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HomeMy WebLinkAbout96-024 - ResolutionsRESOLUTION NO. 96-024 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA, CALIFORNIA, APPROVING THE IMPROVEMENT AGREEMENT ADDENDUM FOR THE PREVIOUSLY APPROVED IMPROVEMENT AGREEMENT OF PARCEL MAP NO. 14022 WHEREAS, Parcel Map No. 14022, submitted by Lewis Development Co., and consisting of 12 parcels, located at the northwest corner of Foothill Boulevard and Rochester Avenue, being a division of 78.5 acres in the Mixed Use District of the Terra vista Community Plan was approved by the City Council of the City of Rancho Cucamonga, on December 20, 1995, in compliance with the State Subdivision Map Act and Local Ordinance No. 28 adopted pursuant to that Act; and WHEREAS, all the requirements established as prerequisite to approval of the Final Map by the City Council of said City were met by entry into an Improvement Agreement guaranteed by acceptable Improvement Security by Lewis Development Go. as developer; and WHEREAS, said Improvement Agreement included a CalTrans Performance Bond and a CalTrans payment bond, both with a Multiple Obligee Rider, as security for the Foothill Boulevard Improvements; and Bonds; and WHEREAS, said Developer and CalTrans desire to revise and replace said CalTrans WHEREAS, the City Council of the City of Rancho Cucamonga, California, has for its consideration an Improvement Agreement Addendum (No. 1) executed on January 1, 1996, by said developer, for the improvement of public right-of-way (Foothill Boulevard) adjacent to the real property specifically described therein, and to replace said CaITrans bonds; and WHEREAS, said Improvement Agreement Addendum is secured and accompanied by good and sufficient Improvement Security, which is identified in said Improvement Agreement Addendum. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA, CALIFORNIA, HEREBY RESOLVES AS FOLLOWS: That said Improvement Agreement Addendum 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 That said Improvement Agreement Addendum is accepted as being the No. 1 Addendum to a previously approved and executed Agreement, dated December 12, 1995, and said Addendum's identified Security is accepted as good and sufficient, subject to approval as to form and content thereof by the City Attorney. Resolution No. 96-024 Page 2 PASSED, APPROVED, AND ADOPTED this 21st day of February, 1996. AYES: Alexander, Biane, Curatalo, Gutierrez, Williams NOES: None ABSENT: None ATTEST: William J. A~xander, Mayor 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 21st day of February, 1996. Executed this 22nd day of February, 1996, at Rancho Cucamonga, California.