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HomeMy WebLinkAboutMINUTES - 11071989 - 1.69 1-069 TO: BOARD OF SUPERVISORS (ern FROM: Phil Batchelor, County Administrator ' i ',/ COI1t1'a Costa DATE: October 31, 1989 CouNY SUBJECT: West County Justice Center, Project B w Bond to Release Funds Withheld on Stop Notice Specific Request(s) or Recommendations(s) & Background & Justification RECOMMENDATION The Board exercises its discretion, pursuant to Civil Code Sec. 3196 to permit Walsh Construction Company to file with the County of Contra Costa the bond issued by Insurance Company of North America, number 48UK500302 dated October 13, 1989. FINANCIAL IMPACT The Bond is in the amount of $444,805, which is 125% of the $355.843.97 stop notice claim, which is consistent with Civil Code. There is no cost to the County related to this action. REASONS FOR RECOMMENDATION/BACKGROUND Resulting from a dispute between one of the West County Justice Center subcontractors (Thorn Automated Systems, Inc. ) and their third tier subcontractor (Jensen Electric Co. ) , Jensen Electric Co. filed a Stop Notice with the County. As a result, $444,805 has been retained from the General Contractor's progress payment. Absent a settlement of this dispute and release of the Stop Notice, Thorn Automated Systems filed a bond pursuant to Sec. 3196 of the Civil Code. The bond protects the County' s financial interests while permitting normal progress payments to the Contractor. CONTINUED ON AZTACffiENT: YES Signature Recommendation of County Administrator Recommendation of Board Committee Approve Other Signature(s) : Action of Board on: NOV 7 1989 Approved as Recommended Other Vote of Supervisors: I HEREBY CERTIFY THAT THIS IS A TRUE AND CORRECT COPY OF AN ACTION TAKEN ✓ Unanimous (Absent 1II ) AND ENTERED ON THE MINUTES OF THE Ayes: Noes: BOARD OF SUPERVISORS ON DATE SHOWN. Absent: Abstain: Attested: NOV 7 1985 cc: CAO, Justice System Programs Phil Batchelor, Clerk of County Counsel the Board of Supervisors Auditor-Controller and County Administrator GSD, attn: Rob1tHill Terry GSD, attn: Terry Mann By: ij , , DEPUTY \TXT\STOPNOTC.BO