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HomeMy WebLinkAboutResolution No. 3243 RESOLUTION NO.3243 A RESOLUTION OF THE CITY'COUNCIL OF THE CITY OF DOWNEY APPROVING THE FINAL SUBDIVISION MAP OF TRACT NO. 30904 • APPROVING AN AGREEMENT WITH THE SUBDIVIDERS AND ACCEPTANCE OF A LETTER OF CREDIT IN LIEU OF SURETY BONDS (8413 LEXINGTON ROAD) 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. 30904 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 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. 30904 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 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 9th day of February , 1976 • Joseph E. iLoreto , Mayor ATT ESJ : • , ' !/ate✓ j,,�' /4_2; . City Clerk y • IHEREBY 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 __9th day of February , 19 76 , by the following vote of the Council: AYES: 5 Council Member: Scotto, Winton, Jennings, Greene, DiLoreto NOES: 0 Council Member: None ABSENT: 0 Council Member: None i Y �/ City Clerk