Resolution 09398CITY OF ALAMEDA RESOLUTION NO, 9398
AUTHORIZING EXECUTION OF AGREEMENT FOR CONSTRUCTION
AND COMPLETION OF IMPROVEMENTS IN CONNECTION WITH
SUBDIVISION TRACT 4307 AND APPROVING BONDS AS TO
SUFFICIENCY (HARBOR BAY ISLE, VILLAGE I NORTH)
WHEREAS, pursuant to Article 1, Chapter 3, Title XI of
the Alameda Municipal Code, Dividend Development Corporation,
a California corporation, subdivider herein, has prepared and
presented to this Council the Final Map of the subdivision
known as Tract 4307; and
WHEREAS, said Subdivider has entered into an agreement
to construct and compleLe the improvements in said subdivision,
has filed the Final Map thereof for approval at this time, and
has posted its bonds 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 bonds in the sums of
$1,100,000, guaranteeing full and faithful performance of the
subdivider's said public improvements construction contract, are
hereby approved as sufficient in amount.
T, the undersigned, hereby certify that the foregoing
Resolution was duly and regularly adopted and passed hv the
Council of the City of Alameda in a special meeting assembled
on the 28th of October, 1980, by the following vote, to wit:
AYES: Councilmen Diament, Sherratt, Stone, Tillman and
President Corjca - 5.
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NOES: N0ne,
ABSENT: None.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed
the official seal of said City this 29th day of October, 1980,