HomeMy WebLinkAbout11-091 - Resolutions RESOLUTION NO. 11-091
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
RANCHO CUCAMONGA, CALIFORNIA, APPROVING A NEW
IMPROVEMENT SECURITY FOR TRACT MAP 16227-1 AND
RELEASING THE CURRENT IMPROVEMENT SECURITY
WHEREAS, Tract Map number 16227-1, consisting of 145 lots generally located
north of Day Creek Boulevard on the west side of Etiwanda Avenue, was approved by the City
of Rancho Cucamonga on September 7, 2005, and all of the requirements established as
prerequisite to approval of the final map were met by entry into an Improvement Agreement
guaranteed by acceptable Improvement Security by Meritage Homes of California, as
developer; and
WHEREAS, said Developer is now submitting for approval a substitute Faithful
Performance Bond for the remaining work to be completed.
NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF RANCHO
CUCAMONGA HEREBY RESOLVES, that said substitute Improvement Security submitted by
Meritage Homes of California, Inc., be and the same are hereby approved and the City Clerk is
hereby authorized to accept the new Improvement Security and release the previous
Improvement Security submitted by the same Developer.
Pleasesee Ne bbom g page
for formal adoption,certification and signatures
PASSED, APPROVED, AND ADOPTED this 15`" day of June 2011.
AYES: Alexander, Buquet, Michael, Spagnolo, Williams
NOES: None
ABSENT: None
ABSTAINED: None
L. D nnis Michael, M yor
ATTEST:
nice C. Reynolds, City Clr6rk
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 15`" day of June 2011.
Executed this 16'" day of June 2011, at Rancho Cucamonga, California.
nice C. Reynolds, City Clerk
Resolution No. 11-091 - Page 2 of 2