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HomeMy WebLinkAbout05-164 - Resolutions RESOLUTION NO. 05-164 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA, CALIFORNIA, APPROVING IMPROVEMENT AGREEMENT EXTENSION AND IMPROVEMENT SECURITY FOR DRC2002-00519 WHEREAS, the City Council of the City of Rancho Cucamonga, California, has for its consideration an Improvement Agreement Extension executed on May 18, 2005, by Fountainhead Delta, LP, as developer, for the improvement of public right-of-way adjacent to the real property specifically described therein, and generally located at the northeast corner of Foothill Boulevard and the 1-15 Freeway north-bound on ramp; 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 DRC2002-00519; 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 tollowingpage for formal adoption,certification and signatures Resolution No. 05-164 Page 2 of 2 PASSED, APPROVED, AND ADOPTED this 18`h day of May 2005. AYES: Alexander, Gutierrez, Michael, Spagnolo, Williams NOES: None ABSENT: None ABSTAINED: None William J. Alex der, Mayor ATTEST: Debra J. Adams, C, 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`h day of May 2005. Executed this 1 g`h day of May 2005, at Rancho Cucamonga, California. 64-'Oil A oe_- ebra J. Adams, C C, City Clerk