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HomeMy WebLinkAboutRESOLUTIONS - 01012003 - 2003-436 C7 THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY,CALIFORNIA Adopted this Resolution on July 8,2003 by the following vote: AYES: SUPERVISORS GIOIA, UILKEMA, AND GLOVER NOES: NONE ABSENT: SUPERVISOR MARK DESAUINIEEt ABSTAIN: NONE DISTRICT III SEAT VACANT RESOLUTION NO.2003/436 SUBJECT: Releasing Letter of Credit, Minor Subdivision 39-87,Alamo area. (District M On September 14, 1993,this Board approved the Subdivision Agreement with Peter Ostrosky and Shirley Nelson for Minor Subdivision 39-87. On February 27, 1997 this Board amended said Subdivision Agreement to allow Letter of Credit,dated January 31, 1996,issued by East County Bank with Peter Ostrosky and ShirleyNelson as principal in the amount of$51,000.00 for performance and$26,000.00 for labor and materials,to be the new bond requirements. On November 5,2002 this Board resolved that the improvements in Minor Subdivision 39- 87 were completed for the purpose of establishing a terminal period for the filing of liens in case of action under said Subdivision Agreement. NOW THEREFORE BE IT RESOLVED that the six-month lien guarantee period has ended. BE IT FURTHER RESOLVED that there is no warranty period and the Public Works Director is AUTHORIZED to arrange for the return of the Letter of Credit and the Subdivision Agreement is EXONERATED. PE:rm G.1CarpData\EngSvc\BO\2003\7-8-03\MS 3987 BO-60.doc I hereby certify that this is a true and correct copy of an Odglnator: Public Works(ES) action taken and entered on the minutes of the Board of Contact: Toch Uerly(313-2348) Supervisors on the date shown. cc: Public Works -Accounting M.Valdez,M&T T,ab -T.Bell,Construction -P.Edwards,Engineering Services ATTESTED: JULY , 2003 Current Planning,Community Development Peter Ostrosky JOHN SWEETEN, Clerk of the Board of Supervisors 17 Sugarloaf Terrace and County Administrator Alamo,CA 94507 Shirley Nelson 103 Lark Court Alamo,CA 94507 / City National Bank By Deputy International Department 606 Olive Street,Suite 300 Los Angeles,CA 90014 RESOLUTION NO.2003/ 436