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Resolution - 5337RESOLUTION NO. 5337 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WEST COVINA APPROVING THE FINAL SUBDIVISION MAP OF TRACT NO. 32773 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. 32773 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 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. 32773 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 57 and 58, 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 sub- divider in the form submitted to this meeting be accepted. SECTION 4. That the Surety Bond Nos. 400 DR 4400/113, 400 DR 4400/114 & 400 DR 4400/1,16 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 In- surance Company as surety, in the total sum of Three Hundred Seventeen Thousand Fifty and no/100 dollars ($317,050.00) 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 25th day of October , 1976. 'A W, Fir P - `'�►l ATTEST: City Clbrrik • El I hereby certify that the foregoing resolution Vo.. 5337 was duly adopted by the City Council of the City of west Covina at a regular meeting thereof held on the 25th day of October , 1976, by the following vote of the Council: AYES: Councilmen: Miller, Shearer, Tice, Browne. NOES: Councilmen: None ABSENT: Councilmen: Chappell. Approved as to form: aA4-X.--. "It4j ity Attorney City Clerk - 2 -