HomeMy WebLinkAboutMINUTES - 06261990 - 1.7 Recorded at the request of:
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THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA
Adopted this Resolution on June 26, 1990 by the following vote:
AYES: Supervisors Powers, Schroder, McPeak, Torlakson and Fanden
NOES: None
ABSENT: None
ABSTAIN: None RESOLUTION NO. 90/423
SUBJECT: Completion of Improvements, and Declaring Certain Roads
as County Roads, Subdivision MS 5-85, Antioch Area.
The Public Works Director has notified this Board that the
improvements in Subdivision MS 5-85 have been completed as provided
in the Subdivision Agreement with Bridgehead Center Partnership
heretofore approved by this Board in conjunction with the filing of
the Subdivision Map.
The Public Works Director having also notified this Board that
Bridgehead Center Partnership, subdivider, has requested an eighty-
five percent performance bond reduction for the duration of the
warranty period and has submitted substitute security in the form
of a letter of credit dated June 8, 1990, issued by Concord
Commercial Bank with Bridgehead Partnership as principal, in the
amount of $9, 695 for faithful performance.
The Public Works Director having also notified this Board that
the subdivider has submitted a letter of credit dated June 8, 1990,
issued by Concord Commercial Bank with Bridgehead Center Partner-
ship as principal, in the amount of $35, 650 for labor and materi-
als, as substitute security for the letter of credit dated February
26, 1987, issued by Concord Commercial Bank (Letter of Credit No.
010002-3) with Bridgehead Center Partnership as principal.
NOW THEREFORE BE IT RESOLVED that the improvements have been
COMPLETED as of June 26, 1990 thereby establishing the six-month
terminal period for the filing of liens in case of action under
said Subdivision Agreement:
DATE OF AGREEMENT SURETY
March 31, 1987 Concord Commercial Bank
Letter of Credit
BE IT FURTHER RESOLVED that the widening of State Highway 4
and Bridgehead Road are ACCEPTED, as shown and dedicated for public
use on the Parcel map of Subdivision MS 5-85 filed April 8, 1987,
in Book 127 of Parcel Maps at page 10, Official Records of Contra
Costa County, State of California.
BE IT FURTHER RESOLVED that the beginning of the one year
warranty period is hereby established, and the $1,000 cash deposit
(Auditor's Deposit Permit No. 121354, dated March 13, 1987) made by
Bridgehead Center Partnership be RETAINED for one year pursuant to
the requirements of Section 94-4.406 of the Ordinance Code.
BE IT FURTHER RESOLVED that the aforesaid letters of credit
dated June 8, 1990 are ACCEPTED as substitute security.
BE IT FURTHER RESOLVED that the aforesaid substitute letter of
credit dated June 8, 1990 for the payment of labor and materials be
RETAINED for the six-month lien guarantee period until December 26,
1990, at which time the Public Works Director is AUTHORIZED to
exonerate the letter of credit if no claims are on file, or to draw
on the letter of credit in the amount of any claims on file.
RESOLUTION NO.90/423
Completion of Improvements for Subdivision MS 5-85
June 26, 1990 '
Page Two
BE IT FURTHER RESOLVED that the Public Works Director is
AUTHORIZED to exonerate the letter of credit dated February 26,
1987, issued by Concord Commercial Bank (Letter of .Credit No.
010002-3) with Bridgehead Center Partnership as principal, in the
amount of $70, 300 for faithful performance and $35, 650 for labor
and materials.
I hereby certify that this is a true and correct copy of
an action taken ano entered on the minutes of the
Board of Supervisors on the date shown.
ATTESTED. JUN 2 6 1990
PHIL BATCHELOR,Clerk of the Board
�soff Supervisors and County Administrator
Originator: Public Works (ES)
cc: Public Works - Accounting
- Construction
- Maintenance (w/Plat)
- Tickle File 12-19-90
Recorder (via clerk)
then PW Records
Bridgehead Center Partnership
1738 Grant Street
Concord, CA 94520
Concord Commercial Bank
2118 Willow Pass Rd. #100
Concord, CA 94520
SYM:mg
BO.26.t6
RESOLUTION NO. 90/423