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HomeMy WebLinkAbout1363 RESOLu~ION NO. 1363. RESOLUTION OF TEE CITY OF ARCADIA APPROVING BOND TO GUARANTEE THE COST OF IMPROVEMENTS AND 'l't'~ 'rIME OF COMPLETION THEREOF IN TRACT NO. 13191. THE CI'l'Y COUNC IL OF' THE CITY OF ARCADIA DOES RESOLVE AS FOLLOWS: SECTION 1. \~rlEREAS, final map of proposed Tract No. 13191 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, THERERORE, BE IT RESOLVED, that Surety Bond executed by Fidelity and Deposit Company of Maryland, as Surety, and Rancho Santa Anita, Inc., as Principal, dated February 16, 1945, for the sum of Eighteen Thousand ($18,000.00) Dollars, guaranteeing the installation of water lines, curbs', gutters and pavement in said Tract No. 13191, as described in said bond be and the same is hereby approved and accepted upon the terms and conditions stated therein. BE IT FURTlillR 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. SECTION 2. Tbe 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 20th day of February, 1945, by the affirmative vote of at le as t three Counci Imen, to-wit: AYES: Councilmen, Adcock, Billig, Nugent and Ormsb1 NOES: None . ABSENT: Councilman Leeper ..::. . ~ --:..-\,."::--. ,-, / ~ "': "," ~~~ , ~ - City /eaer. - Signed and ~pproved thi~ 20thday of ---.- February , 1945. ~ - .. -( " /}.N~~ -- -,-'" . ~ - ATTEST: , ' '!:" ,:.'- /~ ~ City Clerk.