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Resolution 09065CITY OF ALAMEDA RESOLUTION NO, 9065 AUTHORIZING EXECUTION OF AGREEMENT WITH LELAND V. AND SHIRLEY M. THOMPSON FOR CONSTRUCTION OF PUBLIC IMPROVEMENTS AS SHOWN ON PARCEL MAP 2468 AND APPROVING CASH DEPOSIT AS TO SUFFICIENCY; AND AUTHORIZING EXECUTION OF AGREEMENT WITH JOHN F. AND BILLIE JANE PRICE TO TERMINATE AND CANCEL ORIGINAL AGREEMENT FOR PARCEL MAP 2468 PUBLIC IMPROVEMENTS WHEREAS, John F. Price and Billie Jane Price presented to the City of Alameda for approval Parcel Map 2468 and on July 6, 1978, by its Resolution No. 8940, said Council approved said Parcel Map, authorized execution of an agreement for construction and completion of public improvements in said subdivision, and approved faithful performance bonds as sufficient in amount; and WHEREAS, John F. and Billie Jane Price subsequently sold the property included in Parcel Map 2468 to Leland V. Thompson and Shirley M. Thompson; and WHEREAS, Leland V. and. Shirley M. Thompson have accepted responsibility for and agree to construct and bond all public improvements provided for in said Parcel Map 2468; and WHEREAS, John F. and Billie Jane Price desire to terminate and cancel the Original Agreement and Leland V. and Shirley M. Thompson desire to enter into an agreement with the City specify- ing the nature and extent of the public improvements and the period within which it will complete construction of the public improve- ments; NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ALAMEDA that an agreement with Leland V. and Shirley M. Thompson for construction and completion of the improvements as shown on Parcel Map 2468, and all the terms and conditions therein, 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 an agreement with John F. and Billie Jane Price terminating and cancelling the original agree- ment 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 cash deposit in the amount of $5,178.00, guaranteeing full and faithful performance of the public improvements construction contract, is hereby approved as sufficient in amount. 1, the unde was duly and regu Cit.)/ of Alameda 1979, by the foil rsigned, hereby certify that the foregoing Resolution larly introduced and adopted by the Council of th n regular meeting assembled on the 20th day of h owing vote, to wit: c President Corica, (5)- NOES: None. ABSENT: None. IN WITNESS WHEREOF, 1 have hereunto set my hand and affixed the Official seal Of said CitY this 21st day of March, 1979.