HomeMy WebLinkAbout11-177 - Resolutions RESOLUTION NO. 11-177
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
RANCHO CUCAMONGA, CALIFORNIA, APPROVING
IMPROVEMENT AGREEMENT EXTENSION AND
IMPROVEMENT SECURITY FOR DRC2007-00247
WHEREAS, the City Council of the City of Rancho Cucamonga, California, has
for its consideration an Improvement Agreement Extension executed on December 7, 2011, by
Transam Development Co., as developer, for the improvement of public right-of-way adjacent to
the real property specifically described therein, and generally located on the Southwest corner
of Arrow Route and Utica Avenue; and
WHEREAS, the installation of such improvements, described in said
Improvement Agreement and subject to the terms thereof, is to be done in conjunction with the
development of said DRC2007-00247; and
WHEREAS, said Improvement Agreement Extension is secured and
accompanied by good and sufficient Improvement Security, which is identified in said
Improvement Agreement Extension.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RANCHO
CUCAMONGA, HEREBY RESOLVES, that said Improvement Agreement Extension and said
Improvement Security be and the same are hereby approved and the Mayor is hereby
authorized to sign said Improvement Agreement Extension 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 7" day of December 2011.
AYES: Alexander, Buquet, Michael, Spagnolo, Williams
NOES: None
ABSENT: None
ABSTAINED: None
L. ennis Michael, Mayor
ATTEST:
LA�
Janie C. Reynolds,I ity CI rk
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 7t' day of December 2011.
Executed this 8`" day of December 2011, at Rancho Cucamonga, California.
Janice C. ReynolA, City Clerk
Resolution No. 11-177 - Page 2 of 5
EXHIBIT A
VICINITY MAP
ARROW RT
DRC2007-00247
W PULLMAN
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City of Rancho Cucamonga
Engineering Services Division
DRC2007-00247 d
VICINITY MAP
(Not to Scale)
Resolution No. 11-177 - Page 3 of 5
I
i CITY OF RANCHO CUCAMONGA
IMPROVEMENT AGREEMENT EXTENSION
FOR DRC2007-00247
I
THIS AGREEMENT is made and entered into, in conformance with the provisions of the
Subdivision Map Act of the City of Rancho Cucamonga, California, a municipal corporation, by
and between said City, hereinafter referred to as the City and Transam Development Company.,
referred to as Developer.
'I
WITNESSETH:
THAT WHEREAS, said Developer entered into an Improvement Agreement with the City
I as a requisite to issuance of building permits, and
WHEREAS, said Developer desires an extension of time to complete the terms of said
Improvement Agreement.
NOW THEREFORE it is hereby agreed by the City and by said Developer as follows:
1. The completion date of the terms of the said improvement is hereby extended by a period
of 12 months from the original date of City Council approval of said Agreement.
2. All other terms and conditions of said Improvement Agreement shall remain the same.
As evidence of understanding the provisions contained herein, and of intent to comply with
same, the Developer has affixed his signature hereto:
CITY OF RANCHO CUCAMONGA, DEVELOPER
CALIFORNIA Transam Development Co.,
a Municipal Corporation
By
L. Dennis Michael, Mayor
Hsin—Fong Chen General Partner
Attest: RSQQ Havan Ayanna Ciii to 904
Rancho Cucamonga. CA 91730
Janice C. Reynolds, City Clerk Developer's Address
DEVELOPER'S SIGNATURE MUST BE NOTARIZED
AND COMPLETED IN TRIPLICATE
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Resolution No. 11-177 - Page 4 of 5
BANK OF THE WEST
GLOBAL TRADE SERVICES -
-' '= - 1977 SATURN STREET,SC-MPK-02-G
BA N'K WEST MONTEREY PARK,CA 91755
SWIFT:BWSTUS66LAX
DATE:OCTOBER 17,2011
AMENDMENT TO STANDBY LETTER OF CREDIT
TO:
CITY OF RANCHO CUCAMONGA
10500 CIVIC CENTER DRIVE
P.O. BOX 807
RANCHO CUCAMONGA, CA 91730
IN ALL CORRESPONDENCE PLEASE QUOTE OUR CREDIT REFERENCE NUMBER.
STANDBY LIC NO.: MB60513988
AMENDMENT REF.NO.: AMD001
ISSUED DATE: 10/26/2010
BENEFICIARY: APPLICANT:
CITY OF RANCHO CUCAMONGA TRANSAM DEVELOPMENT COMPANY,
10500 CIVIC CENTER DRIVE A LIMITED CALIFORNIA PARTNERSHIP
P.O. BOX 807 8599 HAVEN AVENUE, SUITE 204
RANCHO CUCAMONGA, CA 91730 RANCHO CUCAMONGA, CA 91730
THE ABOVE STANDBY LETTER OF CREDIT HAS BEEN AMENDED AS FOLLOWS:
NEW EXPIRY DATE:OCTOBER 01, 2012
ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED.THIS IS THE OPERATIVE INSTRUMENT WHICH FORMS
AN INTEGRAL PART OF STANDBY LETTER OF CREDIT NO.MB60513988 AND IS TO BE ATTACHED THERETO.
AUTHORIZED SIGNATURE --"`- AUTHORIZED SIGNATURE
GLOBAL TRADE SERVICES GLOBAL TRADE SERVICES
TEAM NO 02 TEAM NO 02
Resolution No. 11-177 - Page 5 of 5