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1991-212-Approving Final Map Of Tract No. 8280RESOLUTION 1991 -212 RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF LOS GATOS APPROVING FINAL MAP OF TRACT NO. 8280 BE IT RESOLVED, that the certain Final Map of Tract No. 8280 in the Town of Los Gatos, dated December, 1989, and prepared by Civil Engineering Associates, for approval 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. 8280 ", 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 in 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 and as specified in the Plans and Specifications for Tract 8280. 2. 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 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 Sixty Thousand and No /100 Dollars. C13 \CNCLRPTS \9- 16 #1.ENG 3. SUBDIVIDER shall, before the release of the MAP by the TOWN and as a condition precedent to the recordation thereof, furnish to the TOWN and file with the Town Clerk, at all times during the performance of its obligations under this agreement, certificates or policies of public liability and property damage insurance, providing public liability and property damage insurance with the following limits of liability: a) Bodily Injury Liability, Including Automobile $1,000,000 each person and $1,000,000 each occurrence b) Property Damage Liability, Including Automobile $ 500,000 each person with policy provisions acceptable to the TOWN, and will provide the TOWN with the insurance carrier's certificate evidencing (1) that minimum insurance coverages as required above are in effect, (2) that the Town of Los Gatos, its Town Council Members, Boards, Commissions, employees and agents are named as additional insured on the policy or policies of insurance, (3) that the policy or policies will not be cancelled or changed until thirty (30) days after written notice is given to the TOWN, and (4) that the insurance coverage extended by this policy is primary and any insurance carried by the TOWN is excess. C13 \CNCLPPTS \9- 16 #1.ENG PASSED AND ADOPTED at a regular meeting of the Town Council held on the 16th day of September, 1991 by the following vote: COUNCIL MEMBERS: AYES: Randy Attaway, Joanne Benjamin, Steven Blanton, Mayor Brent N. Ventura NAYS: None ABSENT: Eric D. Carlson ABSTAIN: None SIGNED: /-�) VO�� MAYOR OF THE TOWN OF LOS GATOS LOS GATOS, CALIFORNIA ATTEST: 3 � q CLERK OF THE TOWN OF LOS GATOS LOS GATOS, CALIFORNIA C13 \CNCLRRTS \9- 16 #1.ENG