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HomeMy WebLinkAbout87-291 - Resolutions RESOLUTION NO. 87-291 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA, CALIFORNIA, APPROVING IMPROVEMENT EXTENSIONS AGREEMENT AND IMPROVEMENT SECURITIES FOR TRACTS 10827, 10827-2, 10827-3 WHEREAS, the City Council of the Cit'y of Rancho Cucamonga, California, has for its consideration Improvement Extensions Agreement executed on June 2, 1987, by First Nationwide Network Mortgage Company as developer, for the improvement of public right-of-way adjacent to the real property specifically described therein, and generally located south of Wilson Avenue, between Hermosa and Haven Avenues; and WHEREAS, the installation of such improvements, described in said Improvement Agreements and subject to the terms thereof, are to be done in conjunction with the development of said Tracts 10827, 10827-2 and 10827-3; and WHEREAS, said Improvement Extensions Agreement are secured and accompanied by good and sufficient Improvement Securities which is identified in said Improvement Extensions Agreement. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Rancho Cucamonga, California, that said Improvement Extensions Agreement and said Improvement Securities be and the same are hereby approved and the Mayor is hereby authorized to sign said Improvement Extensions Agreement on behalf of the City of Rancho Cucamonga, and the City Clerk to attest thereto. PASSED, APPROVED, and ADOPTED this 17th day of June, 1987. AYES: Brown, Buquet, Stout, Wright NOES: None ABSENT: King C / Dt~nis L. Stout, Mayor ATTEST: Beverly ~. Authelet, City Clerk Resolution No. 87-291 Page 2 I, BEVERLY A. AUTHELET, 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 June, 1987. Executed this 17th day of June, 1987 at Rancho Cucamonga, California. everly A/~uthelFet, City Clerk