HomeMy WebLinkAboutMINUTES - 01071992 - 1.15 THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA
Adopted this Order on January 7, 1991 by the following vote:
AYES: Supervisors Fanden, Schroder, McPeak, Torlakson and Powers
NOES: None
ABSENT: None
ABSTAIN: None
SUBJECT: Terminate Subdivision Agreement, Exonerate Letter of Credit and Release
Cash Deposit for Faithful Performance. Subdivision MS 65-90, Walnut Creek
Area.
On September;24, 1991, this Board approved a Subdivision Agreement with Joseph
and Alberta Sidran and accepted as security a Cash deposit (Auditor's Deposit Permit No.
195429, dated September 3, 1991) in the amount of $1,000 made by The Sidran Trust,
Joseph and Alberta D. Sidran, Trustees, and a letter of credit dated September 4, 1991,
issued by California Federal Bank, with Joseph and Alberta Sidran as principal, in the
amount of $7,500 for faithful performance and $4,250 for labor and materials.
The Public Works Director has notified this Board that the improvements in this
subdivision will now tie constructed under an encroachment permit and that the Letter of
Credit and Cash Bond for Performance and labor and materials are no long needed;
IT IS BY THE BOARD ORDERED that the Public Works Director is
AUTHORIZED to terminate said Subdivision Agreement and to exonerate the Letter of
Credit dated September 4, 1991, issued by California Federal Bank with Joseph and Alberta
Sidran as principle, in the amount of $7,500 for faithful performance and $4,250 for labor
and materials.
IT IS FURTHER ORDERED that the Public Works Director is AUTHORIZED to
refund the $1,000 cash deposit (Auditor's Deposit Permit No. 195429, dated September 3,
1991) plus interest in ''accordance with Government Code Section 53079, if appropriate, to
Joseph and Alberta Sidran, pursuant to Ordinance Code Section 94-4.406 and the
Subdivision Agreement.
I hereby certify that this is a true and correct copy of
an action taken and entered on the minutes of the
Board of Supervisors on the data shown.
ATTESTED: -IAN 7 1992
PHIL BATCHELOR,Clerk of the Board
of Supervisors and Co my Administrator
By ,Deputy
Originator: Public Works (ES)
cc: Public Works - Acct.
- Const.
Director of Comm Dev.
Joseph & Alberta Sidran
2100 Glenhaven Ave.
Walnut'Creek, CA 94595
California Federal Bank
Letter of Credit
2950 Treat Blvd.
Concord, CA 94518
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