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RESOLUTION 2012 -011 <br />RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF LOS GATOS <br />APPROVING FINAL MAP OF TRACT NO. 10110 LOCATED AT <br />16213 LOS GATOS BLVD (FORMER HONDA SITE) <br />ACCEPTING THE DEDICATIONS ANDAUTHORIZING <br />THE TOWN MANAGER TO SIGN THE CONTRACT <br />WHEREAS, on November 15, 2011, the Development Review Committee of the Town <br />of Los Gatos approved the Tentative Map Application M -11 -012, with conditions; and <br />WHEREAS, those conditions required the Owner or Subdivider to do the following; <br />1. That prior to the delivery of said Map to the Owner of said subdivision, and prior to its <br />recordation, the Owner or Subdivider of said subdivision shall enter into and execute an <br />agreement between the Town of Los Gatos and the said Owner or Subdivider on that <br />certain proposed Subdivision Agreement on file in the Office of the Town Clerk, entitled, <br />"Contract for the Improvement of Tract No. 10110 — 16213 Los Gatos Blvd (Honda <br />Site) ", wherein the Owner or Subdivider in consideration of the approval of said Map by <br />the Town and acceptance by the Town of the dedication of lands for public use therein <br />contained, shall agree to construct and complete, within the time specified in said <br />agreement, all street and other improvements required of Owner or Subdivider under the <br />provisions in Chapter 27 of the Code of the Town of Los Gatos, and such other street, <br />sewer, or other improvements designated or mentioned in said agreement and /or and as <br />specified in the Plans and Specifications for the Improvement of Tract No. 10110. <br />2. That said Owner or Subdivider shall, before the release of said Final Map to Owner of <br />Record, and as a condition precedent to the recordation thereof, furnish to the Town and <br />file with the Town Clerk cash, or a good and sufficient bond in form to be approved by <br />the Town Attorney, securing the faithful performance by said Owner or Subdivider of all <br />work, and the construction of all improvements herein in this agreement mentioned, and <br />within the time herein specified, the amount of cash or said bond to be three hundred <br />sixty six thousand one hundred sixty six and 00 /100 Dollars ($366,166.00). <br />That said Owner or Subdivider shall, before the release of said Final Map to Owner of <br />Record, and as a condition precedent to the recordation thereof, furnish to the Town and <br />file with the Town Clerk cash, or a good and sufficient bond in form to be approved by <br />the Town Attorney, securing the labor and materials for all work, the amount of cash or <br />said bond to be three hundred sixty six thousand one hundred sixty six and 00 /100 <br />Dollars ($366,166.00). <br />4. That said Owner or Subdivider shall, before the release of said Final Map to Owner of <br />Record, and as a condition precedent to the recordation thereof, furnish to the Town and <br />file with the Town Clerk cash, or a good and sufficient bond in form to be approved by <br />the Town Attorney, securing the median landscape maintenance work, the amount of <br />cash or said bond to be five thousand two hundred and 00 /100 Dollars ($5,200.00). <br />