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HomeMy WebLinkAboutReso 1993-17154 RESOLUTION NO. 17154 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA AUTHORIZING CITY ENGINEER TO EXECUTE DOCUMENTS WHICH RELEASE SUBDIVISION IMPROVEMENT AGREEMENTS AND TO HAVE SAID RELEASES RECORDED WHEREAS, the City has been requiring the recordation of Subdivision Improvement Agreements in conjunction with Final Maps and as a result, said agreements are now being listed in title reports; and, WHEREAS, the approval of this resolution will provide a mechanism for the release of Subdivision Improvement Agreements when fulfilled or superseded by a new agreement; and, WHEREAS, the Municipal Code does not address this issue, therefore, staff is requesting that the City Engineer be authorized to execute documents releasing the subdivision improvement agreements associated with approved final maps. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula Vista does hereby authorize the City Engineer to execute documents which release Subdivision Improvement Agreement as encumbrances of record in title reports and to have said releases recorded in the following circumstances: 1. When all improvements have been accepted by Council and the one year maintenance has elapsed and the improvements are accepted into maintenance by the City; and, 2. When a new developer replaces the existing bonds and agreements with new recorded agreement and new bonds; and, 3. When a property is resubdivided requiring a new set of bonds and new recorded agreements {e.g. Rancho del Rey Power Center). 4. When the City Attorney and City Engineer concur other security is adequate. Presented by Resolution No. 17154 Page 2 PASSED, APPROVED and ADOPTED by the City Council of the City of Chula Vista, California, this 22nd day of June, 1993, by the following vote: YES: Councilmembers: Fox, Horton, Moore, Nader NOES: Councilmembers: None ABSENT: Councilmembers: Rindone ABSTAIN: Councilmembers: None Tim Nader, Mayor ATTEST: Beverly A/. Authelet, City Clerk STATE OF CALIFORNIA ) COUNTY OF SAN DIEGO ) ss. CITY OF CHULA VISTA ) I, Beverly A. Authelet, City Clerk of the City of Chula Vista, California, do hereby certify that the fore9oin9 Resolution No. 17154 was duly passed, approved, and adopted by the City Council held on the 22nd day of June, 1993. Executed this 22nd day of June, 1993. Beverly ~. Authelet, City Clerk