HomeMy WebLinkAboutResolution No. 5534 RESOLUTION NO. 5534
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF DOWNEY APPROVING THE FINAL SUBDIVISION
MAP OF PARCEL MAP N0. 22983 (8533 -45 CHEYENNE
STREET). APPROVING AN AGREEMENT WITH THE
SUBDIVIDER AND ACCEPTANCE OF AN IRREVOCABLE
STAND -BY LETTER OF CREDIT 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 Parcel Map
No. 22983 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 property
for the construction of certain improvements within said subdivision.
SECTION 3. The above described contract is accompanied by an
Irrevocable Stand -by 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 Parcel Map No. 22983 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 Stand -by 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 10 thday of March 1992
(
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AllOr ';YOR
ATTEST:
CITY CLERK
RESOLUTION
PARCEL MAP #22983
PAGE 2
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, 1992, by the following vote:
AYES: 4 COUNCIL MEMBERS: Boggs, Riley, Brazelton, Hayden
NOES: 0 COUNCIL MEMBERS: None
ABSENT: 1 COUNCIL MEMBERS: Cormack
City Clerk