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HomeMy WebLinkAbout1530 RESOLUTION NO. l5'~O. A RESOLUl'ION 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. 1435'9. THE CITY COUNCIL OF THE CITY OF ARCADIA DOES RESOLVE AS FOLLOWS: SECT ION 1. WHEREAS, final map of proposed Tract No. 14359 has heretofore been approved by this Council subject to the approval of Bond to guarantee the cost of improvement of proposed streets and installation of water lines in said tract: NOW, THEREFORE, BE IT RESOLVED that Surety Bond executed by William R. Buster, as Principal, and Indemnity Insurance Company of North America, as Surety, dated October 24th, 1946, for the sum of Twelve Thousand Dollars ($12,000.00), guaranteeing the improvement of Fifth Avenue and Rodell Plave, in Tract No. 1435'9, in the City of Arcadia, California, by installing curbs, gutters, oil macadam pave- ment, water mains, and fire hydrants along with connections with existing mains, as outlined on construction plan on file in the office of the City Engineer 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 6th day of November, 1946, by the affirmative votes of at least three Councilmen, to wit: AYES: Councilmen Adcock, NOES: None ABSENT: None Leeper, Nugent, Ormsby and Russell SIGNED AND APPROVED this 6th day of ~c: ~7 City Clerk November, 1946. ~/?~~' City Clerk t'fh- N.~, MAYOR ATTEST: 1l\1lS<'.