1982-107-Approving And Accepting Final Map Of Tract No. 7297RESOLUTION N0. 1982 -107
RESOLUTION APPROVING AND ACCEPTING
FINAL MAP OF TRACT NO. 7297
RESOLVED, that that certain Final Map of Tract No. 7297 in the Town of Los
Gatos, dated January, 1982, and prepared by MacKay & Somps, Civil Engineers,
for Valley Title Company, A Corporation, Owners of Record of said subdivision,
heretofore approved by the Town Engineer of the Town of Los Gatos, is hereby
approved, 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 owners or subdividers of said
subdivision shall enter into and execute an agreement between the Town of Los
Gatos and the said owners or subdividers on that certain proposed Subdivision
Agreement on file in the Office of the Town Clerk, entitled, "Contract for the
Improvement of Tract No. 7297 and Concerning Dedication of Streets, Los Gatos,
California ", wherein the Owners or Subdividers 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 of Chapter 27 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 in and as specified in the Plans and
Specifications for Tract 7297.
That said Owners or Subdividers 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 Owners or Subdividers of all work, and the cnstruction of
all improvements herein in this agreement mentioned, and within the time herein
specified, the amount of cash or said bond to be Five Hundred Sixty Six
Thousand and One Hundred and Thirteen ($566,113.00) Dollars.
3. That said Owners or Subdividers 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
Five Hundred Thousand ($500,000.00) Dollars for each person, and One Million
($1,000,000000) Dollars for each accident or occurrence, and property damage
coverage of Two Hundred Thousand ($200,000.00) 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 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 Owners or Subdividers of all things
required to be done in the abovementioned agreement between said Owners or
Subdividers and the Town of Los Gatos.
PASSED AND ADOPTED at a reEular meeting of the Town Council of the
Town of Los Gatos held on 7th day of June 1982 by
the following vote:
AYES: COUNCIL MEMBERS Ruth Cannon, Thomas J. Ferrito, Marlyn J.
Rasmussen, Brent N. Ventura and Peter W. Siemens
NOES: COUNCIL MEMBERS None
ABSTAIN: COUNCIL MEMBERS None
ABSENT: COUNCIL MEMBERS None
SIGNED:
ATTEST:
CLERK OF THE TOWN OF LO ATOS