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RESOLUTION NO. 1299.
RESOLUTION OF THE CITY OF ARCADIA FIXING THE AMOUNT OF BOND
TO GUARANTEE THE COST' OF IMPROVEMENTS AND THE TIME OF COMPLETION THEREOF
IN TRACT NUMBER 12542.
THE CITY COUNCIL OF THE CITY OF ARCADIA DOES RESOLVE AS
FOLIDWS:
SECTION 1. WHEREAS, a final map of proposed Tract No. 12542
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, THEREFORE, BE IT RESOLVED, that there shall be posted
with the City of Arcadia a good and sufficient surety bond in the sum of
TWENTY-FOUR THOUSAND ONE HUNDRED ($24,100.00) DOLLARS to guarantee the
cost of the improvement of the proposed streets and the installation of
water lines in said proposed Tract No. 12542.
BE IT F'URTHER 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 date hereof.
The City Clerk is authorized to execute the final map of said
proposed tract at such time as the conditions set forth herein are per-
formed.
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 17th day of May, 1944, by the affirmative vote of at least three
Councilmen, to-wit:
AYES: Councilmen, Adcock, Jones, Leeper, Nugent and Ormsby
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NOES: None
ABSENT: None
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Signed and approved this 17th day of May, 1944.
ATTEST:
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City Gierk. --'
1J/. AI C9~1-
Mayor