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