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HomeMy WebLinkAboutResolution No. 4412 RESOLUTION NO. 12 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DOWNEY APPROVING THE FINAL SUBDIVISION MAP OF TRACT MAP NO. 42943 APPROVING AN AGREEMENT WITH THE SUBDIVIDER AND ACCEPTANCE OF AN ASSIGNMENT OF A PASSBOOK SAVINGS ACCOUNT IN LIEU OF SURETY BONDS (9400 GALLATIN ROAD) 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 Tract Map No. 42943 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 Tract Map for the construction of certain improvements within said subdivision. SECTION 3. The above described contract is accompanied by an Assignment of a Passbook Savings Account 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: That the subdivision map of Tract Ma (a) P Map No. 42943 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 Assignment of a Passbook Savings Account 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 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 12th day of June 40 04. Rober' . ormack, May.r ATTEST: Cit Clerk 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 12th day of June , 1984, by the following vote, to wit: AYES: 3 Council Members: Jackman, Quinn, Cormack NOES: 0 Council Members: None ABSENT: 2 Council Members: Barb, Davila City Clerk II