HomeMy WebLinkAboutCC Res 2546 1976-04-26
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RESOLUTION NO. .~S-~~
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF SEAL BEACH AUTHORIZING THE RELEASE OF THE
TIME CERTIFICATE OF DEPOSIT SECURING THE
OBLIGATION TO CONSTRUCT PUBLIC IMPROVEMENTS
IN CONJUNCTION WITH TRACT NO. 8534.
WHEREAS,
on September 12, 1974, the Bixby Ranch Company delivered to
the City of Seal Beach a time certificate of deposit in the
amount of $135,000 to secure their obligation to complete
construction of streets, sewers, storm drains, water mains,
landscaped park and other improvements in accordance with
the plans; and
on December 29, 1975, the City Council authorized the
reduction in the time certificate of deposit because most
of the required public improvements had been completed; and
WHEREAS, the Bixby Ranch Company has completely complied with the
construction of required improvements.
WHEREAS,
NOW, THEREFORE, the City Council of the City of Seal Beach does authorize
the release of the time certificate of deposit guaranteeing faithful
performance for completion of all public utilities and other public
improvements for the Tract 8534.
PASSED, APPROVED, AND ADOPTED by th~.City counci~;~e City of Seal
Beach at a meeting held on the c2.6l!t day of :.L, 1976,
by the following vote: ~
AYES: Council members :t;~&l.~b,~~j}J;~/~
NOES: councilmembers~ '
ABSENT: councilmembers~
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