HomeMy WebLinkAboutReso 1973-7087Form No. 342
Rev. 9-71
RESOLUTION NO. 7087
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA, APPROVING AGREEMENT BETWEEN THE CITY OF CHULA
VISTA AND EL RANCHO DEL REY, FOR COMPLETION OF IMPROVE-
MENTS IN EL RANCHO DEL REY UNITS N0. 1 AND 2
AND AUTHORIZING THE MAYOR TO EXECUTE SAID AGREEMENT
The City Council of the City of Chula Vista does hereby
resolve as follows:
NOW, THEREFORE, BE IT RESOLVED that that certain agreement
between THE CITY OF CHULA VISTA, a municipal corporation, and
EL RANCHO DEL REY, a Califo rnia corporation, for certain improvements
consisting of stabilization of slopes and grading and certain drainage
improvements as shown on City of Chula Vista Drawing No. 72-53D,
in E1 Rancho del Rey Units No. 1 and 2,
dated the 13th day of November , 19 73
which is attached hereto and incorporated herein, the same aspthough
fully set forth herein be, and the same is hereby approved.
BE IT FURTHER RESOLVED that the Mayor of the City of Chula
Vista be, and he is hereby authorized and directed to execute said
agreement for and on behalf of the City of Chula Vista,
Presented by
,.
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La a F. Cole, Director of Public
Works
ADOPTED AND APPROVED by
VISTA, CALIFORNIA, this 13th day
the following vote, to-wit:
Approved as to form by
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George Lindberg, City Attor ey
the CITY COUNCIL of the CITY OF CHULA
of November 19 73 by
AYES : Councilmen Hobel, Hamilton, Hyde, Egdahl, Scott
NAYES : Councilmen None
ABSENT: Councilmen None
ATTE
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO j ss,
CITY OF CHULA VISTA j
I' City Clerk of
Chula Vista, California, DO HEREBY CERTIFY that the above is a
and correct copy of Resolution No. and that the same
been amended or repealed. DATED
the City of
full, true
has not
City Clerk
AGREEMENT FOR CERTAIN IMPROVEMENTS TO BE UNDERTAKEN
BY EL RANCHO DEL REY
THIS AGREEMENT, made and entered into this 13th day of
November , 1973, by and between the CITY OF CHULA VISTA, a
municipal corporation, hereinafter referred to as "City", and EL
RANCHO DEL REY, 9777 Wilshire Blvd., Beverly Hills, California 90212,
a California corporation, hereinafter referred to as "Subdivider";
W I T N E S S E T H
WHEREAS, Subdivider, E1 Rancho del Rey, desires that the
City of Chula Vista accept the improvements in that certain subdivi-
sion known as El Rancho del Rey, Units No. 1 and 2, and to discharge
the subdivision bonds, and
WHEREAS, it is necessary to secure the completion of certain
unfinished work and improvements in said subdivision, being the sta-
bilization of slopes and grading and construction of drainage improve-
- ments as shown on City of Chula Vista Drawing No. 72-53D on or before
October 23, 1974.
NOW, THEREFOP.E, IT IS MUTUALLY AGREED by and between the
parties hereto as follows:
1. E1 Rancho del Rey, Subdivider, agrees to construct
certain improvements consisting of stabilization of slopes and
grading and certain drainage improvements as shown on City of Chula
Vista Drawing P1o. 72-53D.
2. Subdivider further agrees to deposit with the City of
Chula Vista a Letter of Credit in the amount of TEN THOUSAND DOLLARS
AND NO CENTS ($10,000.00) in favor of the City of Chula Vista to
guarantee such completion of improvements on or before October 23,
1974.
3. This agreement shall be binding upon the owners, their
heirs, successors in interest or assigns.
IN WITNESS WHEREOF, the parties hereto have caused this
agreement to be executed the day and year first hereinabove set forth.
THE CITY OF CHULA VISTA
Mayor o
ATTEST
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City of Chula V'"sta
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City C erk
Approved as to form by
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City orney
EL RANCHO DEL REY
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EXECUTIVE VICE SIDENT
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