HomeMy WebLinkAbout97-050 - ResolutionsRESOLUTION NO. 97-050
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
RANCHO CUCAMONGA, CALIFORNIA, APPROVING
IMPROVEMENT AGREEMENT EXTENSION AND ACCEPT
IRREVOCABLE STANDBY LETTERS OF CREDIT ISSUED BY
UNITED NATIONAL BANK AND RELEASE IRREVOCABLE
STANDBY LETTERS OF CREDIT ISSUED BY UNITED WORLD
CHINESE COMMERCIAL BANK FOR TRACT 13759
WHEREAS, the City Council of the City of Rancho Cucamonga, California, has for
its consideration an Improvement Agreement Extension executed on April 17, 1997, by Fu Mai
Limited Partnership, as developer, for the improvement of public right-of-way adjacent to the real
property specifically described therein, and generally located; 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 13759; and
WHEREAS, said Improvement Agreement Extension is secured and accompanied
by good and sufficient improvement security, which is identified in said Improvement Agreement
Extension.
NOW THEREFORE, the City Council of the City of Rancho Cucamonga, California
hereby resolves, that said Improvement Agreement Extension and Said Improvement Security be
and the same are hereby approved and the Mayor is hereby authorized to sign said improvement
agreement extension on behalf of the City of Rancho Cucamonga and the City Clerk to attest
thereto.
PASSED, APPROVED, AND ADOPTED this 17th day of April, 1997.
AYES: Alexander, Biane, Curatalo, Gutierrez, Williams
NOES: None
ABSENT: None
William J. A~an(der, Mayor
Resolution No. 97-050
Page 2
ATTEST:
· Clerk
I, DEBRA J. ADAMS, CITY CLERK of the City of Rancho Cucamonga, Califomia, 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 April, 1997.
Executed this 21st day of April, 1997, at Rancho Cucamonga, California.
~~'D be raJ A. dam~',CMC, City