Resolution - 6486RESOLUTION NO. 6486
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WEST
COVINA, CALIFORNIA, APPROVING THE FINAL SUBDIVISION
• MAP OF TRACT NO. 39470, 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. 39470
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 subdivisions; 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. 39470
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 51 and 52, 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 Six Hundred Fifty -Seven Thousand Two Hundred Fifty Dollars
($657,250), 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 8th day of February ,
1982.
100�&
Mayor
• ATTES .
City "Cl rk
I HEREBY CERTIFY that the foregoing Resolution No. 6486
was adopted by the City Council of the City of West Covina at a
regular meeting thereof held on the 8th day of February ,
1982, by the following vote of the Council:
AYES: Councilmen:' Bacon, Tennant', Channell, Tice, Shearer
NOES: Councilmen,.. None
ABSENT: Councilmen: None
APPROVED AS TO FORM:
C)kUlPn,
City [Attofiriey
•
•
A/
City C erk
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