HomeMy WebLinkAboutResolution No. 4716 RESOLUTION NO. 4716
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
DOWNEY APPROVING THE FINAL SUBDIVISION MAP OF TRACT
MAP N0. 43679 APPROVING AN AGREEMENT WITH THE SUBDIVIDER
AND ACCEPTANCE OF AN ASSIGNMENT OF A MONEY MARKET ACCOUNT
IN LIEU OF SURETY BONDS (NORTHEAST CORNER OF DOLAN AVENUE
AND IOWA STREET)
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.
43679 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 money market 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:
(a) That the subdivision map of Tract Map No. 43679 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 money market 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 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 25th day of March , 1986.
Bob Davila, Mayor
ATTEST:
Al AAP
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 25th day of March , 1986, by the following
vote, to wit:
AYES: 5 Council Members: Santangelo, Boggs, Cormack, Barb, Davila
NOES: 0 Council Members: None
ABSENT: 0 Council Members: None
Ci Clerk