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Resolution - 8780I RESOLUTION NO. 8780 A RESOLUTION OF THE CITY COUNCIL OF THE CITY COUNCIL OF THE CITY OF WEST COVINA, CALIFORNIA, APPROVING FINAL SUBDIVISION MAP OF TRACT NO. 47815 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. 47815, 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. 47815 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, 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 Bond Nos. 35M 772 60400 and 35M 772 85900 presented as securities for the faithful performance of the terms and conditions of said agreement with Taico Properties, Inc., as Principal, and American Motorist Insurance Company as Surety, in the total sum of Three Hundred Twenty -Three Thousand Dollars ($323,000.00), be and the same hereby accepted. SECTION 5. That the City Clerk shall certify to the adoption of this resolution. SECTION 6. That the City Clerk shall transmit a certified copy of this Resolution to Cencom Cable T.V. ATTEST: rm47815 APPROVED AND ADOPTED this 4thday of Fehrnar,y 1992. City Clerk I HEREBY CERTIFY that the foregoing resolution was duly adopted by the City Council of the City of West Covina, California, at a regular meeting thereof held on the 4th day of February , 1992, by the following vote of the Council, to wit: AYES: Jennings, Herfert, Manners, McFadden NOES: None ABSENT: None City Clerk Approved as to form: City ilttorney fiA7815