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HomeMy WebLinkAbout92-103 - Resolutions RESOLUI~ONNO. 92-103 A RESOLUTION OF THE CITY OOUNCIL OF THE CITY OF RANCHO O3CAMONGA, CALIFORNIA, APPROVING AN I~0V~TAGR~T AND ~ S~CURITY FOR ATRAFFIC SIGNAL FOR PARCEL MAP 12263 WHEREAS, the City Council of the City of Rancho Cucamonga has for its consideration an Improvement Agreement sutmtitted by Hughes/Lyon/Milliken Associates as developer, for the installation of a traffic signal at the intersection of Milliken Avenue and Kenyon Way; 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; and WHEREAS, said Improvement Agreement is secured and accc~ed by good and sufficient Improvement Security, which is identified in said Improvement Agreement. NOW, THEREFORE, the City Council of the City of Rancho Cucamonga does hereby resolve as follows: 1. ~nat 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. ~nat said Improvement Security is accepted as good and sufficient, subject to approval as to form and content thereof by the City Attorney. PASS~D, ~, and ADO~ this 15th day of April, 1992. AYES: Alexander, Buquet, Stout, Williams NOES: None ABS~I~T: Wright ~] i ~.X '. ' i,, : Dennis L. Stout, Mayor De~ J. ~, City Clerk Resolution No. 92-103 Page 2 I, DE~A J. ADAMS, CITY ~.WRK of the City of Rancho Cuc~, California, do b~eby certify that the foregoing Resolution was duly passed, approved, and adopted by the City C~uncil of the City of Rancho ~, California, at a regular meeting of said City Council held on the 15th day of April, 1992. Executed this 16th day of April, 1992, at P~ncho ~, California.