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Resolution - 5328RESOLUTION NO. 5328 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WEST COVINA APPROVING THE FINAL SUBDIVISION MAP OF TRACT NO. 32462 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. 32462 which has been approved by the Planning Commission and by the City Engineer; and WHEREAS, there has been submitted to this meeting a pro- posed 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. 32462 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 37 and 38, subject to any restriction 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. 400 DR 4400/105 and 400 DR 4400/106 presented as security for the faithful performance the terms and conditions of said agreement with UMARK INC., as principal, and St. Paul Fire and Marine Insurance Company as surety, in the total sum of Ninety-eight Thousand Three Hundred Dollars ($98,300) 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 27th day of September 1976. Attest:- Mayor City Clerk I hereby certify that the foregoing resolution No._ 5328 was dully adopted by the City Council of the City of West Covina at a regular meeting thereof held on the 27th day of September , 1976, by the following vote of the Council. AYES: Councilmen: Miller, Chappell, Shearer, Tice, Browne 40 NOES: Councilmen: None ABSENT: Councilmen: None Approved as to form: ry ti b / C'ty Attorney • City Clerk - 2 -