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Home My WebLink About1750 RESOLUTION NO. l750 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ARCADIA, CALIFORNIA, APPROVING BOND TO GUARANTEE THE COST OF IM- PROVEMENTS AND THE TI1tE OF COMPLETION THEREOF IN TRACT NO. l5038. THE CITY COUNCIL OF THE CITY OF ARCADIA DOES RESOLVE AS FOLLOWS: SECTION l. WHEREAS, final map of proposed Tract No. l5038 has heretofore been approved by this Council subject to the ap- pro val of bond to guarantee the cost of improvements as follows: The installation of six-inch (6") cast iron water mains in said Tract No. l5038; and the installation of curb, gutter and pavement, together with the necessary grading, all as outlined on construction plans on file in the office of the City Engineer. All work to be done in accordrolce with the present standard specifications of the City of Arcadia.. NOW, THEREFORE, BE IT RESOLVED that the surety bond executed by RANCHO SANTA ANITA, INC., as Principal, and FIDELITY AND DEPOSIT COMPANY OF MARYLAND, as Surety, dated February 19, 1948, for the sum of EIGHT THOUSAND ONE HUNDRED DOLLARS ($8,lOO.00), guaranteeing the improvements in said Tract No. l5038, including the installation of six-inch (6") cast iron water mains and the installation of curb, gutter and pavement, together with the necessary grading, all as' outlined on construction plans on file in the office of the City Engineer and as described in said bond, be, and the same 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 water mains and the installation of curb, gutter and pavement, together with the necessary grading shall be completed within one year from the -l- INDEXED date of said bond. SECTION 2. The City Clerk shall certif'y to the adoption of this Resolution. I HEREBY CERTIFY THAT the foregoing Resolution was adopted at a regular meeting of t he City Council of t he City of Arcadia, held on the 2nd day of March, 1948, by the affirmative vote of at least three Councilmen, to wit: AYES: Councilmen, Adcock, Leeper, Nugent, Ormsby and Russell NOES: None ABSENT: None SIGNED and APPROVED this 2nd day of March, 1948. rJu.4~ . Mayor of the C ty of Arcadia. ATTEST: ~~ Li~ C ty Clerk '7 -2-