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HomeMy WebLinkAboutOrd 298-1950 aN ORDINANCE ~MEN~ING SUBDIVISIONS~.~2 ~ND 4.~5 OF ' ORDINANCE NO. 297 ENTITLED: 'q~N O~IN~NCE ESTABLISHING V SUBDiVISiON REGUlaTiONS FOR THE CiTY OF SOOTH SAN FtC~NCISCO", ADOPTED MAY 8, 1950. The City Council of the City of South S~ Francisco does ordain as follows: Section 1. Subdivision &.&2 of said o~inance is hereby amended so that said subdivision, as amended, shall read as follows: &.&2 The subdivider shall also file with the aforesaid agreement, to assure his full and faithful per- formance thereof, a bond for such sum as the city co~cil· may deem sufficient to cover the cost of said improvements and inspection. Such bond shall be executed by a surety company authorized' to transact a surety business in the State of Califo~ia and must be satisfactory ~o and be approved by the city attorney as to form and by the city manager as to sufficiency. In lieu of said bond, the sub- divider may deposit with the city treasurer cash money in an ~ount fixed as aforesaid by the city council. In lieu of such bond, the subdivider may file with the city clerk a stat~ent of any bank, trust company, or other financial institution, which may hold an enc~brance upon the land delineated on the final map, to the effect that such bank, trust company, or other financial institution holds money represented by the obligation secured by such encumbrance, and an assurance to said city that such b~nk, trust company, or other financial institution will hold, out of ~ch money, for the purposes of such bond and during the time required by ~ch bond, an amount of money equal to the amount, which may be determined by said city council, as provided in this subdivi sion. Section 2. Subdivision &.45 of said o~inance is hereby amended so that said subdivision ~.45, as ~ended, shall read as fol- lows: 4.&5 A subdivider shall pay to said city a fee of FIFTY DOLL~RS ($50.00} for each lot shown on the final map, or agree, in writing, that the territory described on the final map shall be taxed on the same basis as any other land in said city may be taxed to pay any indebtedness or liability of said city contract- ed prior to or existing at the time of the presentation of such final map to the city council for approval. Section 3. This ordinance shall be published once in the ENTERPRISE-JOURNAL, a weekly newspaper printed and published in the City of South San Francisco, and shall take effect and be in force on the expiration of thirty {30) days after its adoption. Introduced this 3rd day of July, 1950o Passed and adopted as an ordinance of the City of South San Francisco at a regular meeting of the City ~ouncil of the City of South San Francisco this ~ day of July, 1950, by the following vote: Ayes, Councilmen~ Noes, Councilmen Absent, Councilmen-'~ ~.~' ~~' Approv ed: Attest: