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HomeMy WebLinkAboutRESOLUTIONS - 08091988 - 88-512 COUNTY OF CONTRA F8055 A RESOLUTION N0. // A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE COUNTY OF CONTRA COSTA AUTHORIZING AND DIRECTING THE COUNTY COUNSEL TO MAKE CERTAIN CHANGES AND ADDITIONS TO THE PAYMENT AGREEMENT IN CONNECTION WITH THE HIGHWAY 4 EXPANSION PROJECT WHEREAS, the Board of Supervisors (the "Board") of the County of Contra Costa, by Resolution No.88/306, adopted on June 7, 1988, authorized the Chairperson of the Board to execute and deliver a payment agreement between the Contra Costa Delta Highway Joint Powers Financing Authority, the County, the City of Antioch and the City of Pittsburg dated as of June 1, 1988 (the "Payment Agreement" ) in connection with the expansion of- California State Highway 4 (the "Project" ) and authorized the County Counsel .to make changes in .said Payment Agreement in the interests of the County; and WHEREAS, because construction bids have been received by the County in connection with the Project, an estimate of the scheduled payments pursuant to Section 3 .01 and Exhibit A of said Payment Agreement is now available; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE COUNTY OF CONTRA COSTA AS FOLLOWS: Section 1. The County Counsel is hereby authorized and directed to insert dollar amounts in Section 3 .01 and the section of Exhibit A to the Payment Agreement which specifies payments by the County. Such amounts to be inserted in Section 3 .01 and Exhibit A shall not exceed $400, 000 per year, and shall be subject to adjustment as provided in Article VII of the Payment Agreement. 5336k Section 2 . This Resolution shall take effect immediately upon passage. PASSED AND ADOPTED ON AUGUST 9, 1988, BY THE FOLLOWING VOTE: AYES: Supervisors Powers, Fanden, McPeak, Torlakson, Schroder. NOES: None . ABSENT: None. Chairman:, Board of Supervisors [ SEAL] ATTEST: Phil Bachelor, Clerk of the Board and County Administrator By /� Deputy Clerk of the Board RESOLUTION No 88/512 2 5336k