HomeMy WebLinkAboutCC Res 1421 1966-03-07
.1
I
I
<
Jl. ,~(\
I.:
~.
.r
..
RESOLUTION No.~1
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SEAL BEACH ACCEPTING A THREE-PARTY AGREEMENT TO
GUARANTEE CERTAIN PUBLIC IMPROVEMENTS WITHIN
TRACT 6016.
THE CITY COUNCIL OF THE CITY OF SEAL BEACH DOES HEREBY RESOLVE:
WHEREAS, it is necessary that the cost and construction of
public improvements within Tract 6016 be guaranteed by the Subdivider
of said tract, and
WHEREAS, the estimated cost of the public improvements
required within Tract 6016 is estimated to be $171,900. and must be
guaranteed for that amount, and
WHEREAS, it is necessary to enter into an agreement between
the City, Subdivider, and the lending institution to provide for the
guarantee of the construction of said improvements;
NOW, THEREFORE, BE IT RESOLVED that the Mayor of the City
of Seal Beach is directe~ to execute an agreement and the City Council
accepts a letter of Credit to guarantee the construction of the public
improvements within Tract 6016.
PASSED, APPROVED, AND ADOPTED by the City Council of the City of
Seal Beach at a meeting held on the 7th day of March, 1966, by the
following vote: ~ ~R
AYES: Councilmen L:J<T-L4'..../ ~~
NOtS: Councilmen ~
ABSENT: Councilmen ~
The foregoing resolution is signed by me this 7th day of March,
1966.
ATTES~ :
_.rJd.-- ~
~ .
/~~fi
City Clerk
J
. ,",J ~,: ;;I'~t:.
, .\ ':'-'~'<<~"t..
,... r.,.;.... ,.. -c.
, . ";1,~': 'l:; '1::,~
, ""<"~ . ':l.
~ ~ ;; '~:-=:,g
~, :.; ~ ,,=f ~of
;. -.. ~ :"'-c r:'"' ~
-...."" ,t'o ~"'t,,.,,",' r
. '~ '"h..:'t '':'; #; ,
~ ~~~.;g.- -'- .'
c- '\ <:.
. 'l...........: