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1993-009-Approving Final Map Of Tract No. 8556RESOLUTION 1993 -9 RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF LOS GATOS APPROVING FINAL MAP OF TRACT NO. 8556 BE IT RESOLVED, that the certain Final Map of Tract No. 8556 in the Town of Los Gatos, dated August, 1992, and prepared by Guiliani and Kull, for approval by the Town Engineer of the Town of Los Gatos, is hereby approved; the Mayor is hereby authorized to sign the agreement with the developers; and all offers of land for public use therein made on said Map are hereby accepted subject to the following conditions: 1. That prior to the delivery of said Map to the owners of said subdivision, and prior to its recordation, the owner or subdivider of said subdivision shall enter into and execute an agreement between the Town of Los Gatos and the said owners or subdivider on that certain proposed Subdivision Agreement on file in the Office of the Town Clerk, entitled, "Contract for the Improvement of Tract No. 8556 ", wherein the Owners or Subdivider in consideration of the approval of said Map by the Town and acceptance by the Town of the dedication of lands for public use therein contained, shall agree to construct and complete, within the time specified in said agreement, all street and other improvements required of Owners under the provisions in Chapter 24 of the Code of the Town of Los Gatos, and such other street, sewer, or other improvements designated or mentioned in said agreement and /or and as specified in the Plans and Specifications for Tract 8556. 2. That said Owners or Subdivider shall, before the release of said Final Map to Owners of Record, and as a condition precedent to the recordation thereof, furnish to the Town and file with the Town Clerk cash, or a good and sufficient bond in form to be approved by the Town Attorney, securing the faithful performance by said Owner or Subdivider of all work, and the construction of all improvements herein in this agreement mentioned, and within the time herein specified, the amount of cash or said bond to be Ten thousand five hundred and No /100 Dollars. 3. That said Owner or Subdivider shall, before the release of said Final Map to Owners of Record, and as a condition precedent to the recordation thereof, furnish to the Town and file with the Town Clerk certificates or policies of public liability and property damage insurance in form satisfactory to the Town Attorney, providing public liability insurance in the amount of One Million ($1,000,000.00) Dollars for each person, and One Million ($1,000,000.00) Dollars for each accident or occurrence, and property damage coverage of Five Hundred Thousand ($500,000.00) Dollars whereby the Town of Los Gatos, and in their capacity as such, its Council members, officers, boards, commissions, and its employees will be insured, indemnified, and held harmless from any and all claims of any kind or nature arising or resulting from the construction of said improvements or other work of subdividing within or outside the said subdivision, and /or arising or resulting from or concerning the doing or failing to do so by said Owner or Subdivider of all things required to be done in the above mentioned agreement between said Owner or Subdivider and the Town of Los Gatos. PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of Los Gatos, California, held on the 4th day of January, 1993, by the following vote: COUNCIL MEMBERS: AYES: Randy Attaway, Steven Blanton, Linda Lubeck, Patrick O'Laughlin, Mayor Joanne Benjamin NAYS: None ABSENT: None ABSTAIN: None SIGNED: OR OF THE TOWN O OS GATOS L S GATOS, CALIFORNIA ATTEST: CLERK OF THE TOWN OF LOS GATOS LOS GATOS, CALIFORNIA