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HomeMy WebLinkAbout99-004 - ResolutionsRESOLUTION NO. 99-004 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA, CALIFORNIA, APPROVING THE IMPROVEMENT AGREEMENT AND IMPROVEMENT SECURITY FOR TRACT MAP NUMBER 14380 WHEREAS, Tract Map No. 14380, was approved by the City Council of Rancho Cucamonga, on November 6, 1991; and WHEREAS, an Improvement Agreement and Improvement Security were accepted by the City Council from Watt Inland Empire, Inc., at that time; and WHEREAS, General Electric Capital Corporation has since acquired Tract Map No. 14380 and has now agreed to assume all of the requirements established as prerequisite to approval of the final map by entry into a new Improvement Agreement guaranteed by acceptable improvement Security by Mastercraft Homes and General Electric Capital Corporation as developer; and NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA HEREBY RESOLVES, that said Improvement Agreement and said Improvement Security submitted by said developer be and the same are hereby approved and the Mayor is hereby authorized to sign said Improvement Agreement on behalf of the City of Rancho Cucamonga, and the City Clerk to attest; and the City Engineer is hereby authorized to release the previously accepted Improvement Agreement and Improvement Securities. PASSED, APPROVED, AND ADOPTED this 6th day of January, 1999. Alexander, Biane, Curatalo, Williams AYES: NOES: None ABSENT: Dutton ABSTAINED: None William J./~xander, Mayor Resolution No. 99-004 Page 2 ATTEST: Debra J. Adams,L,CMC, 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 6th day of January, 1999. Executed this 7th day of January, 1999, at Rancho Cucamonga, California. Debra J. Adam~¥,CMC, City Clerk