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HomeMy WebLinkAbout1992-01-21; City Council; Resolution 92-18ll 0 w b. - U OY ;ys G30g OL&P 3p: u 825 gwcno ggih '583 $E& 0055 m5'0 >-mu zQa$ &?% 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 RESOLUTION NO. 92-18 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD, CALIFORNIA AUTHORIZING THE MAYOR TO EXECUTE THE SETTLEMENT AND RELEASE AGREEMENT TO SETTLE THE LAWSUIT ENTITLED HOMES BY POLYGON V. CITY OF CARLSBAD, N51309 WHEREAS, on recommendation of the City Attorney the City Council of the City of Carlsbad, California has determin that a settlement in the case entitled Homes by Polyqon v. Ci is in the public interest: and WHEREAS, no funds will be necessary to settle this case, NOW, THEREFORE, BE IT RESOLVED by the City Council the City of Carlsbad, California, as follows: 1. That the above recitations are true and correct 2. That the Mayor is authorized to sign.the Settle Agreement and Release which is hereby approved. 3. The City Clerk is authorized to release from tl. City of Carlsbad's files the originals of the five United Pat Insurance Company Faithful Performance Bonds (Nos. U542188, U542185, U543054, U542192, and U542197) for Homes by Polygon Project CT 81-16, Units, 3, 4, 5 and 6 of Vista Santa Fe in 1 City of Carlsbad, California. 4. Aletha L. Rautenkranz, City Clerk, is authorizc sign the letter dated January 21, 1992 from the City of Carl: to Richard Pitt, Esq. and Mr. Peter Fjellstad regarding the exoneration of United Pacific Insurance Comapny Faithful Performance Bonds (Nos. U542188, U542185, U543054, U542192, U542197) for Homes by Polygon Project CT 81-16, Units 3, 4, 28 6 of Vista Santa Fe in the City of Carlsbad, California and 8 W L 1 ll transmit the originals of the five Faithful Performance Bonds 2 3 4 5 6 7 8 9 10 11 I 12 I! ZU% yrz GaOS cccb Ous+ ~gaa Z>iF %-sg muOk ZZJ SO$$ ‘5gy >zq Lu u ’a-1 +>ma ncri woo 13 14 15 16 17 18 19. 20 21 22 23 identified in No. 3, above. PASSED, APPROVED AND ADOPTED at a Regular Meeting c the City Council of the City of Carlsbad on the 21st day of January , 1992, by the following vote, to wit: AYES: Council Members Lewis, Kulchin, Larson, Stanton and N NOES: None ABSENT : None ,^ ATTEST : Z, City Clerk t City Clerk 24 25 26 27 28 1, 2