HomeMy WebLinkAbout97-196 - ResolutionsRESOLUTION NO. 97-196
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
RANCHO CUCAMONGA, CALIFORNIA, APPROVING
IMPROVEMENT AGREEMENT, IMPROVEMENT SECURITIES
AND MONUMENTATION CASH DEPOSIT FOR TRACT 13565-5
THRU TRACT 13565-10 AND RELEASING A PORTION OF THE
IMPROVEMENT SECURITIES AND TRANSFER OF
MONUMENTATION CASH DEPOSIT PREVIOUSLY ACCEPTED
BY CITY COUNCIL ON APRIL 19, 1995.
WHEREAS, the City Council of the City of Rancho Cucamonga, California, did
consider Improvement Agreements, related Securities and Monumentation Cash Deposit,
submitted by Standard Pacific Corporation and Richmond American Homes, as developers, for the
improvement of public right-of-way adjacent to the real property specifically described therein, and
generally located north of Wilson Avenue and East of Wardman Bullock Road and release or
transfer portions of previously approved Securities and Monumentation Cash Deposit from
Standard Pacific Corporation.
WHEREAS, said Improvement Agreement is secured and accompanied by good and
sufficient Improvement Securities, which are identified in said Improvement Agreements.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RANCHO
CUCAMONGA HEREBY RESOLVES that (1) said Improvement Agreement, Securities and
Monumentation Cash Deposit submitted by Standard Pacific Corporation and Richmond American
Homes are hereby approved, (2) portions of the previously approved Securities and
Monumentation Cash Deposit from Standard Pacific, are released or transferred as indicated below
and (3) the mayor is hereby authorized to sign said Improvement Agreements on behalf of the City
of Rancho Cucamonga, and the City Clerk to attest thereto.
Standard Pacific Improvement Securities to be released and Monumentation Cash Deposit to be
transferred:
Faithful
Performance
Labor and
Material Bond
Monumentation
13565-5 $187,000.00 $ 94,000.00
13565-8 292,000.00 146,000.00
13565-9 174,000.00 87,000.00
13565-10 93,000.00 47,000.00
San Sevaine Road 757,000.00 379,000.00
Crestline Place 593,000.00 297,000.00
$4,300.00 transfer
4,550.00 transfer
4,450.00 transfer
3,900.00 transfer
Resolution No. 97-196
Page 2
PASSED, APPROVED, AND ADOPTED this 17th day of December, 1997.
AYES:
NOES: None
ABSENT: Gutierrez
ABSTAINED: None
Alexander, Biane, Curatalo, Williams
William J. Ale~,~er, Mayor
ATTEST:
Debra J. Adam~, CMC, 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 17th
day of December, 1997.
Executed this 18th day of December, 1997, at Rancho Cucamonga, California.
Debra J. Adarf~, CMC, City Clerk