Loading...
HomeMy WebLinkAboutRESOLUTIONS - 04101990 - 90/214Recorded at- the%request of: Contra'Costa County Return to: Public Works Department Records Section THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA Adopted this Resolution on April 10, 1990 by the following vote: AYES: Supervisors Powers , Schroder, McPeak , Torlakson & Fanden - NOES: None ABSENT: None ABSTAIN: None RESOLUTION NO. 90/214 SUBJECT: Completion of Improvements and approval of Road Improvement Agreement for Highway 4 at Laurel Road for, Subdivision 5946, Oakley Area. On October 21, 1986, this Board approved a Road Improvement Agreement for Subdivision 5946 with Hal Porter Development Company Incorporated, developer, whereby said developer agreed to complete all improvements as required in said Road Improvement Agreement.The improvements generally consists of improving Laurel Road east of Highway 4, constructing a bridge across Marsh Creek, and widening Highway 4 at Laurel Road, in the Oakley area. The Public Works Director has notified this Board that the Laurel Road improvements and the construction of the bridge have been completed as provided in said agreement. In order to allow the release of a major portion of the Road Improvement Agreement bond for said completed improvements, before the completion of the Highway 4 improvements, the following documents were presented for Board Approval: A Road Improvement Agreement with Hal Porter Development Company Incorporated, developer, whereby said developer agrees to complete all improvements as required in said Road Improvement Agreement within one year from the date of agreement. The improvements generally consists of completing the Highway 4 improvements at Laurel Road. Said document was accompanied by security to guarantee the completion of the road and drainage improvements as required by Title 9 of the County Ordinance Code, as follows: A. Cash deposit in the amount of $1, 000. The developer has requested that $1,000 of the 3, 198 cash deposit (Auditor's Deposit Permit No . 115068 , dated October 14 , 1986) originally made for the aforesaid Road Improvement Agreement approved on October 21, 1986, be assigned as cash security for the new Road Improvement Agreement. B. Additional Security in the form of a corporate surety bond, with rider, dated February 23, 1990, and issued by Meritplan Insurance Company (Bond No. 04NAA006420) with Hal Porter Development Company Incorporated as principal, in the amount of $50,900 for faithful performance and $50,900 for labor And materials. NOW THEREFORE BE IT RESOLVED that the Laurel Road Improvements and bridge across Marsh Creek have been COMPLETED as of November 30, 1989 thereby establishing the six-month terminal period for the filing of liens in case of action under the Road Improvement Agreement: DATE OF AGREEMENT SURETY October 21, 1986 Fairmont Insurance Company Bond No. FB015508 RESOLUTION NO. 90/214 Completion of Improvements for Subdivision 5946 April 10, 1990 Page 2 of 2 BE IT FURTHER RESOLVED that the remainder of cash deposit in the amount of $2, 198 (Auditor's Deposit Permit No. 115068, dated October 14 , 1986) made by Hal Porter Development Incorporated be RETAINED for one year pursuant to the requirements of Section 94-4 .406 of the Ordinance Code. BE IT FURTHER RESOLVED the Road Improvement Agreement for the Highway 4 improvements and the assignment of the $1, 000 cash deposit to said agreement is APPROVED. I hereby certify that this Is a true and correct copy of an action taken and entered on the minutes of the Board of Supen4 re on the date shown. ATTESTED: HR 10 1990 PHIL BATCHELOR,Clerk of the Hoard of Supervisors and Co unt/y Administrator eV I hsw /.//.c!.1 Deputy Originator: Public Works (ES) cc: Public Works - Accounting Construction Recorder (via clerk) then PW Records Hal Porter Dev. Co. P.O. Box 1088 Brentwood, CA 94513 Meritplan Insurance Co. P.O. Box 19702 Irvine, CA 92713 Fairmont Insurance Co. 444 Market St. 28th fl. San Francisco, CA 94111 SYM:mg BO: l0.t4 RESOLUTION NO.90/214