of the work and the making of the improvements and to furnish security for the performance of this agreement in accordance with the provisions of said ordinance; NOW, THEREFORE, in consideration of the approval of said Final Map by the City, and as a condition of such approval, the Subdivider/Developer promises and agrees at his own expense to do all of the work and improvements, without limitation by enumeration, consists of. • Street improvement plans • Water improvement plans • Sewer improvement plans • Storm Drain improvement plans • Landscape plans • Grading plans The above enumeration of items is understood to be only a general designation of the work and improvements, and not a binding description thereof. All of said work shall be done and improvements made and completed which are shown on and in strict compliance with applicable plans and specifications, and any subsequent alterations thereto, which alterations in said plans and specifications and the work to be performed may be accomplished without first giving prior notice thereof to the surety; provided, however, in the event the estimate cost of any changes or alterations in said work exceeds 10% of the surety shall be obtained, and absent such consent, the surety's obligations shall not then exceed the cost of improvements to be constructed under the said originally approved plans prior to said alteration; provided, further, in no event shall such charge result in exonerating the surety's obligations. Such work shall be completed and improvements made within one year from the date of this agreement, unless such time be extended by the City upon written application of the Subdivider/Developer. Such application shall be made substantially in the form attached hereto. It is understood that by providing security for this agreement the surety consents in advance to