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RESOLUTION NO. 1417.
A RESOLUTION OF THE CITY COUNCIL OF THE CrTY OF ARCADIA
APPROVING BOND TO GUARANTEE THE COST OF IMPROVEMENTS AND THE TIME OF
COMPLETION THEREOF IN TRACT NO. 13313.
THE CITY COUNC IL OF THE CITY OF ARCADIA DOE S RESOLVE AS FOLLOWS:
SECTION 1. WHEREAS, final map or proposed Tract No. 13313 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
Fidelity and Deposit Company of Maryland, as Surety, and Rancho Santa
Anita, Inc., as principal, dated August 3, 1945, for the sum of Fourteen
Thousand Seven Hundred Fifty and nO/100 ($14,750.00) DOllars, guarantee-
ing the installation of cast iron water mains; the installation of curbs,
gutters and pavementl together with necessary grading, in said Tract No.
13313, as described in said bond be and the same is hereby approved and
accepted upon the terms and conditions stated therein,
BE IT FURTHER RESOLVED that all improvements required to be made
in said Tract on streets and installation of water lines shall be
completed within one year from the date of said Bond.
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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
4th day of September. 1945, by the affirmative vote of at least three
Councilmen, to wit.r
AYES: Councilmen Adcock, Leeper, Nugentl Ormsby and Russell
NOES: None
ABSENT: None
.
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Signed and approved this 4th day of September, 1945.
ATTEST:
-~~~y
/7;. /Y O~
Mayor
Clerk.