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1994-090-Sign A Contract For Land Development Related Obligations At Knowles Drive And Dardanelli LaneRESOLUTION 1994 -90 RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF LOS GATOS AUTHORIZING THE TOWN MANAGER TO SIGN THE CONTRACT FOR LAND DEVELOPMENT RELATED OBLIGATIONS AT KNOWLES DRIVE AND DARDANELLI LANE WHEREAS, on January 21,1993, the Town Council of the Town of Los Gatos denied the appeal of a decision of the Planning Commission approving Architecture and Site Application S -90 -9A and Negative Declaration ND -90 -9, with conditions; and WHEREAS, those conditions required the Developer to do the following: 1. The developer shall enter into and execute an agreement between the Town of Los Gatos and the said developer that certain Agreement on file in the Office of the Town Clerk, entitled, "Contract for the Land Development Related Obligations at Knowles Drive and Dardanelli Lane ", wherein the developer in consideration of the approval of said project by the Town, 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 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 555 Knowles Drive. 2. That said Developer has furnished to the Town and filed with the Town Clerk a good and sufficient bond in form approved by the Town Attorney, securing the faithful performance by said Developer of all work, and the construction of all improvements herein in this agreement mentioned, and within the time herein specified, the amount of said bond to be Six hundred Sixty Thousand and No /100 Dollars. 3. That said Developer shall 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 ,»oiotre� \uilsss.2.,.,6 PAGE 1 and ($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 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. WHEREAS, the Developer has complied with the conditions of Resolution 1993 -15, NOW, THEREFORE, IT IS RESOLVED that the Town Manager is hereby authorized to execute the agreement with the Developer. PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of Los Gatos, California, held on the 27th day of June, 1994, by the following vote: COUNCIL MEMBERS: AYES: Joanne Benjamin, Steven Blanton, Linda Lubeck, Patrick O'Laughlin and Mayor Randy Attaway NAYS: None ABSENT: None ABSTAIN: None - SIGNED: MAYOR HE TOWN LOS GATOS LOS GATOS, CALIFOR A ATTEST: AA CLERK OF THE TOWN OP-�LOS GATOS LOS GATOS, CALIFORNIA ,i,WOVe.�W555.2.xp6 PAGE 2