HomeMy WebLinkAboutRESOLUTIONS - 02121991 - 91-99 Recorded at the request of:
Contra Costa County
Return to:
Public Works Department
Records Section
THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA
Adopted this Resolution on February 12, 1991 by the following vote:
AYES: Supervisors Fanden, Schroder, Torlakson and Powers
NOES: None
ABSENT: Supervisor McPeak
ABSTAIN: None RESOLUTION NO. 91/99
SUBJECT: Completion of Improvements, Subdivision 7238, Martinez
Area.
The Public Works Director has notified this Board that the
improvements in Subdivision 7238 have been completed as provided in
the Subdivision Agreement with HRC Development heretofore approved
by this Board in conjunction with the filing of the Subdivision
Map.
NOW THEREFORE BE IT RESOLVED that the improvements have been
COMPLETED as of November 28, 1990 thereby establishing the
six-month terminal period for the filing of liens in case of action
under said Subdivision Agreement:
DATE OF AGREEMENT SURETY
May 22, 1990 Civic Bank of Commerce
Letter of Credit No. 00312-DCH
BE IT FURTHER RESOLVED that there is no one year warranty
period required, and the Public Works Director is AUTHORIZED to
refund the $1, 580 cash security for performance (Auditor' s Deposit
Permit No. 172860, dated May 4, 1990) plus interest in accordance
with Government Code Section 53079, if appropriate, to HRC
Development pursuant to the requirements of the Ordinance Code.
BE IT FURTHER RESOLVED that the aforesaid letter. of credit
held as security for the payment of labor and materials in the
amount of $79, 000 be RETAINED for the six-month lien period until
May 28, 1991, at which time the Public Works Director is AUTHORIZED
to exonerate the letter of credit if no claims are on file, or to
draw on the letter of credit if no claims are on file, or to draw
on the letter of credit in the amount if any claims on file.
BE IT FURTHER RESOLVED that the sum of $156, 420 for faithful
performance can be released from the aforesaid letter of credit,
dated August 6, 1990, issued by Civic Bank of Commerce with HRC
Development as principal.
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 date shown.
ATTESTED: FEB 12 1991
PHIL BATCHELOR,Clerk of the Board
of Supervisors and County Administrator
Originator: Public Works (ES) .�
cc: Public Works - Accounting. Byj �, ..�L tea,,_ ��Deputy
- Construction
- Maintenance
(w/Plat)
Tickle File 5-28-91
Recorder (via clerk)
then PW Records
HRC Development
1400 Fashion Island Blvd. #1000
San Mateo, CA 94404
Civic Bank of Commerce
100 Hegenberger Rd.
Oakland, CA 94621
MM:mg
BO12 .t2
RESOLUTION NO. 91/99