HomeMy WebLinkAboutMINUTES - 02271990 - 1.7 /. 7
THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA
Adopted this Order on February 27, 1990 by the following vote:
AYES: Supervisors Powers, Schroder, McPeak, Torlakson and Fanden
NOES: None
ABSENT: None
ABSTAIN: None
SUBJECT: Completion of Warranty Period and Release of Cash
Deposit for Faithful Performance, of "Off-Site Drainage
Improvement", Subdivision 6703, Alamo Area.
On June 28, 1988, this Board resolved that the "off-
site storm drainage improvements in Subdivision 6703 were
completed as provided in the Subdivision Agreement with Seal
Beach Business Center Incorporated and now on the recommendation
of the Public Works Director;
The Board hereby FINDS that the improvements as of June
28, 1989 have satisfactorily met the guaranteed performance
standards for one year after completion and acceptance; and
IT IS BY THE BOARD ORDERED that the Public Works
Director is AUTHORIZED to refund the $1, 076 cash deposit
(Auditor's Deposit Permit No. 135445, dated January 29, 1988)
plus interest in accordance with Government Code Section 53079,
if appropriate, to Richland Development Corporation, pursuant to
Ordinance Code Section 94-4.406 and the Subdivision Agreement.
IT IS FURTHER ORDERED that the Public Works Director is
AUTHORIZED to exonerate the letter of credit dated February 24,
1988 issued by Cathay Bank (letter of credit No. CBS-88/0103-SBB)
with Seal Beach Business Center Incorporated as principal, in the
amount of $106,524 for faithful performance and $53,800 for labor
and materials.
I hereby certify that this Is a true. and correct copy of
an action taken and entered on the minuted of the
Board of Supervisors on the date shown.
ATTESTED: FEB 2 7 1990
PHIL BATCHELOR,Clerk of the Board
of Supervisors and County Administrator
Deputy
Originator: Public Works (ES)
cc: Public Works - Accounting
- Construction
Director of Comm Dev.
Seal Beach Business
Center Incorporated
c/o Richland Dev. Corp.
3478 Buskirk Ave.
Pleasant Hill, CA 94523
Richland Dev. Corp.
3478 Buskirk Ave.
Pleasant Hill, CA 94523
Cathay Bank
777 North Broadway
Los Angeles, CA 90012
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