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HomeMy WebLinkAboutMINUTES - 06121990 - 1.7 THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA Adopted this Resolution on June 12, 1990 by the following vote: AYES: Supervisors Powers, Fanden, Schroder, McPeak and Fanden NOES: None ABSENT None ABSTAIN: None RESOLUTION NO. 90/370 SUBJECT: Amending Subdivision and Road Improvement Agreements, i Subdivision 7099, Alamo Area. The following substitute securities to guarantee the road and j drainage improvements as required by Title 9 of the County Ordinance Code was presented for Board approval this date: I. Security for Subdivision Agreement with Erselia, L.P. as principal in the form of a corporate surety bond (Bond No. 993503 S) dated May 22, 1990, and issued by Developer's Insurance Company in the amount of $93, 600 for faithful performance and $47, 300 for labor and materials. II. Security for Road Improvement Agreement with Erselia, L..P. as principal in the form of a corporate surety bond (Bond No. 993504 S) dated May 22, 1990, and issued by Developer's Insurance Company in the amount of $51,300 for faithful performance and $26, 150 for labor and materials. NOW THEREFORE BE IT RESOLVED that the Subdivision Agreement and Road Improvement Agreement approved by the Board on May 1, 1990, is hereby AMENDED to allow substitution of the above- mentioned corporate surety bond in place of the letters of credit; BE IT FURTHER RESOLVED that the Public Works Director is AUTHORIZED to exonerate Letter of Credit No. 1035 (in the amount of $51, 300 for faithful performance) and Letter of Credit No. 1036 (in the amount of $93, 600 for faithful performance and $47,300 for labor and materials) ; both dated April 19, 1990 and issued by the Bank of San Ramon Valley with Thomas Barry Construction, Incorporated 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: o�1�N 12 1q ! .s'L._—__ PHIL BATCHELOR,Clerk of the Board of Supervisors and Countv Administrator i .ceputy Originator: Public Works (ES) cc: Director of Community Dev., Public Works - Accounting - Construction Erselia, L.P. 300 La Tierra Buena Danville, CA 94.526 Developer's Ins. Co. 333 Wilshire Ave. Anaheim, CA 92801 SYM:mg b.ol2.t6 RESOLUTION NO. 90/370