HomeMy WebLinkAbout67-115 - Earthquake Insurance on Clubhouse - Guaranteeing PaymentrM
RESOLUTION N0. 67-115
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COSTA MESA
GUARANTEEING THE PAYMENT OF THE $1,000.00 DEDUCTIBLE IN
EARTHQUAKE INSURANCE ON THE COSTA MESA MUNICIPAL GOLF AND
COUNTRY CLUBHOUSE, AND GUARANTEEING THE $1,000.00 DEDUCTIBLE
IN EARTHQUAKE INSURANCE ON THE MAINTENANCE BUILDING FOR SAID
MUNICIPAL GOLF COURSE.
WHEREAS, the provisions of the Bond Indenture for the Costa Mesa
Municipal Golf and Country Club, Incorporated, contain a requirement
prohibiting deductible amounts in insurance coverage; and
WHEREAS, the earthquake insurance coverage on the Country Clubhouse
includes a $1,000.00 deductible provision, and the earthquake insurance
covering the Maintenance Building for said golf course includes an additional
$1,000.00 deductible provision; and
WHEREAS, this Council is desirous of complying with the requirements
of the Bond Indenture for said Costa Mesa Municipal Golf and Country Club,
Incorporated;
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of
Costa Mesa, that the payment of the $1,000.00 deductible in the earthquake
insurance on the said Country Clubhouse, and the payment of the additional
$1,000.00 deductible in the earthquake insurance on the said Maintenance
Building, is hereby guaranteed in full and complete compliance with the
provisions of the Bond Indenture for the Costa Mesa Municipal Golf and
Country Club, Incorporated.
PASSED AND ADOPTED this 20th day of November, 1967.
Mayor of the Ci of,Costa Mesa
ATTEST:
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS.
CITY OF COSTA MESA )
I, C. K. PRIEST, City Clerk of the City of Costa Mesa and ex -officio
Clerk of the City Council of the City of Costa Mesa, hereby certify that the
above and foregoing Resolution No. 67-115 was duly and regularly passed and
adopted by the City Council of the City of Costa Mesa at a regular meeting
held on the 20th day of November, 1967.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the Seal
of the City of Costa Mesa, this 21st day of November, 1967.
City Clerk. and ex -officio Clerk of the
City Council of the City of Costa Mesa
City Clerk
of the
City of
Costa Mesa
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS.
CITY OF COSTA MESA )
I, C. K. PRIEST, City Clerk of the City of Costa Mesa and ex -officio
Clerk of the City Council of the City of Costa Mesa, hereby certify that the
above and foregoing Resolution No. 67-115 was duly and regularly passed and
adopted by the City Council of the City of Costa Mesa at a regular meeting
held on the 20th day of November, 1967.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the Seal
of the City of Costa Mesa, this 21st day of November, 1967.
City Clerk. and ex -officio Clerk of the
City Council of the City of Costa Mesa