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HomeMy WebLinkAboutResolution No. 6170 RESOLUTION NO. 6170 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DOWNEY APPROVING THE FINAL SUBDIVISION MAP OF TRACT MAP NO. 52409 (7813-23 STEWART & GRAY ROAD), APPROVING AN AGREEMENT WITH THE SUBDIVIDER AND ACCEPTING AN IRREVOCABLE STANDBY 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 by the owner and subdivider thereof, a final subdivision map of Tract Map No. 52409, 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 Standby Letter of Credit as surety for faithful performance of the terms and conditions s of said contract and for labor and materials. SECTION 4 O . The Downey City Council does hereby order: a) That the subdivision map of Tract Map No. 52409 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 agents, and the same, is hereby approved; c) That the Irrevocable Standb Letter of.--. ) Standby o Credit on file 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 5. The City Clerk shall certify to the adoption of this Resolution and forward two (2) certified copies of this Resolution to the Director of Public Works of the County of Los Angeles. APPROVED AND ADOPTED THIS 26th day of May , 1998. Altljt1,144, Mayor ATTEST: (FM D E. MC DONNELL, City Clerk RESOLUTION NO. 6170 Page 2 I HEREBY CERTIFY that the foregoing Resolution was approved and adopted at a regular meeting of the City Council of the City of Downey held on the 26TH day of May 1998,by the following vote: AYES: 3 Council Members: McCarthy,Lawrence,Brazelton NOES: 0 Council Members: None ABSENT: 1 Council Members: McCaughan ABSTAIN: 1 Council Members: Riley 7H E. MC DONNELL, City Clerk S:\WPWIN\AQDA05261TRK52409.REC