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HomeMy WebLinkAbout1726 RESOLUTION NO. 1726: A RESOLUTION OF THE CITY COUNCIL OF THE CIT~: OF ARCADIA, APPROVING BOND TO GUARANTEE THE COST OF IMPROVEMENTS AND THE TIME OF COM- PLETION THEREOF IN TRACT NO. 1336.71. THE CITY OOUNCIL OF THE CITY OF ARCADIA, CALIF- ORNIA, DOES RESOLVE AS FOLLOWS~ SECTION 1. WHEREAS, final map) of proposed Tract No. l336~has heretofore been approved by this Counc~l subject to the approval of bond to guarantee the cost of improvements aSl follows,:, the construction and installation of curbs:, gutters' and pavement, together with the necessary grading, and the construction of storm drains, water mains and sanitary. sewers~ all of which :1s; outlined and described on construction plans) and profiles em file in the office of the City Engineer of the Ci ty of Arclld:La, NOW, THEREFORE, BE IT RESOLVED; that the Surety Bond e~ecuted by Santa Anita Improvement Co., a cor- poration, as Principal, and Glens Falls Indemnity Company, a corporation, liS Surety, dated November 1, 1947., for the sum of Sixty-seven thousllnd three h1ll1dred Dollars. ($67,300.00)', guaran- teeing the improvements in and adjoining Tract No. l336T-, in- cluding the construction and installation of curbs, gutters1 and pavement, together with the necessary grading, and the con- struction of storm drains, water mains and sllnitary sewers;, all of which is oU.tlined and described on construction plans and profiles on file in the office of the City Engineer of the City of Arcadia Lind as described in said bond: (all work to be done in accordance with the present standard specifications of the Ci ty Engineer of the City of Arcadial', as well as the construc- tion and enlargement of the existing ditch located approximately' seven h1ll1dred (700) feet north of Grand View Avenue, to th~ satisfaction of said City Engineer, be, and the same is herebyr IN~F.XC.~ approved ~nd accepted upon the terms and conditions therein stated. BE IT FURTHER RESOLVED that all improvements; required to 1:le made in said tract on said streets and instal- lation of water lines and sanitary sewers; shall be completed within one year from the dat'e of said bond. -., BE IT FURTHER RESOLVED that the City of, Arcadia approve and accept from the said Santa Anita Development Co. that certain written agreement dated October 28~ 19471, by, the terms of Which it was understood and agreed that the Santa Anita Development Co. will improve and dedicate to said City for street and highway purposes a strip of land thirty (30)" feet in width lying immediately south of, and adjoining, said tract, if said land be not acquired by the Arcadia City School District. 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 10th day of November, 1947~ by the affirmative vote of at least three Councilmen, to wit:' AYES:' Councilmen, Adcock, Leeper, Nugent, Ormsby and Russell NOES: None ABSENT: None :::? f? ~ - (, 0..., Ci ' Clerk of the City of! Arcadia {/ SIGNED and APPROVED this lOth day of November, 1947~ /}1. -fr~ Mayor of the y 0 cadia ATTEST:: -2-