HomeMy WebLinkAbout87-491 - Resolutions RESOLUTION NO. 87-491
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCliO
CUCAMONGA, CALIFORNIA, PERTAINING TO FUNDING FOR THE HAVEN
AVENUE MEDIAN PHASE II CONSTRUCTION
WHEREAS, the City Council of the City of Rancho Cucs~onga at its
regular meeting of August 19, 1987 approved the advertisement for receiving
Construction Bids for Haven Avenue Medians from 4th Street to Arrow Route.
WHEREAS, the City has collected from Haven ironring properties, fees
in lieu of construction, bonds for participation in construction and/or lien
agreements to participate in the construction of Raven Avenue Medians.
BE IT RESOLVED by the City Council for the City of Rancho Cucamonga
that:
1. All fees collected in-lieu of construction for Haven
Avenue Medians be deposited in a construction account
or fund &r be used for the pending Haven Avenue
Median ConstrUction.
2. All bonds received from developers guaranteeing
participation in the construction of Haven Avenue
Medians be called in or otherwise converted to a
liquid asset and deposited in a construction account
or fund to be used for the pending Haven Avenue
Median Construction.
3. All lien agreements pertaining to the construction of
Haven Avenue Medians be amended to make payment to a
construction account or fund to be used for the
pending Haven Avenue Median Construction or to
reimburse the City for the construction thereof.
4. All remaining undeveloped properties ironring onto
Haven Avenue shall be required by Condition of
Development to reimburse the City for the cost for
their proportionate frontage of the Haven Avenue
Median Construction.
PASSED, APPROVED, and ADOPTED this 16th day of September, 1987.
Resolution No. 87-491
Page 2
AYES: Brown, Buquet, Stout, King, Wright
NOES: None
AB SENT: None
/
Dennis L. Stout, Mayor
ATTEST:
Beverly A. Authelet, City Clerk
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 16th day of
September, 1987.
Executed this 17th day of September, 1987 at Rancho Cucamonga,
California.
Beverly ~. Authelet, City Clerk