HomeMy WebLinkAboutReso 015-84 Tr4719 Lee to DeSil RESOLUTION NO. 15-84
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
REPLACEMENT OF SUBDIVISION AGREEMENT AND SECURITIES
TRACT NO. 4719
WHEREAS, the Final Map of Tract No. 4719 in the incorporated
territory of the'City of Dublin, State of California has been presented
to and approved by this City Council, all in accordance with the provisions
of the Subdivision Map Act of the State of California and the Ordinance
Code of the County of Alameda, as adopted by the City of Dublin; and
WHEREAS, the original Developers agent, Larry Cy Lee has executed
and filed with this City Council a contract to improve Tract No. 4719
together with attendant securities in accordance with the Final Map of said
Tract No. 4719, the Tract Improvement Plans and the specifications attached
thereto; and
WHEREAS, Oliver DeSilva, Inc., is purchasing this project from
Larry Cy Lee, and will become the new Developer; and
WHEREAS, this new Developer has executed and filed with this
City Council a contract to improve Tract No. 4719 in accordance with the
Final Map of said Tract No. 4719, the Tract Improvement Plans and the
Specifications attached thereto; and
WHEREAS, said contract is secured by a Faithful performance bond
in the amount of ($2,767,245.00) and a Labor and Materials bond in the amount
of ($1,383,623.00).
NOW, THEREFORE, BE IT RESOLVED that said contract and security
be and they are hereby approved, and the Mayor of this Council be and he is
hereby authorized and directed to execute said Contract on behalf of the
City of Dublin.
BE IT FURTHER RESOLVED that the existing contract and appurtenant
securities be returned to Mr. Larry Cy Lee, subject to the property changing
title from Lee to Oliver DeSilva, Inc.
PASSED, APPROVED AND ADOPTED this 13th day of February , 1984.
AYES: Councilmembers Drena, Jeffery, Moffatt and Mayor Pro Tempore
Hegarty
NOES: None
ABSENT:
ABSTAIN~ Mayor Snyder
City Cl~rk- '