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FESOLJTION NO. 1342.
A HESOLUTION OF THE CITY OF AHCADIA FIXING TfiE AEOUNT OF bOlm
TO GU....RAI:TEE'l':"E COST OF Ii,IPr,OVEi,:Z:,TS A::D 'l';]}; TIilE 01 COi,iPL:...T:lON
'l'.':EREOF III 'l'RACT NO. 12900.
THE CITY COUNCIL OF THE CITY OF ARCADIA DOES RESOLVE j,S FOLLOWS:
SECTION 1. Vn~R~AS, the final map of proposed Tract No. 12900
has heretofore been approved by this COQDcil subject to the anount of
bond being fixed to ~~arantee the cost of improvements of proposed streets
and installation of TIater lines in said Tract;
NO\'!, THEREFO:1E, BE IT RESOLVED, that Surety Bond No. 4729869
executed on the 5th day of December, 1944, by Rancho Santa Anita., Inc.,
a corporation, as principal, and Fidelity and:Deposit Company of Maryland,
a corporation, as surety, for the sum of Twenty Seven Thousand Two
Hundred Fifty ($27,250) Dollars, 6uaranteeing the improvement of streets,
curbs and gutters, together with the installation of l'later lines in said
Tract No. 12900, as described in said Bond, be and the same is hereby
approved and accepted upon the terms and conditions stated therein.
BE IT FURTh~R RESOLv~D, 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 prOIJOsed tract on behalf of the City of Arcadia.
SECTION 3. The City Clerk shall certify to the adoption of this
Resolution.
I hereby certify that the foregoins Resolution was adopted at
a regular meetinb of the City Council of the City of Arcadia, held on
the 19th day of December, 1944, by the affinnative vote of at least
three COilllcilmen, to-~it:
AYES: Councilmen, Adcock, Billig, Leeper, Nugent and Ormsby
NOES:
None
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AJSSiIT: None
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Sigl'l:ed and' ':'ap)?roved
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t':1is
19th day of December, 1944.
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Mayor
ATTEST:
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City Clerk.