HomeMy WebLinkAboutReso 1982-10742
RESOLUTION NO. 10742
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA DECLARING L&L DEVELOPMENT IN DEFAULT AND MAKING
DEMAND UPON THE SUMITOMO BANK OF CALIFORNIA, ITS
SURETY
The City Council of the City of Chula Vista does hereby
resolve as follows:
WHEREAS, L&L Development has previously entered into an
agreement with the City of Chula Vista for the development of
Bonita Haciendas Subdivision, Chula Vista Tr~ct 78-2, and
WHEREAS, the Sumitomo Bank of California has set aside
$186,200 for the purpose of completing the grading and appurtenant
structures for Bonita Haciendas Subdivision, and
WHEREAS, the Sumitomo Bank of California has set aside
$176,500 for the purpose of completing the landscaping and
irrigation for the same subdivision, and
WHEREAS, the Sumitomo Bank of California has set aside
$45,200 for the purpose of completing landscape maintenance for
the same subdivision, and
WHEREAS, L&L Development has defaulted in its Obligation
to the City of Chula Vista in that it has failed to complete the
agreed upon improvements by December 17, 1981 as called for in its
subdivision improvement agreement.
NOW, THEREFORE, BE IT RESOLVED that the City Council of
the City of Chula Vista demands that the Sumitomo Bank of Cali-
fornia make the funds set aside to guarantee the grading and
appurtenant structures, landscaping and irrigation and landscape
maintenance available to the City of Chula Vista for the comple-
tion of these improvements in the Bonita Haciendas Subdivision,
Chula Vista Tract 78-2.
BE IT FURTHER RESOLVED that the City Clerk of the City of
Chula Vista be, and she is hereby directed to send a certified
copy of this resolution to the Sumitomo Bank of California and L&L
Development Company.
,Ll
Jo n P. Lippitt,
Engineer
Approved
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.,;y <.;..c -
ar~form by
. '1f.cd~
Presented by
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George D. Lindberg, City Attorney
ADOPTED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
:Hl.l.A VISTA, CALIFORNIA, this 5th
9'K 2 ,by the following 110ft, to-wit:
day of
January
IYES: Councilmen Cox, Gi11ow, Campbell, McCand1iss, Scott
IAYES: Councilmen None
IBSTAIN: Coc.ncilmen None
IB5ENT: Councilmen None
iTATE OF CALFORNIA )
:OUNTY OF SAN DIEGO ) 55.
:!TY OF CHULA VISTA )
I, JENNE M. FULASZ, C~, CITY CLERK of the City of Chulo Vista, California,
iO HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
RESOLUTION NO. 10742
,and that the same has not been amended or repealed.
lATE 0
City Clerk
( seall
:C-660