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Resolution - 5108RESOLUTION NO. 5108 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WEST COVINA APPROVING THE FINAL SUBDIVISION MAP OF TRACT NO. 31481, 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. 31481 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 subdivision; 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. 31481 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 67, 68, 69, 70 and 71, 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 subdivider in the form submitted to this meeting be accepted. SECTION 4. That the Surety Bonds Nos. 5543328, 5543327, 5543319 and 5543304 presented as security for the faithful performance of the terms and conditions of said agreement with Kent Land Company as principals and American Casualty Company of Reading, Pennsylvania as surety, in the total sum of Two Hundred Forty One Thousand Five Hundred and no/100 Dollars ($241,500.00), 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 8th day of September, 1975. Attest:. City Clerk Mayor I hereby certify that the foregoing Resolution No. 5108 was duly adopted by the City Council of the City of West Covina at'a regular meeting thereof held on the 8th day of September, 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: City Atto ey • City Cler -2-