Resolution 582
RESOLUTION NO./ -5~R2
RESOLUT[ON DETERMINENG THAT OWNER AND SUBDiVi DER OF "CASTLEWOOD PARK UNIT NO. 3"
HAVE FULLY COMPLIED WnH PROVISIONS OF THE AGREEMENT FOR FURNISHING IMPROVEMENTS
AND RELEASING SURETY ON BOND.
WHEREAS~ the City 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 SAN MARnN SALES COMPANY, known and designated as "Castlewood Park Unit
No. 3", upon the condition that the owners of said tract shall furnish and install
sewer and water mains, storm drainage facilities, grade and pave streets, con=
struct sidewalks, curbs and gutters, furnish and install fire hydrants and alarm
boxes, and electroliers, all to the satisfaction of the said City Counci 1 of the
City of Gilroy, and furnish a satisfactory bond conditioned upon the faithful
performance of the aforesaid conditions; and,
WHEREAS~ the said SAN MARTIN SALES COMPANY has heretofore and prior to
the approval of the aforesaid map entered into an agreement with the City of
Gilroy requiring him to furnish and install all of the aforesaid facilities and
improvements, and in addition furnish a bond to be executed by a responsible
surety company in the sum of Twenty-nine Thousand, Two Hundred Fifteen Dollars
and Eighty Cents, ($29,215.80) to be conditioned upon the faithful performance
of said agreement and which bond was duly executed by United Pacific Insurance
Company as surety and is dated January 8, 1958, and has been delivered to the
City of Gilroy; and,
WHEREASy the said SAN MARTIN SALES COMPANY has fully performed all the
conditions and agreements set forth in the aforesaid agreement made with the
said City of Gi lroy, and the conditions upon which said bond was issued have
been fulfilled and the said SAN MARTEN SALES COMPANY should be released from
any obligations thereunder and the bond declared terminated and no longer in
effect.
NOW, THEREFORE, BE IT RESOLVED:
That the City Council of the City of Gilroy does hereby de~lare that
all the conditions set forth in the said agreement have been romplied with by
said SAN MARTIN SALES COMPANY, and that the said bond which has heretofore been
furnished by SAN MARTIN SALES COMPANY in the sum of Twenty-nine Thousand, Two
Hundred Fifteen Dollars and Eighty Cents ($29,215.80) shall be terminated and
declared to be no longer in effect and the surety thereon exonerated and re~
leased from all liability.
53~
PASSED and ADOPTED th is 19th day of September ,1960, by the fo 1-
lowing vote:
AYES: COUNCI L MEMBERS: Goodrich, Jordan, Pate, Petersen, Rush,
Wentworth, and Sanchez.
NOES: COUNCIL MEMBERS:None
ABSENT: COUNCIL MEMBERS: None
APPROVED:
.djL-Ly/-'
" MAYOR
ATTEST:
0_
(J)Zt.1dn11L/ ~ .
CITY CLERK
&U-l.Z-)
:/
I, Susanne E. Payne
City Clerk of the City of Gilroy, do hereby c8rtify that
th$ attached Resolution No. 582 is an original
resolution, duly adopted by the Council of the City of
Gilroy at a regular meeting of said Council held on the
19th day of September J 1960, at \.J'hich
,
meeting a quorum was present.
IN HITNESS tlHEREOF, I have hereunto set my hand
and affiXed the official seal of the City of Gilroy, this
20th da;y of September
)'
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