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HomeMy WebLinkAboutResolution No. 14-7509 - Approving Tract Map No. 72267, and Agreement for Construction of Subdivision Improvements with the SubdividerRESOLUTION NO. 14-7509 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DOWNEY APPROVING TRACT MAP NO. 72267, AND AN AGREEMENT WITH THE SUBDIVIDER PERFORMANCE BOND IN FORM OF CASH DEPOSIT AS SURETY. WHEREAS, on April 29, 2014, the Planning Commission considered Tract Map No.72267 and adopted a minute action recommending City Council approval of said map. 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. WHEREAS, said agreement includes the required performance bond in form of cash deposit (Exhibit “B”) as surety for faithful performance of the terms of the agreement NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF DOWNEY DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. That Tract Map No. 72267, is hereby approved; and, SECTION 2. That the agreement for Construction of Subdivision Improvements is hereby approved and that the Mayor is hereby authorized to execute the proposed agreement between the City and developer; and, SECTION 3. 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 12tF' day of August, nR3bl ATTEST: tLd ADRIF©: JIM–E–iT! City Clerk / qC (}ul , CMC 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 12th day of August 2014, by the following vote, to wit AYES: NOES: ABSENT: ABSTAIN : Council Members: Council Members: Council Members: Council Members: Brossmer, Guerra, Saab, Marquez, Mayor Vasquez None None None L.beTh' ,a,, E City Clerk