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Resolution - 2726Ei RESOLUTION NO. 2726 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WEST COVINA, CALIFORNIA, APPROVING BOND TO GUARANTEE THE COST OF CERTAIN IMPROVEMENTS AND THE TIME OF COMPLETION IN %*flf/X9'1PRECISE PLAN #344 IN SAID CITY, THE CITY COUNCIL OF THE CITY OF WEST COVINA DOES RESOLVE AS FOLLOWS: Precise Plan SECTION 1. WHEREAS, final map of proposed/Xr4btxXK. #344 has heretofore been approved by this Council subject to the approval of a bond to guarantee the cost of certain improvements therein, as follows. the construction of concrete curbs and gutters, grading, pavement, cross -gutters and appurtenant structures, etc., as outlined on construction plan on file in the office of the City Engineer; NOW, THEREFORE, BE IT RESOLVED that the surety, bond executed by Socony Mobil Oil Co., Inc. , as principal, and Pacific Indemnity Co. Bond No. 249238 , as Surety, dated August 8 19 63 , for the sum of TFN THni7SAND ETNZE HUNDRED -------- -- Dollars ($10,500.00 guaranteeing the improvements Precise Plan in sai5Y)tcsr=A�ox #344 as outlined on construction plan on file in the office of the City Engineer of said City, and as described in said bond, be and the same is hereby approved and accepted upon the terms and conditions in said bond stated. BE IT FURTHER RESOLVED that all such improvements required to be made Precise Plan in saidj/=z= shall be completed within one year from the date of said bond. SECTION 2. The City Clerk shall certify to the adoption of this Resolution. Adopted and approved this 26th day of August , 19 63 . Mayor I hereby certify that the foregoing Resolution was duly adopted by the City Council of the City of West Covina at a regular meeting thereof held on the 26th day of August , 19 63 , by the following vote of the Councils AYES: Councilmen: Towner, Jett, Heath,,SnyderM or Barnes NOES: Councilmen¢- None ABSENT: Councilmen: None City Clerk