Loading...
HomeMy WebLinkAbout1324 RESOLUTION NO. 1324. A RESOLUTION OF THE CITY OF ARCADIA FIXING THE MWUNT OF BOND TO GUARANTEE THE COST OF IMPROVmJENTS AND THE TIME OF COM- PLETION THEREOF IN TRACT NO. 12S90. THE CITY COUNCIL OF THE CITY OF ARCADIA DOES RESOLVE AS FOLLOWS: SECTION I. WHEREAS, a final map of proposed Tract No. 12890 has heretofore been approved by this Council.subject to the amount of bond being fixed to guarantee the cost of improvement of proposed streets and installation of water lines in said tract; NOW, THRREFORE, BE IT RESOLVED, that there shall be deposited with the City of Arcadia ~ good and sufficient cash bond in the sum of Three Thousand ($3,000.00) Dollars to guarantee the cost of installation of water lines in said proposed Tract No. 12890; BE IT FURTHER RESOLVED, that Surety Bond No. 78346 executed by the Title Insill'ance and Trust Company, principal, as Trustee, and General Casualty Company of America, as Surety, for the sum of Four Thousand ($4,000.00) Dollars guaranteeing the improvement of streets, curbs and gutters in said Tract No. 12890, as described in said bond, be and the same is hereby approved and accepted upon the terms and con- ditions stated therein. BE IT FURTHRR RESOLVED, that all improvements required to be made in said Tract on streets and installation of water lines Shall be completed within one (1) year from the date hereof. SECTION 2. The City Clerk is hereby authorized to execute final map of said proposed tract on behalf of the City of Arcadia. SECTION 3. The City Clerk shall certify to the adoption of this Resolution. I h~reby-cej~ify that the foregoing Resolution was adopted at a regular me'eting of the- City Council of the City of Arcadia, held on the 17th d~i,of Octobel1, <~1944, by the affirmative vote of at least three Counc ilmen, to-wit: " AYES: CounciLmen, Adcock, NOES:-None- ABSENT: None ,- Bl1lig,'Leeper, Nugent and Ormsby -~y~ Signed and approved this 17th day of October, 1944. ATTEST: ~~ '??l#H Mayor Ci ty C1e rk.