1954-2613RESOLUTION NO. 2613
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF ANAHEIM AUTHORIZING THE DEPOSIT IN ESCROW
WITH SOUTHERN FEDERAL SAVINGS AND LOAN ASSOCIA-
TION OF LOS ANGELES BY ROBINWOOD PARK, LTD. OF
FUNDS REQUIRED FOR THE FURNISHING, INSTALLATION,
AND COMPLETION OF ALL IMPROVEMENTS REQUIRED BY
THE CITY OF ANAHEIM IN TRACT NO. 2287; AND
AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE
AN AGREEMENT FOR AND ON BEHALF OF THE CI`T`Y OF
ANAHEIM.
WHEREAS, Robinwood Park, Ltd., a limited partnership,
has submitted to the City Council of the City of Anaheim a
Tract Map for Tract 2287 and has requested the City Council
to finally approve said Tract Map; and
WHEREAS, said Robinwood Park, Ltd. has agreed to
furnish or cause to be furnished and to pay for all labor,
materials and equipment and perform or cause to be performed
and pay for all work to make and complete all street im-
provements and sewer and water mains and lines and all engin-
eering required inside said Tract 2287, as required by the
City of Anaheim acting by and through the City Engineer and
the Superintendent of the Light, Power and Water Department,
and in accordance with the provisions of the Anaheim Municipal
Code and ordinances of the City, all in accordance with the
specifications of the City Engineer and the Superintendent
of Light, Power and Water of the City of Anaheim, said im-
provements to be completed on or before twelve (12) months
from the 22nd day of December, 195; and
WHEREAS, in lieu of the posting with the City of
Anaheim of a surety bond or a deposit as required by Section
11612 of the Business and Professions Code of the State of
California, Robinwood Park, Ltd. desires to deposit with the
Southern Federal Savings and Loan Association of Los Angeles,
California, as escrow agent, cash, in lawful money of the
United States, in an amount estimated to be necessary to pay
for the cost of all labor, materials and equipment and the
performance of all work for the installation and completion
of said improvements, as a guarantee that said Robinwood Park,
Ltd. will make or cause to be made and completed said im-
provements as required by the City of Anaheim, and pay the
cost thereof; and
WHEREAS, the City Council finds that the estimated
cost of said street, sewer and water improvements is the sum
of Sixty -one Thousand One Hundred Fifty Dollars (461,150);
an d
WHEREAS, the City Council finds that if said sum
is deposited with said Southern Federal Savings and Loan
Association and all claims for labor and materials are ap-
proved by the City Engineer or the Superintendent of the
Light, Power and Water Department and paid directly to the
person, firm or corporation performing such labor or fur-
nishing such materials by said Southern Federal Savings and
Loan Association, and that twenty (20) per cent of said de-
posit is held until thirty -five (35) days after the filing
of notice of completion of said work and improvements, that
the City of Anaheim will be adequately protected in the mat-
ter.
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NOW, THEREFORE, BE IT RESOLVED by the City Council
of the City of Anaheim that said Robinwood Park, Ltd., a
limited partnership, be, and it is hereby, authorized to de-
posit the sum of Sixty -one Thousand One Hundred Fifty Dollars
(4,361,150), lawful money of the United States, with Southern
Federal Savings and Loan Association, as escrow agent, as
security for the payment of the cost of all labor, materials
and equipment in making the street improvements and the sewer
and water improvements, and all engineering inside of Tract
2287, and that the money deposited by said Robinwood Park, Ltd.
with the Southern Federal Savings and Loan Association of
Los Angeles, California, as escrow agent, as security for the
furnishing and payment of all labor, materials and equipment
required for the making, installation and completion of said
improvements, may be used from and after the execution of an
agreement by and between the City of Anaheim, Robinwood Park,
Ltd. and Southern Federal Savings and Loan Association, to
make progress payments to pay for materials furnished and
labor performed in the making and completion of said improve-
ments, such progress payments to be made as follows:
ATTEST:
'Progress payments shall be made not oftener
than twice monthly, and in the manner here-
in provided.
That all such progress payments shall be made
directly by said Southern Federal Savings and Loan Association
to the person, firm or corporation furnishing such materials
or performing such labor, upon written itemized statements
showing the furnishing of such materials or the performance
of such labor, approved by the City Engineer for labor and
materials furnished for street and sewer improvements, and
approved by the Superintendent of the Light, Power and Water
Department for water mains and lines.
AND BE I T FURTHER RESOLVED that the Mayor and the
City Clerk be, and they are hereby, authorized to enter into
and execute an agreement for and on behalf of the City of
Anaheim with Robinwood Park, Ltd., a limited partnership, and
the Southern Federal Savings and Loan Association of Los
Angeles, California in a form approved by the City Attorney,
incorporating the provisions of this resolution and providing
for payment of said deposit to the City of Anaheim, or so much
thereof as may be necessary to reimburse the City, in the
event of default by said Robinwood Park, Ltd. in the perform-
ance of said agreement. That said agreement shall be dated
the 22nd day of December, 1954.
THE FOREGOING RESOLUTION is signed and approved by
me this 30th day of December, 1954.
2
MAYOR OF THE CITY OF ANAHEIM.
CI`T'Y CLERK OF THE CITY 0P ANAHEIM.
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STATE OF CALIFORNIA
`COUNTY `OF ORANGE ss.
CITY OF ANAHEIvI
I, DENE M. WILLIAMS, City Clerk of the City of Anaheim
`DO HEREBY CERTIFY that the foregoing resolution was introduced and
adopted at an adjourned regular meeting provided by law of the
City Council of the City of Anaheim held on the 30th day of
December, 1954, by the following vote:
AYES: COUNCILMEN:
NOES: COUNCILMEN:
ABSENT: COUNCILMAN:
Pearson, Fry, Schutte, and
Van Wagoner.
None.
Wisser.
And, I FURTHER CERTIFY THAT the Mayor of the City of
Anaheim approved and signed said resolution on the 30th day of
December, 1954.
IN WITNESS WHEREOF, I have hereunto set my hand`and
affixed the official seal of the City of Anaheim this 30th day of
December, 1954.
(SEAL)
City Clerk of the City of
Anaheim, California