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HomeMy WebLinkAbout09-240 - Resolutions RESOLUTION NO. 09-240 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA, CALIFORNIA, APPROVING IMPROVEMENT AGREEMENT AND IMPROVEMENT SECURITIES FOR DRC2005-00831 AND RELEASING THE IMPROVEMENT AGREEMENT AND IMPROVEMENT SECURITIES PREVIOUSLY ACCEPTED BY THE CITY COUNCIL ON AUGUST 20, 2008 WHEREAS, the City Council of the City of Rancho Cucamonga, California, did consider the Improvement Agreement and related Improvement Securities submitted by Mapleton International Financial LP, as Developer, for the improvement of public right-of-way adjacent to the real property specifically described therein, and generally located at the northeast corner of Vineyard Avenue and San Bernardino Road, and release of previously approved Improvement Agreement and Improvement Securities; and 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, Improvement and Improvement Securities submitted by Mapleton International Financial LP are hereby approved, (2) the previously approved Improvement Agreement and Improvement Securities 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. Please see the following page for formal adoption,certification and signatures PASSED, APPROVED, AND ADOPTED this 16`h day of December 2009. AYES: Gutierrez, Kurth, Michael, Spagnolo, Williams NOES: None ABSENT: None ABSTAINED: None LA, Donald J. Kurth, M.D., Mayor ATTEST: Z� Q ice C. Reynolds, City 49lerk I, JANICE C. REYNOLDS, 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 December 2009. Executed this 17'h day of December 2009, at Rancho Cucamonga, California. nice C. Reynolds, CiN Clerk Resolution No. 09-240 - Page 2 of 2