HomeMy WebLinkAbout90-318 - Resolutions RESOLUTION NO. 90-318
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO
CUCAMONGA, CALIFORNIA, APPROVING THE IMPROVEMENT SECURITY
FOR TRACT 13851 AND RELEASING THE IMPROVEMENT SECURITY
PREVIOUSLY SUBMITTED
WHEREAS, the City Council of the City of Rancho Cucamonga accepted an
Improvement Agreement and Improvement Security on January 3, 1990, and an
Improvement Agreement Supplement on April 5, 1990, by Pacific International
Development, Incorporated, as developer, for the improvements required
specifically described therein for Tract 13851, and generally located north of
Wilson Avenue and west of Deer Creek Channel; and
WHEREAS, said Improvement Agreement is secured and accompanied by
good and sufficient Improvement Security, which is identified in said
Improvement Agreement; and
WHEREAS, the Developer is requesting that the City Council release
the Improvement Security previously submitted and replace it with Faithfu}
Performance Bond and Labor and Materialmen Bond.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA DOES
HEREBY RESOLVE as follows:
1. That said Improvement Security Bonds be and the same are hereby
approved and the Mayor is hereby authorized to accept Improve-
ment Security Bonds on behalf of the City of Rancho Cucamonga,
and the City Clerk to attest thereto; and
2. That the Improvement Security as previously accepted be and the
same is hereby approved to be released and the City Clerk is
authorized to replace same with said improvement security bonds;
and
3. That said Improvement Security Bonds are accepted as good and
sufficient, subject to approval as to form and content thereof
by the City Attorney.
PASSED, APPROVED, and ADOPTED this 1st day of August, 1990.
AYES: Alexander, Brown, Buquet, Stout, Wright
NOES: None
ABSENT: None
Dennis L. Stout, Mayor
Resolution No. 90-318
Page 2
ATTEST:
'D~bra J:-~Vams, 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 1st day of
August, 1990.
Executed this 2nd day of August, 1990 at Rancho Cucamonga,
California.