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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
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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)
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4378