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HomeMy WebLinkAbout11-030 - Resolutions RESOLUTION NO. 11-030 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA, CALIFORNIA, APPROVING IMPROVEMENT AGREEMENT,IMPROVEMENT SECURITIES AND MONUMENTATION CASH DEPOSIT FOR TRACT 16324 AND RELEASING THE IMPROVEMENT AGREEMENT,IMPROVEMENT SECURITIES AND MONUMENTATION CASH DEPOSIT PREVIOUSLY ACCEPTED BY THE CITY COUNCIL ON DECEMBER 7, 2005 WHEREAS, the City Council of the City of Rancho Cucamonga, California, did consider the Improvement Agreement and related Improvement Securities submitted by Meritage Homes of California, Inc., as Developer, for the improvement of public right-of-way adjacent to the real property specifically described therein, and generally located at the northerly end of Wardman Bullock Road,and release of previously approved Improvement Agreement, Improvement Securities and Monumentation Cash Deposit; and WHEREAS, said Improvement Agreement is secured and accompanied by good and sufficient Improvement Securities and Monumentation Cash Deposit, which are identified in said Improvement Agreement. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA, HEREBY RESOLVES, that (1) said Improvement Agreement, Improvement Securities and Monumentation Cash Deposit submitted by Meritage Homes of California, Inc. are hereby approved, (2)the previously approved Improvement Agreement, Improvement Securities and Monumentation Cash Deposit are released and (3) the mayor is hereby authorized to sign said Improvement Agreement on behalf of the City of Rancho Cucamonga, and the City Clerk to attest thereto. Please see the following page for formal adoption,celcation and signatures PASSED, APPROVED, AND ADOPTED this 2nd day of March 2011. AYES: Alexander, Buquet, Michael, Spagnolo, Williams NOES: None ABSENT: None ABSTAINED: None L. Dennis Michael, Mayor ATTEST: 00"wUL)C ice C. Reynolds, City Clerk I, JANICE C. REYNOLDS, 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 March 2011. Executed this 3`d day of March 2011, at Rancho Cucamonga, California. l, z .tom ce C. Reynolds, City lerk Resolution No. 11-030 - Page 2 of 2