HomeMy WebLinkAboutRESOLUTIONS - 12191989 - 89-796 `s few
THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA
Adopted this Order on December 19, 1989 by the following vote:
AYES: Supervisors Fanden, Schroder, McPeak and Torlakson
NOES: None
ABSENT: Supervisor Powers
ABSTAIN: None - --
-- -_- ----- RESOLUTION NO. 89/796
SUBJECT: Exonerate Subdivision Agreement and release surety
bonds and cash deposit for faithful performance,
Subdivision 6670 Phase II, Walnut Creek Area.
On September 20, 1988, the Board approved a Subdivision Agreement
with Perpetual Asset Management Company for Subdivision 6670
Phase II, located in the Walnut Creek Area.
On December 12, 1989, the Board approved a Subdivision Agreement
and Final Map with MSM Development Corporation, subdivider, for
Subdivision 7172, whereby said subdivider agreed to complete the
improvements originally required by the Subdivider of Subdivision
6670 Phase II.
The Public Works Director has reported that since the subdivider
for Subdivision 7172 has agreed to complete the Subdivision 6670
Phase II improvements, there is no further need for the
Subdivision 6670 Phase II agreement and bonds, and . recommends
that they be exonerated.
NOW THEREFORE BE IT RESOLVED that the Subdivision Agreement with
Perpetual Asset Management Company, as approved by the Board on
September 20, 1988, is TERMINATED, the improvement security
bonds with Allied Mutual Insurance Company (Bond No.
BD7900521008) are EXONERATED and the Public Works Director is
authorized to refund the cash deposit (Auditor's Deposit Permit
No. 136012, dated February 11, 1988) in the amount of $1,000,
plus interest in accordance with Government Code Section 53079,
if appropriate, to Home Federal Savings and Loan.
1 hereby certify that this is a Yrus and correct copy of
an action taken ana entered on the minutes of the
Board of Supervisors on the dattle sI Town.
Originator: Public Works (ES) ATTESTED: n r, T�g9
cc: Director of Community D-vk ---- t'BA
_ PMiT —ECOR,Clerk of the Coard
. Public Works — Accounting of Supervisors and County Administrator
- Construction
Perpetual Asset Management Co. �► ��'f -- Deputy
625 Broadway #415
San Diego, CA 92101
MSM Development Corp.
P.O. Box 231055
Pleasant Hill, CA 94523
Allied Mutual Insurance Co.
Bond No. BD7900521008
P.O. Box 1820
La Mesa, CA 92044
Home Federal Savings & Loan
P.O. Box 210249
San Diego, CA 92185
BO:19.t12
RESOLUTION NO. 89/796
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