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HomeMy WebLinkAboutResolution No. 14-7502 - Approving Parcel Map No. 71927 & Subdivision Agreement For 9528 Lemoran Avenue & Accepting A Subdivision Improvement Performance Bond As SuretyRESOLUTION NO. 14-7502 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DOWNEY APPROVING PARCEL MAP NO. 71927, AN AGREEMENT WITH THE SUBDIVIDER AND ACCEPTING A SUBDIVISION IMPROVEMENT PERFORMANCE BOND AS SURETY WHEREAS, on June 19, 2014, the Planning Commission considered Parcel Map No. 71927 and adopted a minute action recommending City Council approval of said map; and, WHEREAS, a proposed required subdivision agreement (Exhibit “A”) between the City and the developer of said property for the construction of certain public improvements has been submitted to the City for approval and execution; and, WHEREAS, said agreement includes a required performance bond (Exhibit “B”) as surety for faithful performance of the terms of the agreement; and, NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF DOWNEY DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1.That Parcel Map No. 71927 is hereby approved SECTION 2. That the Mayor is hereby authorized to execute the proposed agreement between the City and developer. SECTION 3. That the subdivision improvement faithful performance bond is hereby accepted . SECTION 4. The City Clerk shall certify to the adoption of this Resolution and further instructed to forward two (2) certified copies of this Resolution to the Director of Public Works of the County of Los Angeles APPROVED AND ADOPTED this 8th day of July, 2t:FI +mDFm 'Mayor City Clerk I HEREBY CERTIFY that the foregoing Resolution was adopted by the City Council of the City of Downey at a regular meeting held on the 8th day of July, 2014, by the following vote, to wit: AYES: NOES: ABSENT: Council Members: Council Members: Council Members: Brossmer, Guerra, Saab, Marquez, Mayor Vasquez None None ABSTAIN Council Members None City Clerk