Loading...
HomeMy WebLinkAbout1993-08-17; City Council; 12367; APPROVAL OF THE RELEASE FROM A DEVELOPMENT IMPROVEMENT AGREEMENT CT 81-10, CARLSBAD RESEARCH CENTER* A DEVELOPMENT IMPROVEMENT AGREEMENT CT 81 -1 0, CARLSBAD RESEARCH CENTER Adopt Resolution NO. 9 3 - dY/ approving the release from a Development Improvemd Agreement entered into between the City of Carlsbad and Carlsbad Tract 81 -1 0, Carlsb Research Center, on November 16, 1981. Authorize the City Clerk to release the bor in accordance with State Law and City Ordinances. ITEM EXPLANATION: Carlsbad Tract 81-10 entered into an agreement with the City on November 16, 1981 the construction of half-median improvements on El Camino Real along the subdivisi frontage. The City is currently constructing these improvements and requires that paymc be made at this time. The obligation was satisfied when the City received payment in t amount of $1 13,758.88. Faithful Performance and Labor and Materials Bond No. 41 648 for the half-median improvement will be released. Payment has been deposited into t project account. FISCAL IMPACT; 1. Location map. 2. Resolution No. 9 3 - 2 Y ' approving the release from the Development Improvemc Agreement and releasing of outstanding bonds. 9 IX > 0 $22 ag 2 z 0 0 **e,> I FZ a c* 6 z 3 0 0 I LOCATION MAP , PROJECT NAME PROJECT# EXH CARLSBAD RESEARCH CENTER CT 81-10 1 t * 1 2 3 4 5 6 7 8 9 20 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 I e 0 RESOLUTION NO. 9 3 -24 1 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD, CALIFORNIA, APPROVING THE RELEASE FROM THE DEVELOPMENT IMPROVEMENT AGREEMENT AND RELEASING OF THE OUTSTANDING BONDS FOR HALF-MEDIAN IMPROVEMENTS FOR CARLSBAD TRACT 81 -1 0, CARLSBAD RESEARCH CENTER WHEREAS, Carlsbad Research Center has fulfilled their obligation for the Devela Improvement; and WHEREAS, the City of Carlsbad has determined it to be in the public interest to r the obligation. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ca California, as follows: 1. That the above recitations are true and correct. 2. That the Mayor is authorized to approve the release and the City Engir authorized to cause the release of bonds for half-median improvements. PASSED, APPROVED AND ADOPTED at a regular meeting of the Carlsbad City ( held on the 17th day of AUGUST , 1993 by the following vote, to wit: AYES: Council Members Lewis, Stanton, Nygaard, Finnila NOES: None ABSENT: Council Member Kulchin ATTEST: (SEAL) &.zL ALmA L. wwitiim