Resolution - 6419i
RESOLUTION NO. 6419
A RESOLUTION`OF THE CITY COUNCIL OF THE CITY OF
WEST COVINA.-CALIFORNIA, APPROVING FINAL TRACT
MAP OF TRACT NO — 32324 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. 32324 which has been approved by the Planning Commission and
by the City Engineer;. and
WHEREAS, there has been submitted to this -meeting a
proposed 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 I. That the final subdivision map of Tract No.
32324 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 216, 217, 218 and 219, subject to any restruction 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 019516 BCA,
59 SB 019413 BCA and 59 SB 019505 BCA presented as security for the
faithful performance of the terms and ,conditions of said agreement
with Ponderosa Homes, a California General Partnership, as principal,
and The Aetna Casualty and Surety Company, as surety, in the total
sum of Five Million One Hundred Thrty.Three Thousand -"Dollars
($5,133,000), 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 ,
1981.
ATTEST :
City Clerk
F
Mayor
I HEREBY CERTIFY that the foregoing Resolution No.6419
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
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