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Resolution 07707CITY OF ALAMEDA RESOLUTION NO, 7707 AUTHORIZING EXECUTION OF AGREEMENT FOR CONSTRUCTION AND COMPLETION OF IMPROVEMENTS IN CONNECTION WITH PARCEL MAP NO. 654 AND APPROVING FAITHFUL PERFORMANCE BOND AS TO SUFFICIENCY (DIVISION OF PROPERTY AT THE SOUTHEAST CORNER OF OTIS DRIVE AND FOUNTAIN STREET -- SCHMIDT & GRAVATT) WHEREAS, pursuant to Section 11 -319.1 of the Alameda Municipal Code, there has been pre- sented to this Council a Parcel Map, designated Parcel Map No. 654, and heretofore conditionally approved by the Planning Board, being a division of the property located at the southeast corner of Otis Drive and Fountain Street, in the City of Alameda, by Schmidt & Gravatt; and WHEREAS, said approval by the Planning Board is conditioned upon the execution by subdivider of an agreement to construct and complete certain public improvements on said property; and WHEREAS, said subdivider has entered into such an agreement and has posted its bond guarantee - and faithful performance of said work, all in accordance with said section; 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 the construction and completion of the improvements in the division of property located at the southeast corner of Otis Drive and Fountain Street, designated as Parcel Map No. 654, by Schmidt & Gravatt, 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 $21,600.00, guaranteeing full and faithful performance of said contract, is hereby approved as sufficient in amount. I, the undersigned, hereby certify that the foregoing Resolution was duly and regularly introduced and adopted by the Council of the City of Alameda in regular meeting assembled on the 15th day of December, 1970, by the following vote, to wit: AYES: Councilmen Levy, Longaker, McCall and President Le Croix, Jr., (4). NOES: None. ABSENT: Councilman Fore, (1). IN WITNESS WHEREOF, I have hereunto set ev hand and affixed the official seal of said City this 15th day of December, 1970. (SEAL) IRMA L. NELSON City Clerk of the City of Alameda I hereby certify that the foregoing is a full, true and correct copy of "City of Alameda Resolution No. 7707, AUTHORIZING EXECUTION OF AGREEMENT FOR CONSTRUCTION AND COMPLETION OF IMPROVEMENTS IN CONNECTION WITH PARCEL MAP NO. 654 AND APPROVING FAITHFUL PERFORMANCE BOND AS TO SUFFICIENCY (DIVISION OF PROPERTY AT THE SOUTHEAST CORNER OF OTIS DRIVE AND FOUNTAIN STREET -- SCHh1IDT & GRAVATT)," introduced and adopted by the Council of the City of Alameda on the 15th day of December, 1970. City Clerk of the City of Alameda