HomeMy WebLinkAboutResolutions - No. 92-20RESOLUTION NO. 92-20
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A RESOLUTION OF THE LODI CITY COUNCIL
APPROVING WITH CONDITIONS THE IMPROVEMENT AGREEMENT AND GRANT DEED
FOR RIGHT-OF-WAY TRANSFER FOR SUNWEST PLAZA, SOUTHEAST CORNER OF
LOWER SACRAMENTO ROAD AND KETTLEMAN LANE, LODI, CALIFORNIA, DIRECTING
THE CITY MANAGER AND CITY CLERK TO EXECUTE THE AGREEMENT AND GRANT
DEED, AND AUTHORIZING THE APPROPRIATION OF FUNDS FOR THE PROJECT
BE IT RESOLVED, that the Lodi City Council hereby approves with
conditions, the Improvement Agreement and grant deed for transfer of
City -owned right-of-way on Kettleman Lane for Sunwest Plaza, a shopping
center development, to be located at the southeast corner of Lower
Sacramento Road and Kettleman Lane; and
BE IT RESOLVED, that the City Council's approval is conditioned
upon receipt by the City of the following:
1) Improvement security consisting of a Faithful Performance
Bond in the amount of $924,364 and a Labor and Materials Bond in the
amount of $399,500 covering 100% and 50% of the estimated cost of
public improvements, deferred fees and engineering, respectively; and
2) Insurance certificates for Workers Compensation insurance
coverage and comprehensive and automobile insurance coverage in the
amount of $1,000,000. Details of the required coverage are included in
the Improvement Agreement; and upon
3) Execution and return of the easement deeds for public utility
easements necessary to serve the project; and
BE IT RESOLVED, that the Lodi City Council hereby directs the
City Manager and City Clerk to execute said agreement and grant deed on
behalf of the City; and -
BE IT FURTHER RESOLVED, that the Lodi City Council hereby
approves the appropriation of funds from the Development Impact
Mitigation Funds account for the impact fee related projects, as
follows:
RES9220/TXTA.0IV
Resolution 92-20
Page Two
Project (fund) Appropriation
Streets (60.4)
Kettleman Lane Widening
Lower Sacramento Road Widening
Highway 12/Lower Sacramento Road Traffic Signal Relocation
Total $92,000
Water (60.1)
Oversize Mains and Major Crossings $19,000
Storm Drainage
Trunk Line Extension $25,000
(in lieu of portion of Orchis Drive project
already appropriated)
Dated: February 5, 1992
I hereby certify that Resolution No. 92-20 was passed and adopted
by the Lodi City Council in a regular meeting held February 5, 1992 by
the following vote:
Ayes:
Council
Members
- Hinchman, Pennino, Sieglock and
Pinkerton (Mayor)
Noes:
Council
Members
- None
Absent:
Council
Members
- None
Abstain:
Council
Members
- Snider
92-20
RES9220/TXTA.01V
Alice M. Reimche
City Clerk