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RESOLUTION NO. 40(/..u._ <br /> RESOLUTION APPROVING THE RELEASE <br /> OF ONE PERFORMANCE BOND FOR THE <br /> CONSTRUCTION OF CERTAIN SIDEWALKS <br /> WITHIN INDIAN HILLS PLAT NO. 5 <br /> CITY OF CLIVE, IOWA, AND AUTHORIZING <br /> THE MAYOR AND CITY CLERK TO EXECUTE THE <br /> NECESSARY ENDORSEMENTS IN ORDER TO <br /> IMPLEMENT SAID APPROVAL <br /> WHEREAS, the City of Clive, Iowa, is presently protected as <br /> Obligee under the following performance bond for the completion of <br /> the construction of certain sidewalks within the area commonly <br /> known as Indian Hills Plat No. 5, City of Clive, Iowa: <br /> Bond No. in the amount of $ , dated the <br /> day of , 19 , relating to Indian Hills <br /> Plat No. 5. The Principal under such bond is <br /> and the Surety <br /> is <br /> WHEREAS, the above said performance bond protects the City of <br /> Clive from the failure of the Principal thereunder to construct the <br /> sidewalks within the designated Plat as required by law; and <br /> WHEREAS, according to the Director of Public Works of the City, <br /> the above said Principal under said bond has completed all of the <br /> sidewalk construction as so required; and <br /> WHEREAS, the City of Clive, due to the completion of all of the <br /> construction of said sidewalks as so required, is desirous of re;- <br /> leasing the above said bond. <br /> NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br /> OF CLIVE, IOWA: <br /> That the City of Clive hereby approves the release of Bond <br /> No. , dated the day of <br /> 19 , relating to Indian Hills Plat No. 5, and further hereby <br /> authorizes the Mayor and the City Clerk to execute any necessary <br /> endorsements in order to implement this approval. <br /> PASSED AND APPROVED this day of , 19 • <br /> Ift <br /> �1:. of"! , <br /> 4 46 0/Vvrt <br /> O. cene ad•ox, Mayor <br /> ATTEST: gLt--tV- <br /> Marjorie S. Lee, City Clerk <br />