HomeMy WebLinkAbout81-125 - ResolutionsRESOLUTION NO. 81-125
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF RANCHO CUCAMONGA, CALIFORNNIA, ACCEPTING
TIME CERTIFICATE OF DEPOSIT, IMPROVEMENT
AGREEMENT AND REAL PROPERTY IMPROVEMENT CONTRACT
AND LIEN AGREEMENT FROM OWEN LOFTUS III.
WHEREAS, the City Council of the City of Rancho Cucamonga,
California, has for its consideration an Improvement Agreement, Certificate
of Deposit and a Real Property Improvement Contract and Lien Agreement
executed on July 30, 1981 by Owen Loftus III as developer, for the
improvement of public right-of-way adjacent to the real property specifically
described therein, and generally located at 8968 Archibald Avenue on the
west side of Archibald Avenue approximately 300 feet south of 8th Street.
WHEREAS, installation of one-half landscaped median island on
Archibald Avenue established as prerequisite to issuance of Building
Permit has been met by entry into a Real Property Improvement Contract
and Lien Agreement by Owen Loftus III.
WHEREAS, all of the requirements established as prerequisite
to approval by the City Council of said City have now been met by entry
into an improvement agreement guaranteed by acceptable improvement
security;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City
of Rancho Cucamonga, California, that said improvement agreement, said
improvement security and said Real Property Improvement Contract and
Lien Agreement are hereby approved and the Mayor is hereby authorized to
sign said agreements on behalf of the City of Rancho Cucamonga, and the
City Clerk to attest; and directs the City Clerk to record said Lien
Agreement in the office of the County Recorder of San Bernardino County,
California.
PASSED, APPROVED, and ADOPTED this 19th day of August, 1981.
AYES: Frost, Mikels, Bridge, Schlosser
NOES: None
ABSENT: Palombo
ATTEST:
Lauren M. Wasserman, City Clerk
Phill~.~ D. Schlosser, Mayor