Resolution 08883CITY OF ALAMEDA RESOLUTION NO. 8883
AUTHORIZING EXECUTION OF AGREEMENTS FOR CONSTRUCTION
OF PUBLIC IMPROVEMENTS IN SUBDIVISION TRACT 3713
AND APPROVING BONDS AS TO SUFFICIENCY (HARBOR BAY
ISLE ASSOCIATES, SUBDIVIDER - BEDFORD/L.I.R. NUMBER
ONE, DEVELOPER)
WHEREAS, Harbor Bay Isle Associates, a partnership comprised
of Doric Development, Inc., a California corporation, and Bay Farm
Island, Inc., a Nevada corporation, presented to the Council of the
City of Alameda for approval a Final Map of subdivision Tract 3713
and on July 5, 1977, by its Resolution No. 8747 said Council
approved said Final Map, authorized execution of an agreement for
construction and completion of public improvements in said sub-
division, approved faithful performance and labor and material
bonds as sufficient in amount and accepted various easements,
access rights and a parcel of land dedicated and granted to the
public and to the City of Alameda; and
WHEREAS, Harbor Bay Isle Associates subsequently sold a
portion of the land included in the Final Map and Improvement Plans
for Tract 3713 to Bedford/L.I.R. Number One a partnership whose
general partners are Bedford Associates, Inc., a corporation,
and Lafayette Investment Research, a limited partnership, for
development; and
WHEREAS, Bedford/L.I.R. Number One has accepted responsi-
bility for and agrees to construct and bond certain public
improvements valued at $148,424.00, provided for in the Final Map
and Improvement Plans for Tract 3713; and
WHEREAS, Harbor Bay Isle Associates will be responsible for
and agrees to construct and bond certain public improvements
valued at $241,576.00, provided for in the Final Map and Improve-
ment Plans for Tract 3713; and
WHEREAS, Bedford/L.I.R. Number One and Harbor Bay Isle
Associates desire to enter into new agreements with the City
specifying the nature and extent of the public improvements each
is to construct in subdivision Tract 3713;
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY
OF ALAMEDA that an agreement with Bedford/L.I.R. Number One and an
agreement with Harbor Bay Isle Associates for construction and
completion of the improvements in said subdivision, and all the
terms and conditions therein, be and hereby are approved, and the
City Manager and the City Clerk are authorized and directed to
execute and attest to, respectively, said agreements on behalf of
the City of Alameda.
BE IT FURTHER RESOLVED that the bonds of Bedford L.IcR.
Number One in the total sum of $148,424,00, and the bonds of
Harbor Bay Isle Associates in the total sum of $241,576.00, guaran-
teeing full and faithful performance of the subdivider's and
developer's said public improvements construction contracts, are
hereby approved as sufficient in amount.
BE IT FURTHER RESOLVED that the City of Alameda hereby
agrees to terminate and cancel the original agreement with Harbor
Bay Isle Associates, dated July 6, 1977 and effect a novation of
all rights, duties and obligations under the original agreement.
1, 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 4th day of April,
1978, by the following vote, to wit:
AYES: Councilmen Beckam, Diament, Sherratt, Tillman,
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 5th day of April, 1978.
City Clerk of the City o