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HomeMy WebLinkAbout1764 , . 1 RESOLUTION NO. 1764 A RESOL~TION OF THE CITY COUNCIL OF THE CITY OF ARCADIA, CALIFORKIA, APPROVING BOND TO GUARANTEE THE COST OF IM- PROVEThffiKTS AND THE TI~lli OF COMPLETION THEREOF IN TRACT NO. 10725. THE CITY COUNCIL OF THE CITY OF ARC~DIA DOES RESOLVE AS FOLLOWS: SECTION L. ,ffiEREAS, final map of proposed Tract No.10725 has heretofore been approved by this Council subject to the ap- proval of bond to guarantee the cost of improvements as follows: the construction and installation of curbs, gutters and pavement, together with the necessary grading, and the construction and installation of water mains and sanitary sewers, all of which is outlined on construction plans and profiles on file in the office of the City Ellgineer, also the construction and enlargement of the existing ditch located approximately 700 feet north of Grand View Avenue, to the satisfaction of the City Engineer of the City of Arcadia, all work to be done in accordance with the present stan- dard specifications of the City of Arcadia. NOW, THEREFORE, BE IT RESOLVED that the surety- bond executed by Santa Anita Improvement Co., as Principal, and Glens Falls Indemnity Company, as Surety, dated April 17, 1948, for the sum of Twenty-three Thousand ($23,OOO.OO) Dollars, guaranteeing the improvements in said Tract No. 10725, including the construction of curbs, gutters and pavement, together with the necessary grading, the construction and installation of water mains and sanitary sewers, as outlined on construction plans on file in the office of the City Engineer and as described in said bond, also the construction and enlargement of the aforesaid ditch, be, and the swne 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, pavement, water mains and fire hydrants and improvement elf the aforesaid ditch 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 foregoing Resolution was adopted at a regular meeting of the City Council of the City of Arcadia, held on the 20th day of April, 1948, by the affirmative vote of at least three Councilmen, to wit: AYES: Councilmen Boucher, Ewing, Klomp, Nugent and Russell NOES: None ABSEXT: None '~:~ Ci Y SIGNED AND APPROVED this 2Qth day of April, 1948. zi?~ Mayor of the City of Arcadia ATTEST: d?L~~~ CITY CLER /'"