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HomeMy WebLinkAbout03-121 - Resolutions RESOLUTION NO. 03-121 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA, CALIFORNIA, APPROVING IMPROVEMENT AGREEMENT AND IMPROVEMENT SECURITY FOR DRCDR00-17 WHEREAS,the City Council of the City of Rancho Cucamonga,California,has for its consideration an Improvement Agreement by Secured Equities Corporation as developer, for the improvement of public right-of-way adjacent to the real property specifically described therein,and generally located on the north side of Arrow Route, west of Day Creek Channel; 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 real property referred to as DRCDR00-17; and WHEREAS,said Improvement Agreement is secured and accompanied by good and sufficient Improvement Security, which is identified in said Improvement Agreement. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA, HEREBY RESOLVES as follows: 1. That said Improvement Agreement be and the same is approved and the Mayor is authorized to execute same on behalf of said City and the City Clerk is authorized to attest thereto; and 2. That said Improvement Security, a cash deposit, is accepted as good and sufficient, subject to approval as to form and content thereof by the City Attorney. Please see the following page for formal adoption,certification and signatures Resolution No. 03-121 Page 2 of 2 PASSED, APPROVED, AND ADOPTED this 21s` dayof May 2003. AYES: Alexander, Gutierrez, Howdyshell, Kurth, Williams NOES: None ABSENT: None ABSTAINED: None "Iyq� amjer, ayor ATTEST: r D4,a Adams MC, 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 21St day of May 2003. Executed this 22nd day of May 2003, at Rancho Cucamonga, California. Z"'�Aut, De ra J. Adams, GMC, City Clerk