Resolution - 6089•
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RESOLUTION NO. 6089
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF WEST COVINA, CALIFORNIA, APPROVING THE
FINAL SUBDIVISION MAP OF TRACT NO. 39468
ACCEPTING AN AGREEMENT BY THE SUBDIVIDER AND
SURETY BONDS TO SECURE THE SAME.
WHEREAS, there has been submitted to this meeting by the
owner and subdivider thereof, a final subdivision map of tract
No. 39468 which has been approved by the Planning Commission and
by the City Engineer; and
WHEREAS, there has been submitted to.this meeting a pro-
posed agreement by the subdivider for the construction of cer-
tain improvements within or.for said subdivision; and
WHEREAS, said proposed agreement is accompanied by surety
bonds for the faithful performance of the terms and conditions
of said agreement;
NOW, THEREFORE, the City Council of the City of West
Covina does resolve as follows:
SECTION 1. That the final subdivision map of Tract No.
39468 submitted to this meeting be and the same is hereby approved.
SECTION 2. That the dedication therein offered by and the
same is hereby accepted for public use subject to any restriction
to be filed and recorded therewith; and that the proper officers
of the City of West Covina be and they are hereby authorized and
instructed- to approve said final map on behalf of the City.
SECTION 3. That the proposed agreement by the sub-
divider in the form submitted to this meeting be accepted.
SECTION 4. That the Letters of Credit presented as
security for the faithful performance the terms and conditions of
said agreement with Imperial Savings and Loan Association, as
principal, and Imperial Savings and Loan Association, as surety,
in the total sum of One Million Two Hundred Seventy One Thousand
Six Hundred Dollars ($1,271,600), be and the same hereby are
accepted.
SECTION 5. That the City Clerk shall certify to the
adoption of this resolution.
APPROVED AND ADOPTED this 24th day.of March
1980.
ATTEST:
City Clerk
.�I A!A!. R_a �
I HEREBY CERTIFY that the foregping Resolution No.
was adopted by the City Council of the City of West Covina at
a regular meeting thereof held on the 24th day of March ,
1980, by the following vote of the Council:
• AYES: Councilmen: Miller, Tice, Shearer, Browne, Chappell
NOES: Councilmen: None
ABSENT: Councilmen: None
APPROVED AS TO FORM:
• City Attorney
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City Clerk