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<br />SWC:sh 7/25/86 <br /> <br />RES 0 L UTI 0 N <br /> <br />N o. 1 0 263 <br /> <br />O~IGINAL <br />JUL 2 8 1986 <br /> <br />RESOLUTION APPROVING AND ACCEPTING FINAL MAP OF CENTRUM <br />SUBDIVISION, REDWOOD CITY, CALIFORNIA, SUBJECT TO <br />CERTAIN CONDITIONS; CONDITIONALLY APPROVING AND <br />ADOPTING PLANS AND SPECIFICATIONS FOR IMPROVEMENTS <br />THEREOF; AND APPROVING AND AUTHORIZING EXECUTION OF <br />AGREEMENT FOR THE CONSTRUCTION OF THE IMPROVEMENTS FOR <br />SAID SUBDIVISION; <br /> <br />BE IT RESOLVED BY THE COUNCIL OF THE CITY OF REDWOOD CITY, <br /> <br />AS FOLLOWS: <br /> <br />1. That certain final map of Centrum subdivision in the <br /> <br />City of Redwood City, prepared by Brian, Kangas, Foulk & <br /> <br />Associates for Campeau Corporation California, owners of record <br /> <br />of said subdivision, heretofore determined by the Director of <br /> <br />Public Works as conforming to the tentative map for said <br /> <br />subdivision, is approved, subject to the following conditions: <br /> <br />(a) Before the release of said final map by the City <br />of Redwood City ("City") for recordation, the owners or <br />subdividers (hereinafter "Owners" shall mean the owners or <br />subdividers, as specified in the application for approval of <br />the subdivision) of said subdivision shall enter into and <br />execute that certain proposed subdivision agreement on file <br />in the office of the City Clerk, entitled "Agreement for the <br />Improvement of Centrum Subdivision" wherein Owners, in <br />consideration of the approval of said map by City, shall <br />agree to construct and complete in the time specified in <br />said agreement, all improvements required of Owners under <br />the provisions of Chapter 30 of the Code of the City of <br />Redwood City, being the subdivision regulations of said <br />City, and such other improvements designated or mentioned in <br />said agreement. <br /> <br />(b) Before the release of said final map by City for <br />recordation, the Owners shall furnish to City and file with <br />the City Clerk a good and sufficient security in a form <br />subject to the approval of the City Attorney, securing the <br />faithful performance of said Owners of all work and <br />construction of all improvements designated or mentioned in <br />said agreement, within the time therein specified, the <br />amount of said security to be Six Million Five Hundred Fifty <br />Thousand and No/100 Dollars ($6,550,000.00); and shall also <br />furnish to City and file with the City Clerk, a good and <br />sufficient security in a form subject to the approval of the <br />Ci ty Attorney securing the payment by Owners of all bills <br /> <br />1026;3 <br />