Resolution 08795CITY OF ALAMEDA RESOLUTION NO. 8795
AUTHORIZING EXECUTION OF AGREEMENTS FOR CONSTRUCTION
OF PUBLIC IMPROVEMENTS IN SUBDIVISION TRACT 3645
AND APPROVING BONDS AS TO SUFFICIENCY
WHEREAS, Harbor Bay I.leAssociates, a partnership com-
prised of Doric :Development, Inc., a California corporation, and
Bay Farm Island, Inc., a Nevada corporation, presented to the
Council of the City of Alameda for approval a Final Map of sub -
division Tract 3645 and on August 2, 1977, by its Resolution
No. 8767 said Council approved said Final map, authorized execution
of an agreement for construction and completion of public improve-
ments in said subdivision, approved faithful performance and labor
and material bonds as sufficient in amount and accepted various
easements and parcels of land dedicated and granted to the public
and to the City of Alameda; and
WHEREAS, Harbor Bay Isle Associates subsequently sold a
portion of the land included in the Final Map for Tract 3645 to
Kaiser Aetna, a partnership„ for development; and
WHEREAS, Kaiser Aetna has accepted responsibility for and
agrees to construct and bond certain public improvements at
$1,622,000 provided for in the Final Map and Improvement Plan
for Tract 3645; and
WHEREAS, Harbor Bay Isle Associates will be responsible for
and agree to construct and bond public improvements valued at
$3,156,500 provided for in the Final Map and Improvement Plan
for Tract 3645; and
WHEREAS,- Kaiser Aetna and Harbor Bay Isle Associates desir
to enter into new agreements with the City specifying the nature
and extent of the public improvements each is to construct in
subdivision Tract 3645;
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF TEE CITY
OF ALAMEDA that an agreement with Kaiser Aetna and an agreement
with Harbor Bay Isle Associates for construction and completion
of the improvements in said subdivision, and all the terms and
conditions therein, be and hereby are approved, and the City
Manager and the City Clerk are authorized and directed to execute
and attest to, respectively, said agreements on behalf of the
City of Alameda.
BE IT FURTHER RESOLVED that the bonds of, Kaiser Aetna in
the total sum of $1,622,000, and the bonds of Harbor Bay Isle`'
Associates in the total sum' of $3,156,500, guaranteeing full and
faithful performance of the subdivider's and the developer's said
public improvements construction contracts, are hereby approved
as sufficient in amount.
BE IT FURTHER RESOLVED e,:i:ty of Alameda hereby
agrees to terminate and cancel the original agreement with Harbor
Bay Isle Associates, dated August 3, 1977 and effect a novation
of all rights, duties and obligations under the original agree-
ment.
I, the undersigned, hereby certify that the foregoing Resolution was duly
and regularly introduced and adopted by the Council of the City of Alameda in
regular meeting assembled on the 20th day of September, 1977, by the following
vote, to wit:
AYES: Councilmen Beckam, Sherratt, Tillman and Vice President Diament, (4).
NOES: None.
ABSENT: President Corica, (1).
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official
seal of said City this 21st day of September, 1977.