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1978-159-Approving And Accepting Final Map Of Tract No. 6418RESOLUTION N0, 1978 -159 RESOLUTION APPROVING AND ACCEPTING FINAL MAP OF TRACT NO. 6418 BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF LOS GATOS: That that certain Final Map of Tract No. 6398 in the Town of Los Gatos, dated June, 1.978, and prepared by Brad Honholt for American National Development Corporation, Owner /s 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 Owner /s of said Subdivision and prior to its recordation, the Owner /s, or Subdivider /s of said Subdivision shall enter into and execute an Agreement between the Town of Los Gatos and the said Owner /s or Subdivider /s on that certain proposed Subdivision Agreement on file in the office of the Town Clerk, entitled, "Contract for the Improvement of Tract No. 641811, wherein the Owner /s or Subdivider /s 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 Owner /s under the provisions of Ordinance No. 715 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 No. 6418. 2. That said Owner /s or Subdivider /s shall, before the release of said Final Map to Owner /s 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 -1- and sufficient bond in form to be approved by the Town Attorney, securing the faithful performance by said Owner /s or Subdivider /s 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 One Hundred Forty -five Thousand ($145,000.00) Dollars. 3. That said Owner /s or Subdivider /s shall, before the release of said Final Map to Owner /s 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 isr urance in the amounts of Five Hundred Thousand ($500,000.00) Dollars for each person and One Million ($1,000,000.00) 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 councilmen, 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 /s or Subdivider /s of all things required to be done in the above - mentioned Agreement between said Owner /s or Subdivider /s and the Town of Los Gatos. PASSED AND ADOPTED at a regular meeting of the Town Council of the -2- Town of Los Gatos,this 2nd day of October 1978, by the following vote: AYES: COUNCIL MEMBERS Ruth Cannon, John B. Lochner and Mardi Gualtieri NOES: COUNCIL MEMBERS Thomas J. Ferrito and Peter W. Siemens ABSTAIN: COUNCIL MEMBERS None ABSENT: COUNCIL MEMBERS None SIGNED: ATTEST: CLERK OF THE TOWN OF LOS GATOS -3-