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HomeMy WebLinkAboutMINUTES - 03071989 - 1.1 (2) THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA Adopted this Resolution on March 7, 1989 by the following vote: AYES: Supervisors Powers , Fanden, Schroder, McPeak & Torlakson NOES: None ABSENT: None ABSTAIN: None RESOLUTION NO. 89/140 SUBJECT: Approval of the Road Improvement Agreement (Livorna Road) for Subdivision 6885, Alamo Area. (4500-6X3026) The following documents were presented for Board approval this date for Livorna Road, Subdivision 6885, located in the Alamo area. I. A Road Improvement Agreement with H & M Investments, Inc. , developer, whereby said developer agrees to complete all improvements as required in said Road Improvement Agreement within one year from the date of said agreement. Improvements generally consist of full reconstruction of Livorna Road, from Trotter Way to Alamo Lane. Said document was accompanied by the following: Security to guarantee the completion of road and drainage improvements as required by Title 9 of the County Ordinance Code, as follows: A. Cash deposit (Auditor's Deposit Permit No. 152626, dated February 21, 1989) in the amount of $3, 145, made by Bogue Property Investment Company II. B. Additional security in the form of a corporate surety bond dated February 17, 1989, and issued by Planet Insurance Company (Bond No. P1612869) with H & M Investments, Inc. as principal, in the amount of $311, 355 for faithful performance and $157,250 for labor and materials. II. An agreement for Acquisition of Off-Site Right-of-Way with H & M Investments, Inc. , subdivider, whereby said subdivider agrees to pay all costs and expenses involved in acquiring off-site right-of-way for storm drain facilities. Said document was accompanied by security to guarantee payment of off-site right-of-way acquisition expenses as follows: A. Cash deposit (Auditor's Deposit Permit No. 152626 dated February 21, 1989 in the amount of $34,950 made by Bogue Property Investment Company II. B. Additional security in the form of cash deposit (Auditor's Deposit Permit No. 152738 dated February 23, 1989) in the amount of $43, 000 made by Bogue Property Investment Company II. RESOLUTION NO. 89/140 NOW THEREFORE BE IT RESOLVED that said Road Improvement Agreement is APPROVED. BE IT FURTHER RESOLVED that said Acquisition of Off-Site Right-of-Way Agreement is APPROVED. 1 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: MAR 7 1989 PHIL BATCHELOR,Clerk of the Board of Supervisors and County Administrator By JU44 ,Deputy r Originator: Public Works (ES) cc: Director of Community Development Public Works - Construction (TBM 77 & 78) H & M Investments, Inc. Bogue Property Investment Company II 7901 Stoneridge Drive, #403 Pleasanton, CA 94566 Planet Insurance Company 5 Third St. , Suite 825 San Francisco, CA 94103 BO:7.t3 RESOLUTION NO. 89/140 I