HomeMy WebLinkAboutReso 1963-3124Resolution No. 3124
Princess Palomar Subdivision, Unit No. 2
Princess park Estates Inc.
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QF.SOlUTiO'J >-1J. 3124
~F. SOI.!JTi ON OF THE CITY C.lf !ell M PP.CV I '-lei !\(! ~E E' 'E'1 T FOP.,
THE ceNS r RUf": Ti (;'1 C F 1:/, P ROV E:,IE NT 5 I t-.J
P r i n c e s sPa I om a r S u bd i vis ion ,_..\JJLLLblo.._2
THE C IT Y :"(:'J'\IC i l Of THP CITY OF OiJU. V 1ST A DOE S HE ~E Tf ~ESC: L VE
,t,S fOllO"'S:
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SFCTICN I.
fhat cedain a,.ree;nent bet...een Ihe CITY Cf
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-, . ;, .vnlc pa oreorailon, an rince.s_sJ..a,r_k_E.,sJ..ll.t.e.s,
.' nc..!.... a Ca Ii forn i_a Cor por.at ion
r. ate d._~_~_'L~J.,._1 9qL,
. a copy of wh lch is at Idcoed
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her'eto, and. incorpordled herein, the sa'lle dS Ihouqh fully set
'forH. 'hPorein be, and Ihe sanoe is her~by approved.
SECTION 2. ."Thai Ihe :'\ayor of the City of Chula Vista be and
~e, is hereby dulhor ized and di rec!,zd 10 execute the sa'lle for and
'J po n be h ~ i f 0 f I he s a Ide i Iv u po n I h" 1'0.0 S Ii 0 9 0 f t he bon d s by
Pr i nces s P !!rk E. s tate s_, I nc .~~a.LLf.o.l:.n.La_C.o,r_po..c.aJJ.on
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dS provided fe-.r in said agr'€'TIent.
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PASSED ANI) APPROVED by tbo CUY COUNCIL of tbo 01'll'Y OF CHllLA VISTA, CALIl"ORmA
tbill
28th
day of
May, 1963
by the f..UOl;vigg
,",te, to.wit,
AYES:
Coolldlm$o.
Smith, McMains, Menzel, DeGraaf
HAYES:
Counc HUlen
None
A1ISF.Nl' :
COuncilmen_____McAllister
~,tf)~-ra:1.
~ Mayor of the Ci~ of ula V1ata
A'FRST :
~t~~~
Cit)' Cl"k .
B'i'ATS OF CAJ.ll'OR5XA )
c.ommr 'JF SAli DIEGO )
CITY OF CHULA vxsn )
I, JamtR11l. '!!. CAHPBELL. City Clerk of tile City of Cbula Vbta, Cel1fornts
00 IlEIlUY C&Il1"l" that tho abcNe and forego11lg 10 a full. true and <<trrect
copy of
elJld that the OMlAl ban nlllt beelA
&:tAaoded or repea lcd.
1!A'l~:_
City ctult
Princess palomar Subdivison Unit No. 2
Princess Park Estates Inc.
PrlLNCESS PALOMAR,SUBDIVISION, UNIT NO.2
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PIUNCESS PAHK ESTATES, INC., a California
Corporation
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'-;t., :.Jf Ct.oic '''';-;':;'or ..o"Jr.r", (;.{ Sfot:. Ci~C'~':I.. ::'\~!~ ,., C,:;; ; f.:! i:li!i;::;
.j~sc:rib-,:d ;~';; f:-~ :c;Vi5~ All that certain portion of land lying in Lots 22,13,
12 and portions of Lots 20 and 21, all being in Quarter Section 119 of Rancho de 18
Nacion in the City of-CouIa Vista, County of San Diego, State of California, accord-
ing to Map thereof No. 505, filed March 13,1888, containing an area of 20.20 acres.
Totai number of lots - 92
":'H~'~j,:. th., ;:-,!,:~:qt1d P~r~'-I ;-i(",r..,cses. !(~ cr~!i;!" .., SL,i:-~-:\'is;",:i; 0{
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Princess Palomar Unit No.
2 Subdivision
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8~~! jn~~;~st3 ~f ~3!d City~ 8nd
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'''1-iE?E.AS, fhc: Second rcri'y j~ cres.trOllS of supcdving s'Jch assurances;
'10'.... frl:?EFORE, IT IS HEREBY AGREED BY or,d between the City of Chulo
Vis la, and th~ Second Party as fallal/s:
I.. Sold Second Party agr.es to undertak~ and campl~te, and to
~ay for all Il!l'bor l!l'nd,materials in connection therewith. within a
p~riad of
365
days fro," Ih~ date her~af, all th~ necossary work
and in's tallati.on of imoroV~l1~nts in' the here inabove: dczscrtb~d subdlv-
i.lon In full confarmi Iy with the ordinances of the City of Chula
Vista, th~ 10.. of the State of Caflfornla, the dlr~clians of proper
officials of Ihe City of Chula VI"a, California, as "'ay b~ applicable
ther~to, and Ihe plans for such Imprave"",nts on file In Ihe office of
th~ City En"in~<r of th~ City af.Chula Vlsla, bearin" the fne numbers:
63-40L through 63-49L inclusive
The ~nglne~rs eslimat~ of cost of sold I"'pra..ments Is $ 119, 545.00
IO~ canllng~ncies
11., 955.00
$ 131, 500.00
Tolal Bond Amaunl
The e..culian of this canlrael auta-nalically adno.ledges by th~ Parly of
.the S~cand Pari, th~ responsibility to guarante~.all public Improvo"..nl"
for a 6rriod onr (I) year fro~ the date of flnal acceptance.
Th~ S~cand Party further a"rees 10 ind~mnjfy, pralect and hold harm-
liss Ihe said Clty of Chula Vlsla from any and all claims of I iabll ity for
personal lnJurv. pro~rty damage:. labor or material claims which may be
llade ~gainst the said City by reason of said wor~, and Installation of
Improyt'rn~nts as herein provided.
2. As a guaranhe and as security for Its full ood.f aithful perfarm-
anee In c::omplyin2 with all t~e requirt:-nents for the completion of Solid
,
lubdlvisi'on as aforesaid, the said Second Party shall d~tiver to the City
of Chula Vista upon the execution of this I!~Ht'e"nentJ e good and sufficient
bond ex~cuted bv an autho.ized surety company satisfactory to th'e: said
City of Chul. .VI"a in the 5U'" of $ 131, 500.00
3.. As d guarantee .snd ~s tecur i r\, for till[ payment of ~Il ;&1i:ifiG'T idl
and labor cllJims foa- the completion of all sfid improvements, the
Second Party !hall d~liyer to the said City of Chu!a Vi~td a bond in
the sum of $
65,750.00
by I ts tams node to Inu.. to the
benefit of laborers and materialmen, for labcr and materia' perfor:ned
or furnlsh~d in the performance: of this_ agr€eme:nt.
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4. U~on the execution by Second Party of th Is contrad and the
posting of the bonds as herein provided, the City agre.s to approve
the final map of said subdivision and accept the same for recordation.
DA TED:
May 23, 1963
INC.
reasurer
CITY CF CHJlA VISTA, CALI FORN IA.
BY: C;P;d UJ ~~/.1
as b form and legality:
A T-TE 5 TED TO:
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llIe premium ,h,;ge.1'I~bOnd Is
I '11 .:1 7.Dollars Der annum.
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