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Resolution - 6420I RESOLUTION NO. 6420 A RESOLUTION OF THE CITY COUNCIL..OF THE CITY OF WEST COVINA, CALIFORNIA, APPROVING FINAL TRACT MAP OF TRACT NO. 42169 AND 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. 42169 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 improve- ments 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'Counci.l of .the City of West Covina does resolve as .follows_: 'SECTION 1. That the final subdivision map of Tract No. 42169 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 54, 55, 56, and 57,-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. SECTIiDN 4. That the surety bonds numbers 59 SB 019595 BCA, and 59 SB 019608 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 One Million, Three Hundred sixty SECTION 5. ' That the City.Clerk shall certify to the adoption of this resolution. APPROVED AND ADOPTED this 24th day. of August 1981. Mayor ATTES : City C erk I HEREBY CERTIFY that the foregoing Resolution No.6420 as 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