Resolution - 6418RESOLUTION NO. 6418
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
WEST COVINA,. CALIFORNIA, APPROVING FINAL TRACT
MAP OF TRACT NO. 32323 AND ACCEPTING AN AGREE-
MENT 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.
32323 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 certain
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.
32323 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 excepting the offer to grant
Lots 42, 43, 44, and 45, 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 subdivider
in the form submitted .to this meeting be accepted.
SECTION 4. That the surety bonds numbers 59 SB 019562 BCA,
59 SB 019573 BCA and 59 SB 019584 BCA presented as security for
the faithful performance,of the terms and conditions of said agree-
ment.with Ponderosa Homes,, a California General Partnership, as
principal, and The Aetna Casualty and Surety Company as surety,
in the total sum of One Million Seven Hundred Thousand,.two Hundred
Dollars($1,743,200.00), 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 August y 1981.
Mayor
ATTES :
A/. ..
City Clerk
I HEREBY CERTIFY that the foregoing Resolution No.6418
was adopted by the,City Council of the City of West Covina,
California, at a regular meeting thereof held on the 24th
day of August 1981, by the following vote of the Council:
AYES: Councilmen: Tennant, Chappell, Tice, Shearer
NOES: Councilmen: None
ABSENT: Councilmen: Bacon
City Clerk
Approved as to form:
City Attorney