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Resolution 10387CITY OF ALAMEDA RESOLUTION NO. 10387 AUTHORIZING EXECUTION OF AGREEMENT FOR CONSTRUCTION AND COMPLETION OF IMPROVEMENTS IN CONNECTION WITH SUBDIVISIONS 5217 AND 5218 AND APPROVING BONDS AS TO SUFFICIENCY (BRITTANY LANDING, PONDEROSA HOMES, SUBDIVIDER) WHEREAS, pursuant to Article 1, Chapter 3, Title XI of the Alameda Municipal Code, Ponderosa Homes, a California general partnership, owner and subdivider herein, has prepared and pre- sented to this Council the Final Maps of the subdivisions known as Tracts 5217 and 5218; and WHEREAS, subdivider has entered into an agreement to con- struct and complete the improvements in said subdivisions, has filed the Final Maps 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 agree- ment. 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 subdivisions, 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. LL BE IT FURTHER RESOLVED that the bonds in the sums of $473,000, guaranteeing full and faithful performance of the subdivider's said public improvements construction contract, are hereby approved as sufficient in amount. I, the undersigned, hereby 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 17th of July, 1984, by the following vote to wi t : 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 18th day of July, 1984. City Clerk of the Cif% of Kameda