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HomeMy WebLinkAboutMINUTES - 11101987 - 1.8 (3) THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA Adopted this Resolution on November 10 , 1987 by the following vote : AYES : Supervisors Powers , Fanden, Schroder, Torlakson & McPeak NOES : None ABSENT: None ABSTAIN: None RESOLUTION NO.. 87/668 SUBJECT: Ap_pro_val _of_the Drainage Improvement Agreement for Subdivision 6865 , Oakley Area. The following document was presented for Board approval this date for Subdivision 6865 , property located in the Oakley area . A Drainage Improvement Agreement with Olde Bear Properties , developer , whereby said developer agrees to complete all improvements as required in said Drainage Improvement Agreement within one year from the date of said agreement . Improvements generally consist of approximately 2 ,350 lineal feet of off-site storm drain improvements for Line AA , Drainage Area, 29D . Said document was accompanied by the followahg : Security to guarantee the completion of road and drainage improvements as required by Title 9 of the County Ordinance Code , as follows : a . Cash deposit ( Auditor ' s Deposit Permit No . 131135 , dated October 19 , 1987 ) in the amount of $1 ,546 , made by Olde Bear Properties . b . Additional security in the form of a corporate surety bond dated October 16 , 1987 , and issued by American Motorists Insurance Company ( Bond No .., 3SM 702 308 00) with Olde Bear Properties as principal , in the amount of $ 153 , 054 for faithful performance and $77 , 300 for labor and materials . NOW THEREFORE BE IT RESOLVED that said Road Improvement Agreement is APPROVED. 1 hereby certify that this Is a true and correct copy of an actldn taken and entered on the minutes of the Board of Supervisors on Phe dp',s shown. ATTESTED: NOV 10 1987 PHIL BATCHELOR, Cierk of,stn Dcard of Supervisors and County Admini irator Originator: Public Works ( ES) BY �sl� �s�—� Deputy cc :. Director of Community Development Public Works - Construction (TBM 22E6 ) Olde Bear Properties 985 Moraga Road , #207 Lafayette , CA 94549 American Motorists Insurance Company c/o Lou Jones & Associates P .O . Box 1327 San Mateo , CA 94401 BO : 10 .t11 RESOLUTION NO.87/668