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
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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
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RESOLUTION NO. 90/370