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Resolution - 5447RESOLUTION NO. 5447 A RESOLUTION OF THE CITY COUNCIL OF THE CITY • OF WEST COVINA APPROVING THE FINAL SUBDIVISION MAP OF TRACT NO. 22927, 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. 22927 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 improve- ments 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 'L. That the final subdivision map of Tract No. 22927 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, 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 in- structed 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 numbers 7SM 169 098, 7SM 169 099 and 7SM 169 100 presented as security for the faithful performance of the terms and conditions of said agreement with Bauer Development Company as principal, and American Motorist Insurance Company as surety, in the total sum of Two Hundred Thirty Eight Thousand, Seven Hundred and no/100 Dollars ($238,700.00), be and the same hereby are accepted. SECTION _`i. That the City Clerk shall certify to the adoption of this resolution. 1977. ATTEST: 01 APPROVED AND ADOPTED this 9th day of May , City Clerk I hereby certify that the foregoing Resolution No. 5447 was adopted by the City Council of the City of West Covina at a regular meeting thereof held on the 9th day of May, 1977, by the following vote of the Council: • AYES: Councilmen: Miller, Chappell, Tice, Browne, Shearer. NOES: Councilmen: None ABSENT: Councilmen: None Approved as to form: �tk City Attorney n U City Clerk - 2 -