SCHEDULE "B"

SCHEDULE OF SECURITY RELEASE

WATERWORKS

At such time as this work has been completed less
tie-ins, flushed, hydrostatically tested, disinfected
and finally flushed to the City's standard, 90% of the
amount required as security for waterworks installation
will be released, less 10% to cover as-constructed
drawings if these have not been completed.

SANITARY PUMP STATIONS

At such time as this work has been completed (with the
exception of raising manhole frames and grates) 90% of
the amount required as security for sanitary sewer
installation will be released, less 10% te cover
as~-constructed drawings if these have not been

completed.

ROADS, LANES

At such time as the road work has been completed with
the exception of hot mix pavement, 50% of the amount
required as security will be released. At such time as
all the road work has been completed with the exception
of the final lift of hot mix pavement, 70% of the
amount required will be released less 10% to cover
as~-constructed drawings if these have not been
completed. At such time as all of the road work has
been completed, 90% of the amount required will be
released.

CURB & GUTTER

At such time as this work has been completed, 90% of
the amount required will be released, less 10% to cover
as-constructed drawings if these have not been
completed.

CSM/3jg/4395/CSM19