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1973-010- Approving and Accepting Final Map for Tract No. 5326RESOLUTION N0. 1973-10 A RESOLUTION APPROVING AND ACCEPTING FINAL MAP OF TRACT N0. 5326 WHEREAS, that certain Final Map of Tract No. 5.326 for the - subdivision of land situated in the Town of Los Gatos, County of Santa Clara, State of CaLfornia, dated November, 1972 ~ and prepared by VTN Engineers, Inc. (Joseph R. Bennie, Licensed Land Surveyor) for LAWXERS TITLE INSURANCE CORP., as Subdivider, has been filed with the Town Council of the Town of Los Gatos for approval and acceptance; and the following documents have been .filed with the Town Clerk of the Town of Los Gatos in connection therewith: 1. An Agreement executed by Subdivider, entitled "Contract for the Improvement of Tract No. 5326, lios Gatos, California", dated January 15> 1973 , wherein in consideration of the approval of said map by the Town, Subdivider agrees to construct and complete all streets and other improvements required of owners under the provisions of Chapter 27 of the Los Gatos Town Code and the conditions of approval of the Tentative Map pursuant to which that Final Map was prepared; 2. Two (2) bonds in the amount of Eighty-One Thousand and 00/100 ($B1, 000.00) Dollars and Sixty-Six Thousand and 00/100 ($66,000.00) Dollars, guaranteeing the faithful performance by Subdivider of all work and the construction of all improvements re- fer-red to in the above-described agreement and the payment of claims of labor and materialmen, respectively; 3. Certificates of public liability and property damage insurance providing public liability insurance in the amounts of $300,000 for each person, $500,000 for each accident or oceur-renee, and property damage coverage of $100,000, whereby the Town of Los Gatos, and in their capacity as such, its councilmen, officers, boards, com- missions, and its employees will be insured, indemnified and held harmless from any and all claims of any kind or nature, arising or -1- resulting from the construction of said improvements or other work of subdividing within or outside said subdivision, and/or arising or resulting from or concerning the doing or failing to do by said Subdivider of all things required to be done in the above-mentioned agreement; and 4. An Agreement executed by Subdivider and any and all other persons or entities having an interest in the lands entitled, "Contract Regulating Dedication and Acceptance of Streets in Tract No. 5326, LosGatos, California", dated- January 9, 1973 , regulating the nature and extent of physical improvements which can be installed on certain streets within said tracts by the owners for the purpose of regulating traffic flow and ingress and egress while said streets remain private, the procedures and circumstances under which the offer of dedication of said streets which, by virtue-of this resolution will be initially rejected, may be accepted in the future and the streets made public, and authorizing the Town to remove any gates and appurten- ances which have been installed at such time as the offer of dedication is accepted by the Town; 5. Certified copies of letters, dated January 3, 1973, from Jos. C. Wolf, Director of Finance, County of Santa Clara, certifying that there are no liens against the subdivision for taxes o-r special assessments collected as taxes, except taxes or special assessments not yet payable, and estimating the amount thereof, and tax bonds in the amounts of (nil), the originals of which are on file in the Office of the Clerk of the Santa Clara County Board of Supervisors; MOW, THEREFORE BE IT RESOLVED AND IT IS HEREBY RESOLVED by the Town Council of the Town of Los Gatos, County of Santa Clara, State of California, that the above-described Final Map for Tract No. 5326 is hereby approved. BE IT FURTHER RESOLVED that all offers of dedication of land for public use made on said Final Map a-re hereby rejected subject to - 2- the right of future acceptance pursuant to the terms and conditions of the above described agreement, entitled "Contract Regulating Dedication and Acceptance of Streets in Tract No. 5326, Los Gatos, California",.and said offers are hereby rejected subject to the right of future acceptance pursuant to the terms and conditions of said agreement. PASSED AND ADOPTED AT A REGULAR MEETING OF THE TOWN COUNCIL OF THE TCWN OF LOS GATOS, held on the 15th day of January , 1973, by the following vote: AYES: COUNCILMEN: Charles Ee DeF reitas Mark B, DiDuca Egon Jensen John B. Lochner Ruth C ann on NOESr COUNCILMEN: None ABSENT: COUNCILMEN: None c--~~-l-t.~~~- ~~--~--"sue-~-~-- MAYOR OFTHE TOWN OF LOS GATOS ATTEST: ////~) CLERK T THE TO ~OF L65 GATOS - 3-