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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