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HomeMy WebLinkAboutReso 1968-4947• " Foam No 342 Rev, 8-6? RESOLUTION NO ~ 4947 RE50L:UTION OF THE CITY COUNCIL OF THE CIT'Y' OF°^CHULA VISTA APPROVIN; AGREEMEN'T' BETWEEN THE CITY OF CHULA VISTA AND FRANK E. FER.REIRA TO INSTALL PUBLIC IMPROVEMENTS FOR THE BONITA GLEN DRIVE EXTENSION AND AUTHORIZING THE MAYOR TO EXECUTE SAME The City Council of the City of Chula Vista does hereby resolve as follows: That that vertain agreement between the City of Chula Vista, a municipal corporation, and Frank E. Ferreira, an individual, to install certain public improvements on Bonita Glen Drive Extension dated the 29th day of October , 1968 , a copy of which is attached hereto and incorporated herein, the same as though fully set forth herein be, and the same is hereby approved, BE TT 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 said City Presented by ~.. Approved as to by __~ , mane F. Co e, Director o._ Pu lic George D. in_ erg, i y or T~Vorks , ADOPTED AND APPROVED by the CITY COUNCIL of the CLTY OF CHULA VT.STA„ CAL~~'ORNTA, this 29th _day of October . 168 , by the follow3_ng vote, to-wit: AYES : Counoilmeni~lvester, Hamilton, McCorquodale, McAllister, Scott NAPES: Councilmen None ABSENT : Councilmen None "~~ .. L_.. ~ ayor o the City of ula Vista _ City Clerk STATE OF CALIFORNIA w COUNTY CF SAN DIEGO ss- CITY OF CHULA Vl'STA a I, , City Clerk of Vista, CaliforniaF DO HEREBY CERTIFY that the above is correct copy of Resolution No. and that the amended or repealed DATED the City of Chula a Lull, true and same has not been. City Clerk - AN AGF.EEr1ENT TO INSTALL PUBLIC IMPROVEMENTS FOR BONITA GLEr? DRIVE EXTEDISION _ THIS AGREEMEIVTT, made and entered into this _, 9 n_day of ~`t l ~ brr^ , 1968, b~.~ and between THE CITY OF CHL'LA VISTA, a municipal corporation, hereinafter called "City", and FRANK E. FERF.EIRA, an ir_dividual, hereinafter called "Developer"; G I T N E S S E T Fi YdHEREAS, tree City of Chu]_a Vista has heretofore received an offer of dedication from Frank E. Ferreira for a portion of that cer- tain street }mown and desianated as Bonita Glen Drive, and has accented said. property and dedicated. it to the public use for street purposes, and !~?HEREAS, Frank E. Ferreira desires to improve said dedicated right-of--way to serve an apartment complex development known as the !~'hisperinq Pines Ax~artments at the proposed address of. 250 Bor_ita Glen Drive, a_nd P;HEpEAS, Develoz~er desires to install the public improvements in said right-of-way in accordance Taith improvement plans and specifi.ca- tions as approved by the Director of Public 4?orks anc?. on file in the Office of the Director of Public works, designated as Plan No. 68-98D._ NOl+?, THEFEFORE, IT IS MT,JTUALL`_' AGREED by and between the parties hereto as f_ollovas : 1. Developer does hereby agree to install the required public improvements in the extension of Bonita Glen Drive, in accordance with improvement plans as approved by, and on =ile in, the Office of. the Director of Public wor_k_s, subject to the standards and specifications of the Citv of Chula Vista. - 2. Developer agrees to pay the complete cost of said work and ha.s deposited, concurrent with the execution of_ this agreement, an instrument of credit to the City of Chula Vista, dated October 10, 1968 by Some Tederal Savings and Lean Association of San Diego, ;. r. the amount of 511,500.00, ~>>hich a.maunt represents the estimated cost of said improvements. Said instrument of credit would further authorize progress pavmen.ts to be made during the course of the construction with t.h.e approval of the Director of Public V~orks. 3. Developer agrees to complete said im_provemen_ts on or be- f_ore the 180th day following the execution date of this agreement.. Should. said improvements not be completed by said date, the Funds available pursuant to the terms of said instrument of credit may be used ].;y the City to complete o.r. cause to be completed said. improvements. IN WITAiESS !WHEREOF, the parties hereto have set their hands the day and the year first hereinabove set forth. THE ,C-3~'I'y OF CHL?LA VISTA / ~ ~ `~ ~ycr of 'the City of _ula Vista Approved as to_, f.orm by ?`EVELOPF?R City Att rney ~..`Fr~-nk E. Ferrei - ra i~: j ~~`~~'~