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" CGH:wb 6/24/81 RES 0 L UTI 0 N N O. 891 7 ORIGINAL JUL 2 0 1981 RESOLUTION APPROVING AND ACCEPTING FINAL ~AP OF SHORES CENTER UNIT NO.1 SUBDIVISION, REDWOOD CITY, CALIFORNIA, SUBJECT TO CERTAIN CONDITIONS; APPROVING AND ADOPTING PLANS AND SPECIFICATIONS FOR IMPROVEMENT THEREOF; AND APPROVING AND AUTHORIZING EXECUTION OF AGREEMENT FOR THE CONSTRUCTION OF IMPROVEMENTS FOR SAID SUBDIVISION BE IT RESOLVED BY ~HE COUNCIL OF THE CITY OF REDWOOD CITY, AS FOLLOWS: That certain final map of Shores Center Unit No. 1 Subdivision in the City of Redwood City prepared by Brian, Kangas, Foulk & Associates for Redwood Shores, Inc., a California Corporation, owner of record of said subdivision, heretofore determined by the Director of Public ~vorks as being in conformity with the tentative map for this subdivision, is approved, subject to the following conditions: 1. That, prior to the release of said final map by City for recordation, the owner or subdivider of said subdivision shall enter into and execute that certain proposed sub- division agreement on file in the office of the City Clerk, entitled "Agreement for Shores Center Unit No. 1 Subdivision," in consideration of the approval of said map by the City, whereby subdivider agrees to construct and complete, in the time specified in said agreement, all streets and other improvements required of owner or subdivider under the provisions of Chapter 30 of the Code of the City of Redwood City, being the subdivision regulations of said City, and such other street, sewer or other improvements designated or mentioned in said agreement and/or set forth in the plans and specifications for the improvement of Shores Center Unit No. 1 Subdivision on file in the office of the Director of Public Works. 2. That, prior to the release of said final map by City for recordation, the owner or subdivider shall furnish to the City and file with the City Clerk a good and sufficient security in a form to be approved by the City Attorney, securing the faithful performance by said owner or sub- divider of all work and the construction of all improve- ments designated or mentioned in said agreement, and within the time therein specified, the amount of said security to be Four Million Two Hundred Sixty-two Thousand Seven Hundred Sixty-nine and 95/100 Dollars ($4,262,769.95) and also a good and sufficient security in a form to be approved by the City Attorney securing the payment by said owner or subdivider of all bills for labor and materials incurred in the construction of 8917