HomeMy WebLinkAboutResolutions - No. 2010-167RESOLUTION NO. 2010-167
A RESOLUTION OF THE LODI CITY COUNCIL APPROVING
AMENDMENTS TO IMPROVEMENTAGREEMENTS FOR
PUBLIC IMPROVEMENTS FOR REYNOLDS RANCH PHASE II,
OFFSITE AND ONSITE IMPROVEMENTS
NOW, THEREFORE, BE IT RESOLVED that the Lodi City Council does hereby approve
the amendments to the Improvement Agreements with Reynolds Ranch Partners, LLC, for
Offsite and Onsite Public improvementsfor Reynolds Ranch, Phase II; and
BE IT FURTHER RESOLVED that the Lodi City Council does hereby approve the
amended Phase II Offsite Improvement Agreement security requirements for the Faithful
Performance and Labor and Materials to $1,694,279.40 and $847,139.70, respectively; and
BE IT FURTHER RESOLVED that the Lodi City Council does hereby approve the
amended Phase II Onsite Improvement Agreement security requirements for the Faithful
Performance and Labor and Materials to $103,500.00 and $51,750.00, respectively; and
BE IT FURTHER RESOLVED that all other provisions of the Improvement Agreements
remain as approved by the City Council on August 18, 2010.
Dated: October 6, 2010
I hereby certify that Resolution No. 2010-167 was passed and adopted by the City
Council of the City of Lodi in a regular meeting held October 6, 2010, by the following vote:
AYES: COUNCIL MEMBERS— Hansen, Hitchcock, Johnson, Mounce, and
Mayor Katzakian
NOES: COUNCIL MEMBERS— None
ABSENT: COUNCIL MEMBERS— None
ABSTAIN: COUNCIL MEMBERS— None
HL
City Clerk
2010-167