HomeMy WebLinkAboutResolution No. 5270 RESOLUTION NO. 5270
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF DOWNEY APPROVING THE FINAL SUBDIVISION
MAP OF TRACT MAP NO. 48063 (10202 -80 LAURELWOOD
LANE BETWEEN FAUST AVENUE AND CARFAX AVENUE)
APPROVING AN AGREEMENT WITH THE SUBDIVISION
AND ACCEPTANCE OF AN IRREVOCABLE LETTER OF
CREDIT NO. 401 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 Tract Map
No. 48063 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
for the construction of certain improvements within said subdivision.
SECTION 3. The above described contract is accompanied by a
Irrevocable 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 4. The Downey City Council does hereby order:
a) That the subdivision map of Tract Map No. 48063 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 Irrevocable Letter of Credit on file in lieu of the
surety bonds presented for 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 27thday of February4 990.
JOIE ALA., LA
Randall R. Barb AYOR
ATTEST:
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 27thday of February , 1990, by the following vote,
to wit:
AYES: Council Members: Hayden, Paul, Cormack, Barb
NOES: Council Members: Boggs
ABSENT: Council Members: None
,/ 5
CITY CLERK
#6/003