HomeMy WebLinkAboutResolution No. 5358 RESOLUTION NO. 5358
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF DOWNEY APPROVING THE FINAL SUBDIVISION
MAP OF PARCEL MAP NO. 21313 (12542 PARAMOUNT
BOULEVARD N/O IMPERIAL HIGHWAY) APPROVING
AN AGREEMENT WITH THE SUBDIVIDER AND ACCEPTANCE
OF AN IRREVOCABLE STANDBY LETTER OF CREDIT
•-- IN LIEU OF SURETY BONDS
THE CITY COUNCIL OF THE CITY OF DOWNEY DOES RESOLVE AS FOLLOWS:
SECTION 1. There is herewith submitted to the City Council by
the owner and subdivider thereof, a final subdivision map of Parcel Map
No. 21313 approved by the Planning Commission and by the City Engineer.
SECTION 2. There is herewith submitted to the City Council a
proposed contract between the City of Downey and the owners of said map
for the construction of certain improvements within said subdivision.
SECTION 3. The above described contract is accompanied by an
Irrevocable Standby Letter of Credit in lieu of surety bonds for faithful
performance of the terms and conditions of said contract and for labor
and materials.
SECTION 4. The Downey City Council does hereby order:
a) That the subdivision map of Parcel Map No. 21313 submitted
to this meeting, be and the same, is hereby approved;
b) That the Mayor of the City of Downey is hereby authorized and
directed to execute the proposed contract between the City
and said owners, and the same is hereby approved;
c) That the Letter of Credit on file in lieu of the surety bonds
presented for faithful performance of the terms and conditions
of said contract and for labor and materials, be and the same
are hereby accepted.
SECTION 5. The City Clerk shall certify to the adoption of this
Resolution and forward two (2) certified copies of this Resolution to
Mr. T.A. Tidemanson, Director of Public Works, for the County of Los
Angeles.
APPROVED AND ADOPTED THIS 23rdday of October , 90.
MAY R
ATTEST:
'1 y Clerk —
I HEREBY CERTIFY that the foregoing Resolution was duly adopted
by the City Council of the City of Downey at a regular meeting thereof
held on the 23rdday of O ctober , 1 990, by the following Y 9 vote,
y
to wit:
AYES:4 Council Members: Boggs, Brazelton, Cormack, Paul
NOES:O Council Members: None
ABSENT:1 Council Members: Hayden
1 f
114 I /
CI Y CLERK
#6/003