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1978-193-Approving And Accepting Final Maps Of Tracts No. 6309 And 6532RESOLUTION NO, 1978-193 RESOLUTION APPROVING AND ACCEPTING FINAL MAPS OF TRACTS NO. 6309 AND 6532 RESOLVED, by the Town Council of the Town of Los Gatos: That those certain Final Maps of Tracts No. 6309 and 6532 in the Town of Los Gatos, dated November 20, 1978 and October 26, 1978, and prepared by Paul E. Nowack & Associates for Frank Aries, Owner of record of said subdivisions 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 maps are hereby accepted subject to the following conditions: 1. That prior to the delivery of said Maps to the Owner of said subdivisions and prior to their recordation, the Owner and Subdivider of said subdivisions shall enter into and execute an agreement between the Town of Los Gatos and the said Owner and Subdivider on that certain proposed subdivision agreement on file in the office of the Town Clerk entitled "Improvement Agreement (Tracts 6309 and 6532", wherein the Owner and Subdivider in consideration of the approval of said maps 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 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 Tracts 6309 and 6532. -I- 2. That said Owner and Subdivider shall, before the release of said Final Maps to Owner 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 and 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 One Million Seven Hundred Thirty - Five Thousand ($1,735,000.00) Dollars. 2. That said Owner and Subdivider shall, before tY-e release of said Final Maps to Owner 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 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 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 and Subdivider of all things required to be done in the above- _2_ mentioned agreement between said Owner and Subdivider and the Town of Los Gatos. PASSED AND ADOPTED at a regular Council of the Town of Los Gatos this 1978 , by the following vote: meeting of the Town 4th day of December AYES: COUNCIL MEMBERS Ruth Cannon, John B. Lochner and Mardi Gualtieri NOES: COUNCIL MEMBERS Thomas J. Ferrito and Peter W. Siemens ABSTAIN: COUNCIL MEMBERS ABSENT: None None SIGNED: MAYOR OF THE TOWN OF LOS GATOS ATTEST: % ASST CLERK OF THE TOWN OF L GATOS -3-