HomeMy WebLinkAboutReso 93-431 - Approve & Authorize the mayor to execute the First Addendum to PW Subdivision agreement between the COR & Jaxon Enerprises relating to Unit 3 of River Ridge Park Subdivision RESOLUTION NO. 93- LL3
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
APPROVING AND AUTHORIZING THE MAYOR TO EXECUTE THE FIRST
ADDENDUM TO THE PUBLIC WORKS SUBDIVISION AGREEMENT BETWEEN
THE CITY OF REDDING AND JAXON ENTERPRISES RELATING TO UNIT
3 OF THE RIVER RIDGE PARK SUBDIVISION.
IT IS HEREBY RESOLVED by the City Council of the City of Redding
that the City of Redding enter into the First Addendum to the Public
Works Subdivision Agreement between the City of Redding and Jaxon
Enterprises, a copy of which Addendum is attached hereto and
incorporated herein by reference.
BE IT FURTHER RESOLVED that the Mayor of the City of Redding is
hereby authorized and directed to sign said Addendum and all other
necessary documentation in connection therewith on behalf of the City
of Redding; and that the City Clerk is hereby authorized and directed
to attest the signature of the Mayor and to impress the official seal
of the City of Redding thereto.
I HEREBY CERTIFY that the foregoing Resolution was introduced
and read at a regular meeting of the City Council of the City of
Redding on the 21st day of December, 1993 , and was duly adopted at
said meeting by the following vote:
AYES: COUNCIL MEMBERS: Anderson, Kehoe, Pbss and Arness
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: Dal-11
ABSTAIN: COUNCIL MEMBERS: None
CARL ARNESS, Mayor
City of Redding
A S FO PROVED:
u
CONNIE STRO AYER, City Clerk RANDALL A. HAYS, City Attorney
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FIRST ADDENDUM TO PUBLIC WORKS
SUBDIVISION AGREEMENT ("SUBDIVISION AGREEMENT")
BETWEEN THE
CITY OF REDDING ("CITY") AND JAXON ENTERPRISES (11JAXON11)
The SUBDIVISION AGREEMENT relates to River Ridge U-3 and was
signed on January 7 , 1993 . Where the terms and provisions of
this Addendum conflict with the SUBDIVISION AGREEMENT, this
Addendum shall prevail . Otherwise, all other terms and
conditions of the SUBDIVISION AGREEMENT shall remain in full
force and effect.
1. In order to allow JAXON additional time to satisfy
condition 8 of Exhibit A, the time for completion is extended for
one (1) year, until December 15, 1994 .
2 . This Addendum shall be effective only upon JAXON
furnishing Contract Security, as defined in condition 10 of the
SUBDIVISION AGREEMENT, in an amount and in a form acceptable to
CITY. Contract Security in the same form as the Irrevocable
Standby Letter of Credit, dated December 23 , 1992 from the Bank
of California, shall be deemed to be acceptable improvement
security, provided it is an amount at least equal to one hundred
percent (100%) of the estimated cost of the improvements
remaining to be constructed. The amount and form are to be
acceptable to the City Attorney.
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3 . Upon this Addendum being effective, CITY shall be
willing to inspect, with a mind towards issuing an occupancy
permit, the following described property.
Lot 8 of the River Ridge Park Subdivision Unit 3 , as
recorded in Book 21 of Maps at page 1, recorded
January 27 , 1993 .
JAXON agrees that no other certificates of occupancy shall
be issued until such time as condition 8 of the River Ridge Park
Subdivision Unit 3 Conditions of Approval shall have been
satisfied.
IN WITNESS WHEREOF, the parties to these presents have
hereto set our hands and seals this day of December, 1993 .
APPROVED AS TO FORM: CITY OF REDDING
J
BY �-�- By
,City Attorney Mayor
ATTEST: JAXON ENTERPRISES
By By "-�' v
City Clerk W. MXON AKER, President
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