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Resolution 09384CITY OF ALAMEDA RESOLUTION NO, 9384 AUTHORIZING EXECUTION OF AGREEMENT FOR CONSTRUCTION AND COMPLETION OF IMPROVEMENTS IN CONNECTION WITH SUBDIVISION TRACT 4374 AND APPROVING BONDS AS TO SUFFICIENCY (PARK WEBSTER CONDOMINIUM CONVERSION) WHEREAS, Pursuant to Article 1, Chapter 3, Title XI of the Alameda Municipal Code, Park Webster Associates, a Cali- fornia Limited Partnership, subdivider herein, has prepared and presented to this Council the Final Map of the subdivision known as Tract 4374; and WHEREAS, said Subdivider has entered into an agreement to construct and compl ete the imProvements in said subdivision, has filed the Final Map thereof for approval at this time, and has posted its bonds guaranteeing full and faithful performance of said work, all in accordance with said Article; and WHEREAS, it will be to the advantage and benefit of the City to have said work performed in accordance with said agreement; NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ALAMEDA that the agreement for construction and completion of the Public improvements in said subdivision, and all its terms and conditions be, and hereby is approved, and the City Manager and the City Clerk are authorized and directed to execute and attest to, respectively, said agreement on behalf of the City of Alameda. BE IT FURTHER RESOLVED that the bonds in the sums of - $980,000, guaranteeing full and faithful performance of the sub - divider's said public improvements construction contract, are hereby approved as sufficient in amount. FeS * * * * * * I, the uhuersigned, hereby certify that th foregoing Resolution was duly and regularly adopted and passed by the Council of the City of Alameda in regular meeting assembled on the 16th day of September, 1980, by the following vote, to wit: AYES: Councilmen Sherratt, Stone, and Tillman - 3. NOES: President Corica - 1. ABSENT: Councilman'Diament - 1. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of said City this 17th day of September, 1980.