HomeMy WebLinkAboutRESOLUTIONS - 11291988 - 88-720 THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA
Adopted this Resolution on November 29, 1988 by the following
vote:
AYES: Supervisors Powers , Fanden, McPeak, Torlakson & Schroder
NOES: None
ABSENT: None
ABSTAIN: None RESOLUTION NO. 88/720
SUBJECT: Approval of Extension of and Amending Subdivision
Agreement, Subdivision 5980, Alamo Area.
The Public Works Director recommends that he be authorized
to execute the seventh agreement extension which extends the
Subdivision Agreement between Valley Oaks Associates and the
County for construction of certain improvements in Subdivision
5980, Alamo area, through September 30, 1989, and that the
Subdivision Agreement be amended to allow the addition of
supplementary securities to increase the bond amounts.
The following supplementary securities to guarantee the road
and drainage improvements as required by title 9 of the county
Ordinance code were presented for Board approval this date:
A. Cash deposit (Auditor's Deposit Permit No 145631, dated
September 13, 1988) in the amount of $913, made by American
Savings and Loan Association which supplements the existing cash
deposit (Auditor's Deposit Permit No. 42427, dated' June 29, 1981)
in the amount of $1, 000, made by Valley Oaks Associates.
B. Security with Valley Oaks Associates, as principal, in
the form of a letter of credit (No. 88-039) dated September 9,
1988, and issued by American Savings in the amount of $50, 100 for
faithful performance and $25, 050 for labor and materials.
C. A bond rider to modify Bond No. U 34 60 78, issued by
United Pacific Insurance Company, to increase bond amounts for
faithful performance from $90,700 to $141,200 and for labor and
materials from $45,850 to $70, 600.
NOW THEREFORE BE IT RESOLVED that the recommendation of the
Public Works Director is APPROVED and the Subdivision Agreement,
approved by the Board on June 30, 1981, is extended through
September 30, 1989 and is hereby AMENDED to allow the addition
of the above-mentioned securities.
i
Originator: Public Works (ES)
cc: Director of Community Development f acttake th
that this Is a true and correct copy of
an action
Oaken n and entered on e minutes of the
Public Works - Accounting Board of Supervisors on the date shown.
— Construction ATTESTED: NOV 2 9 1989
Valley Oaks Associates PHIL BATCHELOR,Clerk of the Board
c/o American Savings & Loan
1888 Lockheed Court of Supervisors and County Administrator
Stockton, CA 95206 ,� � / � ,
American Savings By Deputy
343 East Main Street
Stockton, CA 95201-0300
American Savings & Loan Association
P.O. Box 429
French Camp, CA 95231
United Pacific Insurance Company
P.O. Box 7870
San Francisco, CA 94120
The Quinn Company
2270 Camino Ramon, Suite 102
San Ramon, CA 94583
BO:29.tll RESOLUTION NO. 88/720