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Resolution 11070CITY OF ALAMEDA RESOLUTION NO. 11070 AUTHORIZING EXECUTION OF AGREEMENT FOR CONSTRUCTION AND COMPLETION OF IMPROVEMENTS IN CONNECTION WITH SUBDIVISION TRACT 4495 AND APPROVING BONDS AS TO SUFFICIENCY (DORIC DEVELOPMENT, INC., SUBDIVIDER) WHEREAS, pursuant to Article 1, Chapter 3, Title XI of the Alameda Municipal Code, Doric Development. Inc., a California corporation, owner and subdivider herein, has prepared and presented to this Council the Final Map of the Subdivision known as Tract 4495; and WHEREAS, subdivider has entered into an agreement to construct and complete the improvements in said subdivision, has filed the Final Map therefor 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 vr execute and attest to, respectively, said agreement on behalf of the City of Alameda. BE IT FURTHER RESOLVED that the bonds in the sum of $2,976,000, 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 16th of December, 1986, by the following vote to wit: AYES: Councilmembers Corica, 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 17th day of December, 1986. City ,glerk of the City of Alameda