Resolution 11804CITY OF ALAMEDA RESOLUTION NO. 11804
AUTHORIZING EXECUTION OF AGREEMENT FOR CONSTRUCTION
AND COMPLETION OF IMPROVEMENTS IN CONNECTION WITH
SUBDIVISION TRACT 6096 AND APPROVING BONDS AS TO
SUFFICIENCY ( ALAMEDA MARINA VILLAGE PACIFIC MARINA)
WHEREAS, pursuant to Article 1, Chapter 3, Title XI of
the Alameda Municipal Code, Alameda Real Estate Investments, a
California limited partnership, owner and subdivider herein, has
prepared and presented to this Council the Final Map of the
Subdivision known as Tract 6096; and
WHEREAS, subdivider has entered into an agreement to
construct and complete the improvements in said subdivision, has
filed the final map therefor for approval at this time, and has
agreed to post a set -aside letter at the time of obtaining
financing for said improvements, 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 a set -aside letter in the
amount of $300,000, guaranteeing full and faithful performance of
the subdivider's said public improvements construction contract,
is hereby approved as sufficient in amount.
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 15th of August, 1989,
by the following vote to wit:
AYES: Councilmembers Arnerich, Camicia, Thomas,
Withrow 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 16th day of
August, 1989.
City (.Clerk of the City of Alameda