Resolution - 6439RESOLUTION NO. 6439
A RESOLUTION OF THE CITY:COUNCIL OF THE
• CITY OF WEST COVINA, CALIFORNIA, APPROVING
THE FINAL SUBDIVISION MAP OF TRACT NO.
39469 ACCEPTING AN AGREEMENT BY THE SUB-
DIVIDER 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.
39469 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.
39469 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 56, 57, and 58, 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 sub-
divider in the form submitted to this meeting be accepted.
SECTION 4. That the Letters of Credit_presented as
security for the faithful *performance : o'f`�the -terms- and° conditions of
said agreement with Imperial Savings and Loan Associations, as
principal, and Imperial Savings and Loan.Association, as surety,
in the total sum of Two Million Eighty Six Thousand One Hundred
Dollars ($2,086,100), be and the same hereby are accepted.
SECTION 5. That the City Clerk shall certify to the
adoption of this resolution.
APPROVED AND ADOPTED this 2$th day of September
19 8.1.
Mayor
_ J ATTES T :
4L ,;e
City Clerk
I HEREBY CERTIFY that the foregoing, Resolution No. 6439
was adopted by the City Council of the City of West Covina at a
• regular meeting thereof held on the 28th day. of September ,
1981, by the following vote of the Council:
AYES: Councilmen: Bacon, Tennant, Chappell, Tice, Shearer
NOES: Councilmen: None
ABSENT: Councilmen: None
APPROVED AS TO FORM:
City Attorney
•
\�
City Clerk
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