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HomeMy WebLinkAboutResolution No. 16-7629-Approving Parcel Map No. 73125, Agreement w- Subdivider[*10 10 e •' • i • • i • IWIN"W"iNZ11" I ' W111:1 r ; r • • • Ma i a �i WHEREAS, on April 6, 2016, the Planning Commission considered Parcel Map No.73125 and adopted a minute action recommending City Council approval of said map. WHEREAS, a proposed required Subdivision Improvement 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 a performance bond inform of cash deposit (Exhibit "B ") as surety for faithful performance of the terms of the agreement. NOW • DOWNEY DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1; The Parcel Map No. 73125 is hereby approved; and, SECTION 2. That the Agreement for Construction of Subdivision Improvements attached herein as Exhibit "A" is hereby approved and that the Mayor is hereby authorized to execute the proposed Agreement between the City and the developer; and, SECTION 3. The City Clerk shall certify to the adoption of this Resolution and is further instructed to forward two (2) certified copies of the adopted Resolution to the Director of Public Works of the County of Los Angeles. APPROVED AND ADOPTED this 26th day of April, 2016. ATTEST: if r` { r ``t 's•*" '` ACFIA M. JIMENEZ, MC City Clerk IM y - W-A 0 �10� �A . 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 26th day of April, 2016, by the following vote, to wit: AYES: Council Members:: Ashton, Brossmer, Marquez, Vasquez, Mayor Saab NOES: Council Members: None, ABSENT: Council Members: None. ABSTAIN` Council Members. None «`" i ACS IA M. JIMENEZ," C City Clerk CITY • DOWNEY AGREEMENT FOR CONSTRUCTION OF SUBDIVISION IMPROVEMENTS (Guaranteed by a Subdivision Cash Deposit) 4. Should the security not be renewed and the improvements have not been completed, developer shall be deemed in default in this agreement® 1 2 12. This Agreement shall run with the land and shall bind and obligate, and inure to the benefit of, the successors and assigns of the parties hereto® By '41 z avier Ordonez Owner (Title) (TO BE NOTARIZED) CITY OF DOWNEY APPROVED AS TO FORM: By pv� T Y ATTORNEY I M