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HomeMy WebLinkAbout02-050 - Resolutions RESOLUTION NO. 02-050 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA, CALIFORNIA, APPROVING IMPROVEMENT AGREEMENT AND IMPROVEMENT SECURITY FOR DRC2001-00497 WHEREAS,the City Council of the City of Rancho Cucamonga,California, has for its consideration an Improvement Agreement by Oltmans Construction Company,Together with Hogle- Ireland, Inc., hereinafter referred to as the developer, for the improvement of public right-of-way adjacent to the real property specifically described therein, and generally located on the west side of Hermosa Avenue, north of 6th Street; and WHEREAS,the installation of such improvements, described in said Improvement Agreement and subject to the terms thereof, is to be done in conjunction with the development of said real property referred to as DRC2001-00497; and WHEREAS,said Improvement Agreement is secured and accompanied by good and sufficient Improvement Security, which is identified in said Improvement Agreement. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA, HEREBY RESOLVES as follows: 1. That said Improvement Agreement be and the same is approved and the Mayor is authorized to execute same on behalf of said City and the City Clerk is authorized to attest thereto; and 2. That said Improvement Security is accepted as good and sufficient, subject to approval as to form and content thereof by the City Attorney. Please see the following page for formal adoption,certification and signatures Resolution No. 02-050 Page 2 of 2 PASSED, APPROVED, AND ADOPTED this 20`" day of February 2002. AYES: Alexander, Biane, Curatalo, Dutton, Williams NOES: None ABSENT: None ABSTAINED: None William J.* xander, KAyor ATTEST: De ra J. Ada MC, City Clerk I, DEBRA J.ADAMS,CITY CLERK of the City of Rancho Cucamonga,California,do hereby certify that the foregoing Resolution was duly passed, approved and adopted by the City Council of the City of Rancho Cucamonga, California, at a Regular Meeting of said City Council held on the 20`" day of February 2002. Executed this 21 sc day of February 2002, at Rancho Cucamonga, California. Debra J. Adam MC, City Clerk