HomeMy WebLinkAbout08-074 - Resolutions RESOLUTION NO. 08-074
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
RANCHO CUCAMONGA, CALIFORNIA, APPROVING THE
REDUCTION IN IMPROVEMENT SECURITY FOR RANCHO
ETIWANDA ESTATES INFRASTRUCTURE (LMD
LANDSCAPING FOR TRACTS 16226 & 16227)
WHEREAS, The City Council of the City of Rancho Cucamonga, California,
previously approved an Improvement Agreement guaranteed by acceptable Improvement
Security by JTY Investment LLC, as developer, for the improvement of public right-of-way
adjacent to the real property described therein, and generally located north of the extension of
Day Creek Boulevard and west of Etiwanda Avenue; and
WHEREAS, the installation of such Landscape Maintenance District
improvements, described in said Improvement Agreement and subject to the terms thereof, has
been partially co npleted, in conjunction with the development of said real property referred to
as Tracts 16226-1, 16226-2, 16226, 16227-1, 16227-2 and 16227; and
WHEREAS, said Developer submits for approval a request for bond reduction of
the Improvement Security to reflect the remaining work to be completed; and
NOW THEREFORE, the City Council of the City of Rancho Cucamonga hereby
resolves, that said request for bond reduction of the Improvement Security submitted by said
developer be and the same are hereby approved and the City Clerk is hereby authorized to
accept on behalf of the City a bond reduction rider to the original bond.
Please see the following page
for formal adoption,certification and signatures
Resolution No. 08-074
Page 2of2
PASSED, APPROVED, AND ADOPTED this 2nd day of April 2008.
AYES: Gutierrez, Kurth, Michael, Spagnolo, Williams
NOES: None
ABSENT: None
ABSTAINED: None
Donald I Kurth, M.D., Mayor
ATTEST:
Debra J. Adams, 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 2nd day of April 2008.
Executed this 3`d day of April 2008, at Rancho Cucamonga, California.
CZ�A udw-
Debja J. Adams, CMC, City Clerk