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2. That certain agreement entitled, "Agreement' (form dated 03/24/00) by <br />and between the City of Redwood City, a municipal corporation of the State of <br />California and Valley Crest, Inc., a copy of which agreement is on file in the <br />office of the City Clerk, to which copy reference is hereby made for the full <br />particulars thereof, is hereby approved, and the City Manager and City Clerk are <br />hereby authorized and directed to execute, and to attest thereto, respectively, <br />said agreement for and on behalf of the City of Redwood City. <br />3. Any and all informalities in the aforementioned bid of Valley Crest, Inc., <br />are hereby waived. <br />4. The City Clerk is hereby authorized and directed to return to the <br />unsuccessful bidders, and to the successful bidder upon execution by it of the <br />aforementioned agreement, all securities guaranteeing execution of said <br />agreement upon award. <br />4/24/00 <br />Rem -852 2 <br />DES:djk <br />F• Shared/Redwood/Council 13888 <br />03/24/00, 4/12/OOR <br />