HomeMy WebLinkAbout99-190 - ResolutionsRESOLUTION NO. 99-190
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
RANCHO CUCAMONGA, CALIFORNIA, APPROVING A
SETTLEMENT AGREEMENT BETWEEN CENTEX HOMES AND
THE CITY OF RANCHO CUCAMONGA FOR TRACT 12659
WHEREAS, the City Council of the City of Rancho Cucamonga, California, has for
its consideration a Settlement Agreement, between Centex Homes and the City of Rancho
Cucamonga resolving the disputed payment of an in-lieu cash deposit for Hanley Avenue street
and associated landscaping improvements, generally located south of Wilson Avenue; and
WHEREAS, Centex Homes and the City of Rancho Cucamonga have both agreed
that the City of Rancho Cucamonga agrees that the cash bond in the total amount of $148,152.40
previously posted by Centex Homes with the City for the Hanley Avenue street and associated
landscaping improvements shall be in full satisfaction of and in-lieu of any further obtigations of
Centex Homes to construct or install any street or associated landscaping improvements within that
portion of Hanley Avenue projection bordering all or any part of Tract 12659; and
WHEREAS, by acceptance of the cash bond, the City shall assume all obligations
to construct any and all street and associated landscaping improvements for Hanley Avenue and
Centex Homes hereby withdraws its previous protest with regard to the posting of the $148,152.40
cash bond or with regard to any obligations to install Hanley Avenue and associated landscaping
improvements, and hereby relinquishes any claim with regard to a refund of all or any portion of
the amount of any such bond; and
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RANCHO
CUCAMONGA HEREBY RESOLVES that said Settlement Agreement be hereby approved and
the Mayor is hereby authorized to sign said Settlement Agreement on behalf of the City of Rancho
Cucamonga, and the City Clerk to attest thereto.
PASSED, APPROVED, AND ADOPTED this 18th day of August, 1999.
AYES: Alexander, Biane, Curatalo, Dutton, Williams
NOES: None
ABSENT: None
ABSTAINED: None
William J. Alexande
Resolution No. 99-190
Page 2
ATTEST:
Debra J. Ada~ CMC, City Clerk
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 18~ day of August, 1999.
Executed this 19th day of August, 1999, at Rancho Cucamonga, California.
Debra J. is, CMC, City Clerk