Resolution - 6440RESOLUTION NO. 6440
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
. OF WEST COVINA, CALIFORNIA, APPROVING THE
FINAL SUBDIVISION MAP OF TRACT NO. 39471
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.
39471 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.
39471 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 26 and 27, 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 Letters of Credit presented as security
for the faithful performance of the terms and conditions of said
agreement with Imperial Savings and Loan Association, as principal,
and Imperial Savings and Loan Association, as surety, in the total
sum of Seven Hundred Sixty One Thousand Four Hundred Fifty Dollars
($761,450), 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 28th day of September
1981.
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• Mayor
ATTEST:
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City Clerk
I HEREY CERTIFY that the foregoing Resolution No. 6440
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
City Cle k
APPROVED AS TO FORM:
City Attorney