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HomeMy WebLinkAbout4378 " RESOLUTION NO. 4378 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ARCADIA AMENDING RESOLUTION NO. 4362 RELATING TO THE INSTALLATION OF STREET LIGHTS ON RANCHO ROAD PURSUANT TO THE 1911 IMPROVEMENT ACT. WHEREAS, the City Council of the City of Arcadia by Resolution No. 4362 expressed its intention to install street lights on Rancho Road between the Foothill Freeway and Foothill Boulevard, and to contribute City funds to pay seventy-five per cent (75%) of the cost of construction, the balance to be paid for by assessments made under the 1911 Improvement Act; and WHEREAS, the total estimated cost of the improvement is $4,320.00 of which the City would pay $3,240.00 cash and the property owners $1,080.00 pursuant to a warrant assessment; and WHEREAS, it is probable that a lower bid will be obtained for the improvement if the award of the contract provides for a full cash payment; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ARCADIA AS FOLLOWS: SECTION 1. Resolution No. 4362 is amended by adding Section 2A thereto to read as follows: "SECTION 2A. The City Council hereby elects to purchase out of the General Fund of the City an assignment of the warrant assessment and diagram, for twenty-five per cent (25%) of the amount of the contract upon delivery of the warrant to the contractor, at the option of the contractor." SECTION 2. The City Clerk shall certify to the adoption of this resolution. I HEREBY CERTIFY that the foregoing resolution was adopted at a regular meeting of the City Council of the City of -1- 4378 Arcadia held on the 2nd day of October , 1973, by the affirmative vote of at least three Councilmen, to wit: AYES: Councilmen Hage, Helms, Scott and Arth NOES: None ABSENT : Councilman Butte<wo,th ~ ~~hty 0' A"~ SIGNED AND APPROVED this 2nd day of October , 1973. (!< /P~~ Mayor of the City of Arcadia (SEAL) -2- 4378