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Resolution - 5086RESOLUTION NO. 5086 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WEST COVINA APPROVING THE FINAL SUBDIVISaION MAP OF TRACT NO. 24701 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. 24701 which has been approved by the Planning Commis- sion 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 subdivision; and WHEREAS, said proposed agreement is accompanied by surety bonds for the faithful performance of the terms and con- ditions 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. 24701 submitted to this meeting be and the same is hereby approved. SECTION 2. That the dedication therein offered be and the same is hereby accepted for public use, excepting the • offer to grant lots 43,44, and 45, subject to any restrictions 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 sub- divider in the form submitted to this meeting be accepted. SECTION 4. That the surety bonds Nos. 400 DR 4400/49 and 400 DR 4400/50 presented as security for the faith- ful performance the terms and conditions of said agreement with UMARK Inc and Butler Housing Corporation, as principals, and St. Paul Fire and Marine Insurance Company as surety, in the total sum of One Hundred and Fifty One Thousand Six Hundred and Ninety Dollars ($151,690), 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 14th day of July 1975. • Mayor Attest: �i City Clerk 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 14th day of July 1975, by the following vote of the Council: . AYES: Councilmen Shearer, Miller, Browne, Tice, Chappell NOES: Councilmen None ABSENT: Councilmen None Approved as to form: C i Attorney U v /( lei City�Cler