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Resolution 11488CITY OF ALAMEDA RESOLUTION NO. 11488 AUTHORIZING EXECUTION OF AGREEMENT FOR CONSTRUCTION AND COMPLETION OF IMPROVEMENTS IN CONNECTION WITH PARCEL MAP NO. 5382, AND APPROVING SUFFICIENCY OF DEPOSIT IN LIEU OF BONDS (888 OAK STREET) WHEREAS, pursuant to Article 1, Chapter 3, Title XI of the Alameda Municipal Code, Leroy W. and Sherry D. Marston and David P. and Teresa P. Hannahs, owners and subdividers herein, have prepared and presented to this Council Parcel Map No. 5382 (888 Oak Street); and WHEREAS, subdividers have entered into an agreement to construct and complete the improvements in said subdivision, have filed the Parcel Map therefor for approval at this time, and have deposited, in lieu of bonds, funds 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 deposit of $2,500, in lieu of bonds, guaranteeing full and faithful performance of the subdivider's said public improvements construction contract, is LIJ hereby approved as sufficient in amount. REVISED 6/24/88 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 21st of June, 1988, by the following vote to wit: AYES: Councilmembers Camicia, Haugner, Monsef, Thomas and President Corica - 5. NOES: None. ABSENT: None. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of said City this 22nd day of June, 1988. r 444 City Clerk of the City of Alameda