HomeMy WebLinkAboutMINUTES - 07111989 - 1.18 THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA
Adopted this Order on July 11, 1989 by the following vote:
AYES: Supervisors Powers , . Fanden, Schroder, McPeak & Torlakson
NOES: None
ABSENT: None
ABSTAIN: None _ -
RESOLUTION NO. 89/457
SUBJECT: Approval of Performance Bond Amount Reductions for
Subdivision Agreement and Drainage Improvement
Agreement, Subdivision 6865, in the Oakley Area.
On April 11, 1989, this Board resolved that the
improvements under the subdivision agreement with Olde Bear
Properties for Subdivision 6865 were completed.
On June 6, 1989 this Board resolved that the
improvements under the drainage improvement agreement with Olde
Bear Properties were also completed.
In accordance with Section 94-4.406 of the County
Ordinance Code, Olde Bear Properties has now requested an eighty-
five percent reduction in the performance bond amounts for both
agreements and has presented modified security in the form of
Surety Bond Endorsements from American Motorists Insurance
Company.
NOW THEREFORE BE IT RESOLVED that the $398, 574
performance bond amount under the subdivision agreement (Bond No.
35M 702 306 00, issued by American Motorists Insurance Company)
is reduced to $56, 364 and the $153,054 performance bond amount
under the drainage improvement agreement (Bond No. 35M 702 308
00, issued by American Motorists Insurance Company) is reduced to
$21, 644.
BE IT FURTHER RESOLVED that the labor and materials
bond amounts shall remain unchanged.
BE IT ALSO RESOLVED that the cash performance bond
deposits (Auditor's Deposit Permit No. 131135, dated October 19,
1987, in the amounts $4, 026 under the subdivision agreement and
$1,546 under the drainage improvement agreement) made by Olde
Bear Properties, shall be retained until the completion of the
warranty periods.
I hereby certify that this is a true and Correct Copy of
an action taken and entered on the minutes of the
Board of supe Jl1Ld11 da989 wn.
ATTESTED:
PHIL BATCHELOR,Clerk of the Board
of Supenlaors and Cou y Administrator
Originator: Public Works (ES)
cc: Public Works Construction 81 .Deputy
Olde Bear Properties
985 Moraga Road, #207
Lafayette, CA 94549
American Motorists Insurance Co.
%Lou Jones & Associates
P. O. Box 1327
San Mateo, CA 94401
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RESOLUTION NO.89/457