Resolution 10780CITY OF ALAMEDA RESOLUTION NO. 10780
AUTHORIZING EXECUTION OF SUBDIVIDER'S AGREEMENT
FOR TRACT 4545 WITH CB ASSOCIATES TO INCORPORATE
ALL THE TERMS OF THE ORIGINAL SUBDIVIDER'S
AGREEMENT AS ADJUSTED AND TO EXTEND THE TIME FOR
COMPLETION OF IMPROVEMENTS
WHEREAS, on November 18, 1980, this Council approved the
Final Map of Tract 4545, a condominium conversion of property
located at Willow Street and Otis Drive, authorized the execution
of a subdivision improvements agreement and approved bonds as to
sufficiency; and
WHEREAS, on November 16, 1982, this Council authorized
execution of an agreement with the owners of the property to
permit the substitution of a Memorandum of Agreement in lieu of
the bonding requirement for the subdivision improvements; and
WHEREAS, in 1983 the property was sold and on October 4,
1983, this Council authorized execution of an agreement with the
new owners and an extension of time for completion of the
improvements; and
WHEREAS, the property has recently been purchased by CB
Associates, a California joint venture comprised of Summerhill
Investors, Artnat Investors, Oceanside Investors, La Costa
Investors, Driftwood Investors, all California limited
partnerships, and Driftwood Group, Inc., a California
corporation; and
WHEREAS, said owners desire to enter into a Subdivider's
Agreement for Tract 4545 which incorporates all the terms of the
original Subdivider's Agreement as adjusted with the alternate
arrangement to guarantee completion of required improvements and
\\\ extends the time to complete improvements to November 18, 1987;
NOW, THEREFORE, BE IT RESOLVED by the Council of the City
of Alameda that the City Manager and the City Clerk are hereby
authorized to execute and attest to, respectively, on behalf of
the City of Alameda, a Subdivider's Agreement for Tract 4545 with
CB Associates which incorporates all the terms of the original
subdivider's agreement as adjusted and extends the time for
completion of improvements until November 18, 1987.
I, the undersigned, hereby certify that the foregoing Resolution
was duly and regularly adopted and passed by the Council of the
City of Alameda in regular meeting assembled on the 19th of November, 1985,
by the following vote to wit:
AYES: Councilmernbers Corica, Hanna, Lucas, Monsef and President Diament - 5.
NOES: None.
ABSENT: None.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the
official seal of said City this 20th day of November, 1985.
City C1 er'k of the City of Alameda