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HomeMy WebLinkAbout99-134 - ResolutionsRESOLUTION NO, 99-134 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA, CALIFORNIA, APPROVING IMPROVEMENT AGREEMENT AND IMPROVEMENT SECURITIES FOR TRACT 13812 AND THE OFFSITE REQUIREMENTS CONDITIONED FOR BOTH TRACT 13812 AND TENTATIVE TRACT 14120 AND RELEASING THE IMPROVEMENT AGREEMENT AND IMPROVEMENT SECURITY PREVIOUSLY ACCEPTED BY CITY COUNCIL ON OCTOBER 7, 1998 FOR TRACT 13812 WHEREAS, the City Council of the City of Rancho Cucamonga, California, did consider an Improvement Agreement and related Security, submitted by Wealth V., LLC, Wealth Summit Estate Partnership LLC, a Limited Liability Corporation, Panda Development Corporation, a California Corporation and Calvin Tan and Caroline Tan, as developers, for the improvemnt of public right-of-way adjacent to the real property specifically described therein; and WHEREAS, said Improvement Agreement is secured and accompanied by good and sufficient Improvement Security, which are identified in said Improvement Agreement; and NOW, THEREFORE, 'I'HE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA, HEREBY RESOLVES as follows: 1. That said Improvement Agreement and Security submitted by Wealth V., LLC, Wealth Summit Estate Partnership LLC, a Limited Liability Corporation, Panda Development Corporation% a California Corporation and Calvin Tan and Caroline ]'"an are hereby approved; and 2. The previously accepted Improvement Agreement and Security from Wealth V., LLC, are hereby released and 3. The Mayor is hereby authorized to sign said Improvement Agreement and related agreements on behalf of the City of Rancho Cucamonga, and the City Clerk to attest hereto. PASSED, APPROVED, AND ADOPTED this 16th day of June, 1999. AYES: NOES: ABSENT: ABSTAINED: Alexander, Biane, Curatalo, Dutton, Williams None None None William J. AI, Mayor Resolution No. 99-134 Page 2 ATTEST: D J. Ad; City Clerk I, DEBRA J. ADAMS, CI'I'Y 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 June, 1999. Executed this 17~h day of June, 1999, at Rancho Cucamonga, California. Debra J. Adam~, CMC, City Clerk Resolution No. 99-134 Page 3 ~'",2SUIMMIT AVENUE _HIGHLAND AVENUE -7;~ยท~ ........ ' ;if CITY OF RANCHO CUCAMONGA ENGINEERING DIVISION ITEM: TITLE: EXHIBIT: TT 14120 & Tract 13812 Vicinity Map