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HomeMy WebLinkAboutResolution No. 6030 RESOLUTION NO. 6030 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DOWNEY APPROVING AN AMENDED AND RESTATED SUBDIVISION AGREEMENT WITH THE SUBDIVIDER FOR PARCEL MAP NO. 24007 (9602 -34 WASHBURN ROAD), AND ACCEPTING OF A LETTER OF CREDIT AS SURETY THE CITY COUNCIL OF THE CITY OF DOWNEY DOES RESOLVE AS FOLLOWS: SECTION 1. There is herewith submitted to the City Council, an amended and restated Contract between the City of Downey and the Subdivider of said Parcel for the construction of certain improvements within said subdivision that have not been completed. SECTION 2. The above described Contract is accompanied by a Letter of Credit as surety for faithful performance of the terms and conditions of said Contract, and for labor and materials. SECTION 3. The Downey City Council does hereby order: a) That the Mayor of the City of Downey is hereby authorized and directed to execute the proposed Contract between the City and said Subdivider, and the same is hereby approved; c) That the Letter of Credit as surety 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 4. The City Clerk shall certify to the adoption of this Resolution. APPROVED AND ADOPTED THIS 25th day of February , 1997. `- AW/LeAtc,k- JO►_ . LAWRENCE , Mayor ATTEST: ( ; - )-6(eiGt/ ir „- ,TOD'ITH E. MC DONNELL 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 .,5th day of February , 1997, by the following vote to wit: AYES:5 Council Members: McCaughan, Riley, Brazelton, McCarthy, Lawrence NOES:0 Council Members: None ABSENT:0 Council Members: None M2a JU T E. MC DONNELL, City Clerk SSY /jw S: \W PW I N \AG DA0225 \REDMAYN 1. W PD