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HomeMy WebLinkAbout87-145 - Resolutions RESOLUTION NO. 87-145 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA, CALIFORNIA, APPROVING IMPROVEMENT EXTENSION AGREEMENT AND IMPROVEMENT SECURITY FOR TRACT 12914 WHEREAS, the City Council of the City of Rancho Cucamonga, California, has for its consideration an Improvement Extension Agreement executed on March 16, 71987, by First Nationwide Newtwork Mortgage as developer, for the improvement of public right-of-way adjacent to the real property specifically described therein, and generally located on the northeast corner of Archibald and Highland Avenue; 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 Tract 12914; and WHEREAS, said Improvement Extension Agreement is secured and accompanied by good and sufficient Improvement Security, which is identified in said Improvement Extension Agreement. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Rancho Cucamonga, California, that said Improvement Extension Agreement and said Improvement Security be and the same are hereby approved and the Mayor is hereby authorized to sign said Improvement Extension Agreement on behalf of the City of Rancho Cucamonga, and the City Clerk to attest thereto. PASSED, APPROVED, and ADOPTED this 1st day of April, 1987. AYES: Brown, Buquet, Stout, King Wright NOES: ABSENT: VD~e~nis L Stout, Mayor ATTEST: Beverly A. Authelet, City Clerk Resolution No. 87-145 Page 2 I, BEVERLY A. AUTHELET, 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 1st day of April, 1987. Executed this 2nd day of April, 1987 at Rancho Cucamonga, California. Beverly A. Authelet, City Clerk