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HomeMy WebLinkAbout1861 R~SOLUTION NO. 1861 ~ RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ARCADIA, APPROVING BOND TO GUARANTEE THE COST OF II.:PROVEUENTS AND THE TIME OF COMPLETION TEREOF IN TRACT NO. 132132. THE CITY COUNCIL OF THE CITY OF A.ltCADIA, CALIFORNIA, DOES RESOLVE AS FOLLOWS: SECTION~. WHEREAS, final map of proposed Tract No. 13252 has heretofore been approved by this Council subject to the approval of bond to guarantee the cost of improvements as follovls: the installation of curbs, cutters, oil macadam pavement, water mains, and fire hydrants alone with connections with existing mains in Tract No. 13252 in the City of Arcadia, California, NOW. THEREFORE, BE IT RESOLVED, that the sc~ety bond executed by G. W. I.JARKS and 1. ISAKSON doing business as ARCADIA-MONROVIA REALTY as Principal, and GE}rnRAL CASUALTY CO~PANY OF AMERICA, a Co~poration, as Surety, dated March 28th, 1949, for the sum of FIVE THOUSAND AND NO/IOO DOLLARS, ($5,000.00). guaranteeinG the improvements in said Tract No. 13252, including the installation of curbs, gutters, oil macadam pavement, water mains, and fire hydrants along with connections with existing mains, in Tract No. 13252 in the city of Arcadia., California, accordine to plans therefor on file in the office of the City Engineer of the City of Arcadia, and as described in said bond, be, and the sarne is hereby approved and accepted upon the terms and conditions therein stated. BE IT FURTHER RESOLVED that all improvements required to be made in said Tract on said streets and installation of curbs. gutters, oil macadam pavement, water mains, and fire hydrants along ~th con- nections with existing mains shall be completed within one year from the date of said bond. SECTION 2. The City Clerk shall certify to the adoption of this Resolution. I HEREBY CERTIFY that the foreeoing Resolution was adopted -1- \~,...::::'_O at a re8ular meeting of the City Council of the City of Arcadia, held on the 5th day of April, 1949, by the affirmative vote of at least tnree Councilmen, to wit: AYWS: Councilmen, Boucher, Klomp, Nugent and Russell ROES: None ABSENT: Councilman Libby C1t~~ ~O'di' SIGNED and APPROVED this 5th day of April, 1949. ~~R,,<,h/ I:ayor 0 the City of Arcadia ATTEST: ~~'?f -2-