HomeMy WebLinkAboutResolution No. 5905 RESOLUTION NO. 5905
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF DOWNEY APPROVING THE FINAL
SUBDIVISION MAP OF PARCEL MAP NO. 24209
(8610 -26 FIRESTONE BOULEVARD), APPROVING
AN AGREEMENT WITH THE SUBDIVIDER AND
ACCEPTING AN IRREVOCABLE STANDBY 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. 24209, approved
d er
by the Planning Commission and by the City Engineer.
SECTION N 2. There is herewith submitted to the City Council a proposed
contract between ween 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
Standby 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 division ma of Parcel Map No. 24209 submitted to this
meeting, be and the same, is hereby approved;
b) That the Mayor of f 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 Ire Standby vocable Standb Letter of Credit on file in lieu of the surety
bonds presented for faithful performance erformance 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 ies of this Resolution to the Director of Public
p
Wo
Works of the County of Los Angeles.
APPROVED AND
ADAPTED THIS 1901 day of sPpi- , 1995.
V141/00etti r4
Gary P, McCaughan, ' ybr
ATTEST:
,, r (
Cv dLL ate lOatiall
City Clerk
I HEREBY CERTIFY that the foregoing Resolution was duly
adopted by the y
Cit Council of the City of Downey at a regular
-� meeting 12ah day meetin thereof held on the y of FeTte e , 1995, by
the following vote to wit:
AYES : 5 Council Members: cgs, Lawrence, Riley, Brazelton, McCaughan
NOES: 0 Council Members: None
ASSENT: 0 Council Members: None
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di,r1, , II i fr' /
City Clerk
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OFFICE/AOENDAS/PM2A2 . RES