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HomeMy WebLinkAboutResolution No. 4780 RESOLUTION NO.4780 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DOWNEY APPROVING THE FINAL SUBDIVISION MAP OF TRACT MAP NO. 44447 APPROVING AN AGREEMENT WITH THE SUBDIVIDER AND ACCEPTANCE OF A LETTER OF CREDIT IN LIEU OF SURETY BONDS (971+ CEDARTREE ROAD AT SERAPIS AVENUE) 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. 44447 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 a letter of credit in lieu of surety bonds for faithful performance of the terms and conditions of said contract and for labor and materials. SECTION 44. The Downey City Council does hereby order: (a) That the subdivision map of Tract Map No. 44047 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 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 22nd day of July , 1986. 4 1.5'71;'' ,.., James. rS. Santangel Mayor ATTEST: d t h - C ty 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 22nd day of July , 1986, by the following vote, to wit: AYES: Council Members: Boggs, Cormack, Barb, Paul, Santangelo NOES: 3 Council Members: None ABSENT: J Council Members: none AP % / or City Clerk