HomeMy WebLinkAboutMINUTES - 05191987 - 1.71 File: 250-8521/C. 3
BOARD OF SUPERVISORS
FROM: Barton J. Gilbert, Director of General Services
Contra
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May 19, 1987 CJ�.J.7lCl
DATE.
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SUBJECT: APPROVING ESCROW AGREE4ENT FOR REMODELING AND ADDITION
AT 50 GLACIER DRIVE, MARTINEZ
BUDGET LINE ITEM NO. 4405-4200; AUTHORIZATION NO. 0928-WH2O0D
SPECIFIC REQUEST(S) OR RECOMMENDATION(S) a BACKGROUND AND JUSTIFICATION
I. RECOMMENDATION
A. APPROVE an escrow agreement with C. Overaa and Co. , 200
Parr Boulevard, Richmond, and Mechanics Bank, 3170 Hilltop
Mall Road, Richmond, for security deposits in lieu of
retention..
B. AUTHORIZE the Director of General Services to execute the
agreement which will permit C. Overaa and Co. to deposit
securities with Mechanics Bank, . the Escrow Agent, as a .
substitute for retention to be withheld by the County
pursuant to the Construction Contract entered into between
the County and C. Overaa and Co. for Remodeling and
Addition at 50 Glacier Drive, Martinez, and pursuant to
Section 4590 of Chapter 13 of Division 5 of Title 1 of the
Government Code of the State of California.
II . FINANCIAL IMPACT
There should be no financial impact on the County.
III . REASONS FOR RECOMMENDATIONS/BACKGROUND
The Construction Contract for Remodeling and Addition at 50
Glacier Drive, Martinez, permits the substitution of
securities in lieu of retention in accordance with Section
4590 in the Government Code. This Escrow Agreement defines
the responsibilities of the parties and the terms of release
of funds. The agreement is substantially similar to the form
set forth in Section 4590 of the Government Code.
CONTINUED ON ATTACHMENT: YES SIGNATURE:
RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
APPROVE OTHER
SIGNATURE(S):
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ACTION OF BOARD ON MAY 19 1987 APPROVED AS RECOMMENDED OTHER
VOTE OF SUPERVISORS
I HEREBY CERTIFY THAT THIS IS A TRUE
_UNANIMOUS (ABSENT AND CORRECT COPY OF AN ACTION TAKEN
AYES' NOES: AND ENTERED ON THE MINUTES OF THE BOARD
ABSENT: ABSTAIN: OF SUPERVISORS ON THE DATE SHOWN. .
Orig. Div. General Services - Arch. Div.
cc: General Services Department ATTESTED _ MAY 1 9 1997
Architectural Division PHIL BATCHELOR, CLERK OF THE BOARD OF
G.S. Accounting SUPERVISORS AND COUNTY ADMINISTRATOR
County Administrator
Atten: D. Bell
Auditor Controller BY .DEPUTY
M38217-83C. Overaa & Co. (via Pi Vv)
Mechanics Bank RDH:pg