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HomeMy WebLinkAboutResolution No. 2834 RESOLUTION NO. 2834 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DOWNEY APPROVING THE FINAL SUBDIVISION MAP OF TRACT NO. 31460 APPROVING AN AGREEMENT WITH THE SUBDIVIDERS AND ACCEPT- ANCE OF A LETTER OF CREDIT FOR CASH ON DEPOSIT IN LIEU OF SURETY BONDS (10326 -10340 DOWNEY AVENUE) i THE CITY COUNCIL OF THE CITY OF DOWNEY DOES RESOLVE AS FOLLOWS: SECTION 1. There is hereby submitted to the City Council by the owners and subdividers thereof, a final subdivision map of Tract No. 31460 approved by the Planning Commission and by the City Engineer. SECTION 2. There is herewith submitted to the Downey City Council a proposed contract between the City of Downey and the owners of said tract for the construction of certain improvements within said subdivision. SECTION 3. The above described contract is accompanied by a letter of credit for cash on deposit in lieu of surety bonds for the 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 Tract No. 31460 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 for cash on deposit in lieu of surety bonds presented for the 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 a certified copy of this Resolution to Mr. Harvey T. Brandt, County Engineer, and to Mr. I. L. Morhar, Road Commissioner, for the County of Los Angeles. APPROVED AND ADOPTED this 24th day of July , 1973. °Il4 ix`;6 f4 -°l i : ;i Mayor ATTEST: --- /6 °,4: 0 ( , 7- ' City 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 24th day of July , 1973, by the following vote: AYES: 5 Councilmen: DiLoreto, Jennings, Temple, Winton, Morton NOES: 0 Councilmen: ABSENT: 0 Councilmen: - - - --- 72 ---- ,.. - ' , ,- ---- ,,,' ,,,,, / („r ri t j,.,_ _,-- / City Clerk