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HomeMy WebLinkAbout1612 RESOLUTION NO. 1612 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ARCADIA, CALIFORNIA, APPROVING BOND TO GUARANTEE THE COST OF IMPROVEMENTS AND THE TIME OF COMPLETION THEREOF IN TRACT NO. 14651. THE CITY COUNCIL OF THE CITY OF ARCADIA DOES RESOLVE AS FOLLOWS: SECTION 1. iVHEREAS, final map of proposed Tract No. 14651 has heretofore been approved by this Council subject to the approval of Bond to guarantee the cost of improvements of proposed streets and installation of water kines in said tract: NOW, THEREFORE, BE IT RESOLVED that the Surety Bond executed by J. W. Bailey, as Principal, and United Pacific Insurance Company, as Surety, dated March 13th, 1947, for the sum of Twenty-eight Thousand Dollars ($28,000.00), guaranteeing the improvements in and adjoining Tract No. 14651, including the construction of curbs, gutters, pavement, together with necessary grading and complete installation of sanitary sewer system together with 6 inch house connections to curb line, 6 inch cast iron water main and 2 inch galvanized water main, and hydrant connecting to existing water mains, as shown on construction plan on file in the office of the City Engineer of the City of Arcadia and as described in said Bond, be and the same is hereby approved and accepted upon the terms and conditions therein stated. BE IT FURTHER RESOLVED that all improvements required to be made in said tract on said streets and installation of water lines shall be completed within one year from the date of said Bond. 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 Arcadia, held on the 18th day of March, 1947, by the affirmative votes of at least three Councilmen, to wit: AYES: Councilmen AdCOCk, Leeper, DrlJl5by,and' Ri.Ul!lell NOES: None . ABSENT: :Councilman Nugent ~~ $~~ ~ City C~ SIGNED AND APPROVED this 18th day~ March, 1947. ATTES~~ //:. /fx- H.~ CITY CLERK ~ MAYOR ,.....,#>