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Home My WebLink About97-034 - ResolutionsRESOLUTION NO. 97-034 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA, CALIFORNIA, APPROVING IMPROVEMENT AGREEMENT, IMPROVEMENT SECURITIES AND MONUMENTATION CASH DEPOSIT FOR TRACT 12659-2 AND RELEASING THE IMPROVEMENT AGREEMENT, IMPROVEMENT SECURITIES AND MONUMENTATION CASH DEPOSIT PREVIOUSLY ACCEPTED BY CITY COUNCIL ON NOVEMBER 1, 1995 WHEREAS, the City Council of the City of Rancho Cucamonga, California, did consider an Improvement Agreement, related Securities and Monumentation Case Deposit, submitted by Centex Homes, a Nevada General Partnership, as developer, for the improvement of public right-of-way adjacent to the real property specifically described therein, and generally located at the southwest comer of Etiwanda Avenue and 24th Street and release of the previously approved Improvement Agreement, Securities and Monumentation Case Deposit from Beal Bank, SSB. WHEREAS, said Improvement Agreement is secured and accompanied by good and sufficient Improvement Securities, which are identified in said Improvement Agreement. 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 Centex Homes, a Nevada General Partnership are hereby approved, (2) the previously approved Improvement Agreement, Securities and Monumentation Cash Deposit from Beal Bank, SSB, are released and (3) the mayor is hereby authorized to sign said Improvement Agreement on behalf of the City of Rancho Cucamonga, and the City Clerk to attest thereto. PASSED, APPROVED, AND ADOPTED this 19th day of March, 1997. AYES: Alexander, Biane, Curatalo, Gutierrez, Williams NOES: None ABSENT: None Wdllam J. ,~/J,exander, Mayor Resolution No.97-034 Page 2 ATTEST: 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 19th day of March, 1997. Executed this 20th day March, 1997, at Rancho Cucamonga, California.