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HomeMy WebLinkAbout92-276 - ResolutionsRESOIUi~ON NO. 92-276 A RESOI/3TION OF THE CITY (IX~CIL OF ~3{E CITY OF RAN(}D U/2AMII~GA, CAT.T"M3i~IIA, ACTjEFI'/_NG ~ ~]~[7v'~TS WITHIN ~RACT 13304 WHICM INCILDE ~ ~C~ ~ gIREBI~, THE IANDSCAPING, AND I~E ~ E; ~ ~C~ OF THE TWO P~ANCE BOM)S FOR ~ME ~4CX]~TLETE VISIR PARKWAY, TO AN AMD~qT ~QUAL TO 10% OF ~{E ORIGINAL AMD%NTB; ~ APPROVAL OF AN EMT~qSIC~ TO ~E ~ AG~k~MBN~ FC~ A TIME PERIOD OF Ta3 YEARS FRCM ~E DATE OF ~IS APPROVAL M{EREAS, the construction of public in~ for Tract 13304, including interior tract streets, landscaping and storm drain, have been co~pl~ to the satisfaction of the City Engineer; and WHEREAS, the reduced amounts of the performance bonds are pursuant to the Subiivision Map Act and the Street Capping ~reement ara are in an amount sufficient to secure the completion of the remaining improv~-~nts; and WHEREAS, the City Oouncil of the City of Rand~ Ow~onga, California, has for its consideration an Im~rov~ent Agreement Efcension executed on Octobez 21, 1992, by Lewis Hones as developer, for the i~Tove~er~ of public right-of-way adjacent to the real property specifically described therein, and generally located on the northwest corner of Mountain View Drive and Tetra Vista Parkway; and WHEREAS, the installation of such improv~e~nts, described in said Im~ Agreement and subject to the tarms thereof, is to be done in conjunction with the development of said Tract 13304; and NOW, I}{BREFCeZ, BE IT RESOLVED, that the described work is hereby accepted, the reduction of the Performance Bond is he~ approved, that said PASSED, APPROVE3, and ADO~ this 21st day of ~, 1992. Resolutic~ No. 92-276 Page2 I, DE~RA J. ADAMS, CITY cr.~RK of the City of Rancho O~monga, approved, and adopted by the City Council of the City of Rancho CXk~,,~u, California, at a regular meeting of said City Council held on the 21st day of October, 1992. Executed this 22rid day of October california. 1992, at Rancho O~amonga, D~,~-a J. ~ity Clerk