Resolution 416
RESOLUTION NO. 416
WHEREAS, the Common Council of the City of Gilroy has
heretofore approved the plat and map of the subdivision of
certain property within the City of Gilroy owned by GILROY
HOMES COMPANY, a co-partnership consisting of the DeBell
Corporation and Arnold-Day Corporation, known and designated
as''''Tract No. 1784-, Sherwood park, Unit Noo lit, upon the
condition that the owners of said tract shall furnish and
install sewer and water mains, storm drainage facilities, grade
and pave streets, construct sidewalks, curbs and t,'Utters,
furnish and install fire hydrants and alarm boxes, and
electroliers, all to the satisfaction of the said Co~non Council
of the City of Gilroy, and furnish a satisfactory bond condit-
ioned upon the faithful performance of the aforesaid
conditions; and,
WHEREAS, the said GILROY HOMES COMPANY has heretofore and
prior to the approval of tne aforesaid map entered into a
written agreement with the City of Gilroy, dated the 26th day
of JUly, 1956, in which one M. CHIESA is also a party, that
it will furnish and install all of the aforesaid facilities and
improvements, and in addi tion furnish a bond to be executed by
a responsible surety company in the sum of Fifty ($50,000) Thousand
DOllars, to be conditioned upon the faithful performance of
said agreement; and,
WHEREAS, the said agreement als 0 provides that the said
Gilroy Homes Company and said M. Chiesa and the said City of
Gilroy will also furnish and install certain water mains with
the cost thereof to be shared by the said Gilroy Homes Company,
M. Chiesa, and the City of Gilroy in certain proportions; and,
WHEREAS, the said Gilroy Domes Company has fully
perfo rmed all the condi tions and agreements set forth in the
aforesaid agreement made with the said City of Gilroy, and the
conditions upon which said bond was issued have been fulfilled
and the said Gilroy Homes Company should be released from any
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further obligations thereunder and the bond declared terminated
and no longer in effecto
NOW, THEREFORE, BE IT HESOLVED:
That the Common Council of the City of Gilroy does
hereby declare that all the conditions set forth in the
said agreement dated July 26, 1956, have been complied with by
the said Gilroy Homes Company, and that the said bond which
has heretofore been executed by Gilroy Homes Company in the
swn of $50,000 shall be terminated and declared to be no
longer in effect and the surety thereon exonerated and
released from all liabilityo
PASSED and ADOPTED this 7th day of January, 1957, by
the following vote:
AYES :
NOES :
Councilmen Pate, Sanchez, Petersen, Rush,
Wentworth
Councilmen None
ABSENT:
Gallo
e
III
Attest:
City Clerk
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