HomeMy Public PortalAbout93-1009 ORDINANCE NO. 93-1009
AN ORDINANCE OF THE CITY OF CARSON RELATING TO
ALTERNATE SECURITY FOR BONDS AND AMENDING THE
CARSON MUNICIPAL CODE
THE CITY COUNCIL OF THE CITY OF CARSON HEREBY ORDAINS
AS FOLLOWS :
Section 1 . Article I, Chapter 4 of the Carson
Municipal Code is amended by amending Section 1400 to read as
C
ollows :
111400 . Bonds Alternate Security. In any case in
which a bond in favor of the City is required of any permittee,
licensee, subdivider, owner, or other person under any provision
or provisions of this Code or in connection with any permit,
license, subdivision, exception or other approval , action or
regulation validly granted, made or issued by the City Council,
Planning Commission or other duly constituted body, agency or
officer of the City, such bond shall be i"ssued by a surety
company duly authorized to transact surety business in the State
of California, and shall be subject to the approval of the City
Attorney. Unless the applicable law, permit, license, exception,
approval or other action shall otherwise provide, in lieu of such
surety bond there may be deposited with the Finance Director
savings and loan certificates or shares, or certificates, or
other evidence of deposit of funds in an amount equal to the
required bond, together with an assignment thereof to the City
and an agreement containing substantially the same provisions in
favor of the City as the required bond, provided that any such
alternate security, the assignment in favor of the City and such
agreement shall in every case be subject to the approval of the
City Attorney. Unless applicable law requires otherwise, when a
bond is required in connection with a parcel or tract map, a
promissory note or agreement secured by a deed of trust of which
the City is the beneficiary may be accepted in lieu of such
surety bond, subject to the prior approval of the City Attorney
and City Council in every case . "
Section 2 . Article IX, Chapter 2, Part 7 of the Carson.
Municipal Code is amended by amending Section 9207 . 14 by adding
thereto a new paragraph "d" to read as follows :
"d. When a bond is required in connection with a tract
map or parcel map, a promissory note or agreement secured by a
deed of trust of which the City is the beneficiary may be
accepted in lieu of a surety bond, subject to the prior approval
of the City Attorney and City Council in every case . "
PASSED, APPROVED and ADOPTED this 15th day of
June 1993 .
I
A': EST: MAYOR
y ,
CITY C'iERX
L f A?PROVEED AS TO FORM:
_TY ATTORNEY
ORDINANCE NO. 93-1009/PAGE 2 OF 2
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss.
CITY OF CARSON )
I, Helen S. Kawagoe, City Clerk of the City of Carson, California, do hereby certify
that the whole number of members of the City Council of said City is four; that the foregoing
ordinance, being Ordinance No. 93-1009 passed first reading on June 1 1993, was duly
and regularly adopted by the City Council of said City at a regular meeting of said Council,
duly and regularly held on the 15th day of June, 1993, and that the same was passed
and adopted by the following roll call vote:
AYES: COUNCIL MEMBERS: Calas, Muise-Perez, Fajardo, and Mitoma
NOES: COUNCIL MEMBERS: None
ABSTAIN: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
I
City Clerk, City f Carson,', California
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