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HomeMy WebLinkAboutResolution No. 4257 RESOLUTION NO. 4257 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DOWNEY APPROVING THE FINAL SUBDIVISION MAP OF PARCEL MAP NO. 15299 APPROVING AN AGREEMENT WITH THE SUBDIVIDER AND ACCEPTANCE OF A 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. 15299 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 Parcel Map 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 Parcel Map No. 15299 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. Stephen J. Koonce, County Engineer, and to Mr. T. A. Tidemanson, Road Commissioner, for the County of Los Angeles. APPROVED AND ADOPTED THIS 14th DAY OF June , 1983. 4?--7,,z4 . - i James T. Quinn, y ui Mayor ' I ATTEST: a v 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 the 14th day of June , 1983, by the following vote, to wit: AYES: 5 Council Members: Cormack, Jackman, Barb, Davila, Quinn NOES: 0 Council Members: None ABSENT: 0 Council Members: None 1 _ City Clerk