Resolution 10169CITY OF ALAMEDA RESOLUTION NO. 10169
AUTHORIZING EXECUTION OF SUBDIVIDER'S AGREEMENT FOR
TRACT 4545 WITH DRIFTWOOD INVESTORS TO INCORPORATE
ALL THE TERMS OF THE ORIGINAL SUBDIVIDER'S AGREEMENT
AS ADJUSTED AND TO EXTEND THE TIME FOR COMPLETION
OF IMPROVEMENTS
WHEREAS, on November 18, 1980, this Council approved the
Final Map of Tract 4545, a condominium conversion of property
located at Willow Street and Otis Drive, authorized the execution
of a subdivision improvements agreement and approved bonds as
to sufficiency; and
WHEREAS, on November 16, 1982, this Council authorized
execution of an agreement with the owners of the property to
permit the substitution of a Memorandum of Agreement in lieu of
the bonding requirement for the subdivision improvements; and
WHEREAS, the property has recently been purchased by Drift-
wood Investors, a California limited partnership; and
WHEREAS, said owners desire to enter into a Subdivider's
Agreement for Tract 4545 which incorporates all the terms of the
original Subdivider's Agreement as adjusted with the alternate
arrangement to guarantee completion of required improvements and
extends the time to complete improvements until November 18, 1985;
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY
OF ALAMEDA that the City Manager and the City Clerk are hereby
authorized to execute and attest to, respectively, on behalf of
the City of Alameda, a Subdivider's Agreement for Tract 4545 with
Driftwood Investors which incorporates all the terms of the
original subdivider's agreement as adjusted and extends the time
for completion of improvements until November 18, 1985.
This is to 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 4th of October, 1983,
by the following vote to wit:
AYES: Councilmembers Gorman, Hanna, Lucas, Monsef and President Diament - 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 October, 1983.
City Clerk of the City of A1..geda