HomeMy WebLinkAboutMINUTES - 01191988 - 1.8 THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA
Adopted this Order on January 19, 1988 by the following vote:
AYES: Supervisors Powers , Fanden, McPeak, Torlakson & Schroder
NOES: None
ABSENT: None
ABSTAIN: None
SUBJECT: Amending Acquisition Agreement, Subdivision 6333,
Oakley Area.
The Public Works Director having reported that on September
1, 1987 this Board approved an Acquisition Agreement with Hofmann
Company for the condemnation of land necessary to construct
Vintage Parkway and the Vintage Parkway Overpass for Subdivision
6333 in the Oakley area, and that said agreement is secured with
a $220,000 surety bond and a $13 ,000 cash deposit (Auditor's
Deposit Permit No. 128461, dated August 14, 1987) made by Hofmann
Company.
The Public Works Director having further reported that
Hofmann Company has deposited $184,500 with the courts in
conjunction with the condemnation action and that Hofmann Company
has requested the surety bond be reduced by that amount and has
submitted a bond rider for that purpose;
The Public Works Director recommends the bond be reduced as
requested by the developer.
NOW THEREFORE BE IT RESOLVED that the Acquisition Agreement
is AMENDED to allow reduction of the corporate surety bond issued
by American Insurance Company (Bond No. SMR 6453447) with Hofmann
Company as principal, from $220, 000 to $35,500 as evidenced by a
bond rider dated December 7, 1987.
E hepeby certify that this is a true and correct copy of
an action taken and entered on the minutes of the
Board of supervisorsR cyyn 1
the•date shown.
ATTESTED: _._�d1�1.�1��� --
PHIL BATCHELOR, Clerk of the Board
of Supeysisors.and County Administrator
By . Deputy
Originator: Public Works (ES)
cc: County Administrator
Public Works - Accounting
Real Property
Hofmann Company
P.O. Box 907
Concord, CA 94522
American Insurance Company
1341 Galaxy Way
Concord, CA 94520
BO: 19 .t1