HomeMy WebLinkAboutResolution 503-A
Resolution 503
RESOLUTION DETERMINING THAT OWNER AND SUBDIVIDER OF EXCHENBURG
PARK UNIT NO. 2 HAVE FULLY COMPLIED WITH PROVISIONS OF THE
AGREEMENT FOR FURNISHING IMPROVEMENTS AND RELEASING SURETY
ON BOND.
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 SIG SANCHEZ,
known and as designated as "Eschenburg Park, Unit No.2", 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 gutters,
furnish and install fire hydrants and alarm boxes, and
e1ectro1iers, all to the satisfaction of the said Common Council
of the City of Gilroy, and furnish a satisfactory bond conditioned
upon the faithful performance of the aforesaid conditions; and,
WHEREAS, the said SIG SANCHEZ has heretofore and prior to
the approval of the aforesaiu. H1a,p 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 ($20,000.00) Thousand Dollars, to be
conditioned upon the faithful performance of saia agr~~ment and
~4' il I
which bond was duly executed by (. tG. ~14ULL.b-:r~.vrttjr
as surety and is dated June 19, 1957 and has been delivered f
to the City of Gilroy; and,
WHEREAS, the said SIG SANCHEZ has fully performed all the
conditions 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
SIG SANCHEZ should be released from any obligations thereunder
and the bond declared terminated and no longer in effect.
NOW, THEREFORE, BE IT RESOLVED:
That the Common Council of the City of Gilroy does
hereby declare that all the conditions set forth in the
said agreement have been complied with by said SIG SANCHEZ,
/-- "j
~,/7~4
and that the said bond which has heretofore been furnished by
SIG SANCHEZ in the sum of Twenty ($20,000.00) Thousand Dollars
shall be terminated and declared to be no longer in effect and
the surety thereon exonerated and released from
PASSED and ADOPTED this
t ;t.l
day of
all liability.
'1 I /)
Lt.L,.A-.C , 1959
by the fol~owing vote:
AYES:
Councilmen Pate, Hush, Wentworth, Gallo
NOES:
Counci Imen NONE
ABSENT:
Councilmen Petersen, Jordan
Mayor
roy
/
ATTEST:
~'l /'~ /
. K", / / d
. C:/:..t.--? .4/V(/
City Clerk
- 2 -