Resolution - 8218RESOLUTION NO. 8218
• A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WEST COVINA,
CALIFORNIA, APPROVING THE FINAL SUBDIVISION MAP OF TRACT NO.
45098 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. 45098 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 a
follows:
SECTION 1. That the final subdivision map of Tract No. 45098 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
submitted to this meeting be accepted.
SECTION 4. That the Irrevocable Letters:of Credit Nos. GBSB807-0073 and
GBSB807-0074 presented as security for the faithful performance of the terms and
conditions of said agreement with Juen-Sheng Chen, as Principal, and General Bank,
as Surety, in the total sum of One Hundred Forty -Five Thousand Dollars ($145,000.00),
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 22ndday of August , 1988.
ATTEST:
City Clerk
Mayor
I HEREBY CERTIFY that the foregoing resolution was adopted by the City
Council of the City of West Covina, California, at a regular meeting thereof held on
the 22nd day of AUgust , 1988, by the following vote of the Council:
AYES: Councilmembers: Tarozzi, McFadden, Lewis, Bacon, Manners
•NOES: Councilmembers: None
ABSENT: Councilmembers: None
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