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THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA
Adopted this Order on June 4, 1991 by the following vote:
AYES: Supervisors Schroder, .Torlakson and Powers
NOES: None
ABSENT: Supervisors Fanden and McPeak
ABSTAIN: None
SUBJECT: Completion of Warranty Period and Release of Cash Deposit
for Faithful Performance, Subdivision 6703 , Alamo Area.
On May 22, 1991, this Board resolved that the
improvements in Subdivision 6703 were completed as provided in the
Subdivision Agreement with Seal Beach Business Center, Incorporated
and now on the recommendation of the Public Works Director;
The Board hereby FINDS that the improvements have
satisfactorily met the guaranteed performance standards for one
year after completion and acceptance; and
IT IS BY THE BOARD ORDERED that the Public Works Director
is AUTHORIZED to refund the $1, 073 cash deposit (Auditor' s Deposit
Permit No. 135445, dated January 29, 1988) plus interest in
accordance with Government Code Section 53079, if appropriate, to
Seal Beach Business Center, Incorporated, pursuant to Ordinance
Code Section 94-4.406 and the Subdivision Agreement.
IT IS ALSO ORDERED that the Public Works Director is
AUTHORIZED to exonerate Letter of Credit No. CBS-88/0105-SBB issued
by Cathay Bank dated .February 24, 1988 with Seal Beach Business
Center, 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.JUN UN 4 1991
PHIL BATCHELOR,Clerk of the Board
of Supervisors and County Administrator
By _.� �' w_. �/QA� _. �,,Deputy
Originator: Public Works (ES)
CC: Public Works - Acct.
- Const.
Director of Comm Dev.
Seal Beach Business
Center, Incorporated
c/o Richland Dev. Co.
2033 North Main St. , Ste 530
Walnut Creek, CA 94596
Cathay Bank
Letter of Credit
CBs-88/0105-SBB
777 North Broadway
Los Angeles, CA 90012
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