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Resolution 09896CITY OF ALAMEDA RESOLUTION NO. 9896 AUTHORIZING EXECUTION OF AGREEMENT FOR CONSTRUCTION AND COMPLETION OF IMPROVEMENTS IN CONNECTION WITH PARCEL MAP NO. 3854 AND APPROVING FAITHFUL PERFORMANCE BOND AS TO SUFFICIENCY (A DIVISION OF LOTS 32 THRU 35, BLOCK 1, TRACT 3904, PONDEROSA HOMES, SUBDIVIDER) WHEREAS, pursuant to Section 11-319.1 of the Alameda Municipal Code, there has been presented to this Council a Parcel Map, designated Parcel Map No. 3854, and heretofore conditionally approved by the Planning Board, being a resubdivision of Lots 32 through 35 of Tract 3904 to create two parcels and a street connecting Sea Bridge and island Drive on Bay Farm Island in the City of Alameda, by Ponderosa Homes, a partnership, subdivider; and WHEREAS, said approval by the Planning Board is conditioned upon the subdivider constructing and completing certain public improvements on said property; and WHEREAS, it will be to the benefit of the City to have said work performed in accordance therewith; NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ALAMEDA that the agreement for construction and completion of the improvements in the subdivision of property located along the west side of Island Drive south of Bridgeway Road, designated as Parcel Map No 3854, with Ponderosa Homes be and the same hereby is approved and the City Manager is authorized and directed to execute, and the City Clerk to attest, said agreement on behalf of the City; and BE IT FURTHER RESOLVED that the bond in the sum of $76,000, guaranteeing full and faithful performance of said agreement, is hereby approved as sufficient in amount. J., the undersigned, herehy certify that the foregoing Resolution duly and regularly adopted and passed by the Council of the City Of Alameda in regular meeting•assembleidon the 5th of October, 1982, by the following vote to wit: AYES: Councilmen Diament, Gorman, Sherratt, Stone and President Coric - 5. NOES: None. ABSENT: None. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of said City this 6th day of OCtober, 1982.