Resolution - 8126RESOLUTION N0.8126
. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WEST
COVINA, CALIFORNIA, APPROVING THE FINAL SUBDIVISION
MAP OF TRACT NO. 44564 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. 44564 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 sub-
division; and
WHEREAS, said proposed agreement is accompanied by surety bonds for the faith-
ful 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. 44564 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, subject to any restriction to be filed and recorded there-
with; 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 sub-
mitted to this meeting be accepted.
SECTION 4. That the surety bonds Nos. 30072473 and 6154291 presented security
for the faithful performance of the terms and conditions of said agreement with
Glen -Fed Development Corporation, as Principal, and Fidelity and Deposit Company of
Maryland, as Surety, in the total sum of One Million Two Hundred Seventy Thousand
Dollars ($1,270,000.00), be and the same hereby are accepted.
SECTION 5. That the City Clerk shall certify to the adoption of this
resolution.
Mayor
ATTEST: /
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•I HEREBY CERTIFY that the foregoing resolution was adopted by the City
Council of West Covina, California, at an Adjourned Meeting thereof held on the
21st day of December , 1987, by the following vote of the Council:
AYES: Councilmembers: Bacon, Shearer, Planners
NOES: Councilmembers: None
ABSENT: Councilmembers: Tennant, Chappell
City Clerk
• APPROVED AS TO FORM:
FA
City Attorney