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HomeMy WebLinkAboutResolution No. 4845 RESOLUTION NO. 4845 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DOWNEY APPROVING THE FINAL SUBDIVISION MAP OF PARCEL MAP NO. 17027 APPROVING AN AGREEMENT WITH THE SUBDIVIDER AND ACCEPTANCE OF A LETTER OF CREDIT IN LIEU OF SURETY BONDS (12060 PATTON ROAD AND 8618 CAVEL 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 Parcel Map No. 17027 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 Developer 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. 17027 submitted to this meeting, be and 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 Developers, 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 Angeles. APPROVED AND ADOPTED THIS 10-Jlay of March , 1987. (James . Santange , 4ayor ATTEST: r N 7- Ci t Clerk �`o, .1 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 10th day of March , 1987, by the following vote, to wit: AYES: 5 Council Members: Boggs, Cormack, Barb, Paul, Santangelo NOES: 0 Council Members: None ABSENT: 0 Council Members: None ` V_ "" ( tY Cl