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HomeMy WebLinkAboutCC RES 76-050RESOLUTION N0. 76-50 A RESOLuiION OF THE CITY COUNCIL OF ?HE CITII Or r 41 1 OESERT, CALIFORNIA. ACCEPTING THE NOTICE OF CO PLETION ON TRACT N0. 5357 AND APPROYIMG TNE RELEASE OF BONOS. CASE N0. TRACT N0. 5357 MHEItEIIS, a final wbdlvision wep of Tract No. 5357 ras approved and co qleteA for propertr located Mlthin the City of Pal Desert, Glifornia, Mhich ca plies with the requfr en ents of Ordinance No. 1 of the City of Pal r Desert, Gllfornla. NOM, THEREFORE, BE IT RESOlYEO br the City Council of the City 4 `of Pat Desert, Californla as follars: s 1. That the MotSce of Canpletion of Tract No. 5357 in the City .of Palm Dese t. Catifornia, is hereby accepted. , 2. That the certain agreement respecting the improve nent of streets and drainage and surety DorMs for the faithful perforn ance of said agreen ent, F in the sum of f5,000, and surety bo d in the sun of 55,000 secu ing payn ent to contractor. his subcontractors and to persons renting equipment or furnishing labor or materials, are hereby released. (Bo d No. YS746-5684) 3. That tertain agree+nent relatiny to the extension of seaer and water li es, and surety bond fo the faithful perfo nnaa ce of said agreement in the sum of 535.500, and surety bond in the sua of 535,500 securing payment to ; tontractor. his subco tractors. and W persons renting equipment or furnishing ` labor or materials, are hereby released. iBond No. tlS746-5684) s 4. That the certain a9reement respecting the overall performance and surety bonds for the faithful performance of saiA agreement in the sum of , a S40,500 and surety bo d in the sum of S40,500 securing paynnet, are hereby released. (Bond No, rS746-5684. PASSED , APPROYED, AMD ADOPTED by the City Council of the City of t ; Palm Desert, California, this 8th day of April, 1976, by the following vote: ArES: McPherson, Mlullins, flewbrander, Seidler 6 Brush NOES: None ABSENT: None ABSTAIM: None ATTEST: .. ; NARVEY L. HURLBURT. City Clerk City of Palm Desert, California .