Ordinance No. 630357
ORDINANCE NO. 630
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY
OF CYPRESS AMENDING SUBSECTION (c) OF SECTION
25 -40 OF THE CYPRESS CITY CODE RELATING TO
SUBDIVISION IMPROVEMENT SECURITIES.
THE CITY COUNCIL OF THE CITY OF CYPRESS HEREBY DOES ORDAIN
AS FOLLOWS:
SECTION 1. Subsection (c) of Section 25 -40 of the Cypress
City Code hereby is amended to read as follows:
(c) Improvement securities for land divisions. Improve-
ment securities posted as a guarantee of the performance of
an agreement or act made a condition of the approval of a
land division or reversion requiring a parcel map or tract
map, shall be in the following amounts for the following
purposes:
(1) One hundred (100) per cent of the total estimated
cost of all of the required public and private improve-
ments within the land division or reversion conditioned
upon the faithful performance of the agreement, act or
contract; and
(2) One hundred (100) per cent of the total estimated
cost of all the required public and private improvements
within the land division or reversion securing paymen*
to the contractor, his subcontractors and to persons
furnishing labor, materials or equipment to them for
the improvement or the performance of the required act;
(3) Provided, however, that where the improvement
securities posted are in the form of cash, certificates
of deposit, savings passbooks, or letters of credit,
the amounts set forth hereinabove shall be reduced
by fifty (50) per cent if the director of public works
determines that said reduction will not substantially
impair the ability of the City to cause the improvements
to be constructed and the persons mentioned in sub-
division (2) hereof to be paid, all at no expense to
the City.
SECTION 2. If any section, subsection, subdivision, sentence,
clause, phrase, or portion of this ordinance, or the application
thereof to any person or place, is for any reason held to be
invalid or unconstitutional by the decision of any court of com-
petent jurisdiction, such decision shall not affect the validity
of the remaining portions of this ordinance or its application
to other persons or places. The City Council hereby declares
that it would have adopted this ordinance, and each section,
subsection, subdivision, sentence, clause, phrase or portion
thereof, irrespective of the fact that any one or more sections,
subsections, subdivisions, sentences, clauses, phrases, or
portions, or the application thereof to any person or place,
be declared invalid or unconstitutional.
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SECTION 3. The City Clerk hereby is authorized and directed
to certify as to the passage of this ordinance and to give notice
thereof by causing copies of this ordinance to be posted in three
public places within the City.
FIRST READ at a regular meeting of the City Council of said
City held on the 14th day of August 1978, and finally adopted
and ordered posted at a regular meeting of said Council held on
the 28th day of August 1978.
MAYOR OF
ATTEST:
CITY CLERK OF THE CITY OF CYPRESS
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS
HE CITY OF CYPRESS
I, DARRELL ESSEX, City Clerk of the City of Cypress, DO HEREBY
CERTIFY that the foregoing Ordinance was duly adopted at a regular
meeting of the said City Council held on the 28th day of August
1978; by the following roll call vote:
AYES: 4 COUNCIL MEMBERS: Lacayo, MacLain, Rowan and Hudson
NOES: 0 COUNCIL MEMBERS: None
ABSENT: 1 COUNCIL MEMBERS: Evans
CITY CLERK OF TH CITY OF CYPRESS