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RESOLUTION NO. 1435.
A RESOLUTION OF THE CITY CJUNCIL OF THE CITY OF ARCADIA
APPROVING BOND TO GUARAl!TEE THE COST OF mPROVElIENTS AND THE TIME
OF COMPLETION THEREOF IN TRACT NO. 13345.
THE CITY COffifCIL OF THE CITY OF ARCADIA DOES RESOLVE AS
FOLLO'::S:
SECTION 1. VffiEREAS, final map of proposed Tract No. 13345
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, THERSFORE, BE IT RESOLVED, that surety Bond executed by
Associated Indemnity Corporation, as Surety, and Vido Kovacevich and
Floyd A. Helman, as Principals, dated November 8th, 1945, for the
sum of Twenty-Eight Thousand Five Hundred ($28,500.00) Dollars,
guaranteeing the installation of cast iron ~ater mains; the installation
of curbs, gutters, and pavement together with necessary grading, in
said Tract No. 13345, 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 said streets and installation of water lines
shall be completed within one year from the date of said Bond.
SECTION 2. The City Council 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 20th day of November, 1945, by the affirmative vote of at least
three Councilmen, to vdt:
AYES: Councilmen,Adcock, Leeper. Nugent, Ormsby and Russell
NOES: None
ABSENT: None
Signed and ap proved this20thday of November,
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. lr{D;XLrJ
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I,Ia or
City Clerk.