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HomeMy WebLinkAboutRESOLUTIONS - 08211990 - 90/555l THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTYO CALIFORNIA Adopted this Resolution on August 21, 1990 by the following vote: AYES: Supervisors Powers, Schroder, Torlakson and Fanden NOES: None ABSENT: Supervisor McPeak ABSTAIN: None RESOLUTION NO. 90/555 SUBJECT: Amending Subdivision Agreement, Subdivision 7238, Martinez Area. The following substitute security to guarantee the road and drainage improvements as required by Title 9 of the County Ordinance Code was presented for Board approval this date: Security with HRC Development as principal in the form of a letter of credit dated August 6, 1990, issued by Civic Bank of Com- merce (Letter of Credit No. 00312-DCH) in the amount of $156,420 for faithful performance and $79,000, for labor and materials. NOW THEREFORE BE IT RESOLVED that the Subdivision Agreement approved by the Board on May 22, 1990, is hereby AMENDED to allow substitution of the above-mentioned letter of credit in place of the cash security; BE IT FURTHER RESOLVED that the Public Works Director is AUTHO- RIZED to refund the cash deposit (Auditor's Deposit Permit No. 172860, dated May 4, 1990) , in the amount of $235,420 ($156,420 for faithful performance and $79,000 for labor and materials) , plus interest in accordance with Government Code Section 53079, if appropriate, to HRC Development. I hereby certify that this is a crux and correct copy of an action taken and entered on the minutes of the Board of Supervisors on the date shown. ATTESTED: AUG 2 1 199n PHIL BATCHELOR,Clerk of the Board of Supervisors and Co u nty Administrator c 9rLa. -4/i• A Deputy originator: Public Works (ES) ca: Director of Community Dev. Public Works Accounting Construction HRC Developement 1400 Fashion Island Blvd. #100 San Mateo, CA 94404 Civic Bank of Commerce 100 Hegenberger Rd. Oakland, CA 94621 SYM:mg bo21.t8 RESOLUTION NO.90/555