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HomeMy WebLinkAbout95-026 - ResolutionsRESOLUTION NO. 95-026 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA, CALIFORNIA, APPROVING IMPROVEMENT AGREEMENTS, IMPROVEMENT SECURITIES AND MONUMENTATION CASH DEPOSIT FOR TRACT 12462 AND RELEASING THE IMPROVEMENT AGREEMENTS, IMPROVEMENT SECURITIES AND MONUMENTATION CASH DEPOSIT PREVIOUSLY ACCEPTED BY THE CITY COUNCIL ON NOVEMBER 15, 1989 WHEREAS, the City Council of the City of Rancho Cucamonga, California, did consider the Improvement Agreements, related Improvement Securities and Monumentation Cash Deposit submitted by Lauren Development, Inc., as Developer, for the improvement of public right- of-way adjacent to the real property specifically described therein, and generally located on the south side of Summit Avenue between Etiwanda and East Avenues and release of the previously approved Improvement Agreements, Improvement Securities and Monumentation Cash Deposit from First Family Homes. WHEREAS, said Improvement Agreements are secured and accompanied by good and sufficient Improvement Securities, which are identified in said Improvement Agreements. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA, CALIFORNIA, HEREBY RESOLVES, that (1) said Improvement Agreements, Improvement Securities and Monumentation Cash Deposit submitted by Lauren Development Inc., are hereby approved, (2) the previously approved Improvement Agreements, Improvement Securities and Monumentation Cash Deposit from First Family Homes are released and (3) the Mayor is hereby authorized to sign said Improvement Agreements on behalf of the City of Rancho Cucamonga, and the City Clerk to attest thereto. PASSED, APPROVED, AND ADOPTED this 1 st day of March, 1995. AYES: Alexander, Biane, Curatalo, Gutierrez, Williams NOES: None ABSENT: None ~~t ~,_,~d~~~7~ ~'der, Mayol~ Resolution No. 95-026 Page 2 ATTEST: 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 1 st day of March, 1995. Executed this 2nd day of March, 1995, at Rancho Cucamonga, California. Debra~J. Adam~C, City Clerk