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2015-067 - Approve Final Map of Tract No 10292 at 375 Knowles DrRESOLUTION 2015 -067 RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF LOS GATOS APPROVING FINAL MAP OF TRACT NO. 10292 — 375 KNOWLES DRIVE ACCEPTING THE DEDICATIONS AND AUTHORIZING THE TOWN MANAGER TO EXECUTE THE SUBDIVISION IMPROVEMENT AGREEMENT FOR PUBLIC IMPROVEMENTS WHEREAS, on February 3, 2015, the Development Review Committee of the Town of Los Gatos approved the Tentative Map Application M -14 -011, with conditions; and WHEREAS, those conditions required the Owner or Subdivider to do the following: 1. That prior to the delivery of said Map to the Owner of said subdivision, and prior to its recordation, the Owner or Subdivider of said subdivision shall enter into and execute an agreement between the Town of Los Gatos and the said Owner or Subdivider on that certain proposed subdivision agreement ( "Agreement ") on file in the Office of the Town Clerk, entitled, "Contract for the Improvement of Tract No. 10292 — 375 Knowles Drive," wherein the Owner or Subdivider 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 or Subdivider 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 the Agreement and /or and as specified in the Plans and Specifications for Tract No. 10292 — 375 Knowles Drive. 2. That said Owner or Subdivider shall, before the release of said Final Map 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 or Subdivider of all work, and the construction of all improvements herein in the Agreement, and within the time herein specified, the amount of cash or said bond to be Two Hundred Forty Thousand Six Hundred and 00 /100 Dollars ($240,600.00). 3. That said Owner or Subdivider shall, before the release of said Final Map 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 or Subdivider of setting and relocation of all 1 of 2 Resolution 2015 -067 December 15, 2015 monuments shown and noted on said Tract Map, and within the time herein specified, the amount of cash or said bond to be Seven Thousand and 00/100 Dollars ($7,000.00). 4. That said Owner or Subdivider shall, before the release of said Final Map 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. WHEREAS, the Owner or Subdivider has complied with the conditions of Tentative Map Application M -14 -011. NOW, THEREFORE, BE IT RESOLVED that the certain Final Map of Tract No. 10292 — 375 Knowles Drive in the Town of Los Gatos, dated November 2015, and prepared by Charles W. Davidson Co. for approval by the Town Engineer of the Town of Los Gatos, is hereby approved; the Town Manager is hereby authorized to execute the Agreement with the subdivider and all offers of land for public use therein made on said map are hereby accepted. PASSED AND ADOPTED at a regular meeting of the Town Council held on the 15 °i day of December 2015 by the following vote: COUNCIL MEMBERS: AYES: Marcia Jensen, Steve Leonardis, Rob Rennie, Marico Sayoc, Mayor Barbara Spector NAYS: ABSENT: ABSTAIN: ATTEST: x CA DATE: CLERK. ADMINISTRATOR OF THE TOWN OF LOS GATOS LOS CIA T OS, CALIFORNIA LOS GATOS 2 of 2 Resolution 2015 -067 December 15, 2015