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HomeMy WebLinkAboutMINUTES - 06161992 - 1.16 A A6 TO: BOARD OF SUPERVISORS FROM: J. MICHAEL WALFORD, PUBLIC WORKS DIRECTOR DATE: JUNE 16, 1992 SUBJECT: ACCEPTING THE ASSESSMENT DISTRICT SCREENING COMMITTEE'S RECOMMENDATION THAT THE BOARD' APPROVE FORMATION OF ASSESSMENT DISTRICT AD 1992-1 BASED ON THE FOLLOWING CONDITIONS SPECIFIC REQUEST(S) OR RECOMMENDATION(S) &BACKGROUND AND JUSTIFICATION I. Recommended Action: ACCEPT the Assessment District Screening Committee's recommendation that the Board approve formation of Assessment District AD 1992-1 based on the following conditions: A. Formation of the assessment district is subject to the filing and recording of the Oak Gate Subdivision (7621) final map. B. The Garrigan Property (Assessor's Parcel No. 220-080-021) be made a part of the Mrack Road Assessment District. C. Bonds shall be 1915 non-recourse bonds. D. Create a three percent (3%) reserve fund. E. Property/Assessment valuation ratio to be-not less then 3:1. F. The Tomek property (Assessor's Parcel No. 220-080-024) be required to execute an agreement to reimburse the assessment district should the property be developed within ten years from the formation of the assessment district. Continued on Attachment: X SIGNATURE: Zi _ RECOMMENDATION OF COUNTY ADMINISTRATOR _ RECOMMENDATION OF BOARD COMMITTEE APPROVE OTHER SIGNATURE(S): ACTION OF BOARD ON APPROVED AS RECOMMENDED OTHER VOTE OF SUPERVISORS I/ UNANIMOUS (ABSENT ) AYES: NOES: ABSENT: ABSTAIN: SE:sj c:BO16.t6 Orig. Div: Public Works (Admin) cc: Assessment District Screening Committee (via PW) R.Gilchrist, PW Accounting S. Epperly, PW Administration I hereby certify that this is a true and correct copy Y Robert Brunsell an action taken and entefed on the minutes of the P.O. Box 8808 Hoard of Supervisors on the date shown, Emeryville, CA 94662 ATTESTED: ^� N 1 �► 199/ gm Nadine Lee PHIL BATCHELOR,Clerk of the Board Liberty Public financial Advisors of Supervisors and County Administrator 2250 Fairfield Road 9 1 Pleasanton, CA 94556 By ^ _ ceps Richard Nystrom Nystrom Engineering 500 Ygnacio Valley Rd., #425 Walnut Creek, CA 94596 f AD 1992-1 June 16, 1992 Page Two II. Financial Impact: None to County. III. Reasons for Recommendations and Background: The Oak Gate Subdivision property owners are requesting approval for the formation of an assessment district to construct public improvements such as roadways, drainage facilities, sewer and other applicable improvements. The formation of such a district will offer the property owner the efficiencies of private construction and the cost savings of public financing. IV. Consequences of Negative Action: The property owners will not receive the benefits of public financing and the efficiencies of. private construction. ♦ J' RESOLUTION NO. 241 RESOLUTION ACCEPTING PETITION ASSESSMENT DISTRICT NO. 1992-1 MRACK ROAD IMPROVEMENTS CAMINO TASSAJARA AREA The Board of Supervisors of the County of Contra Costa resolves: Certain owners_ of real property have filed with the Clerk of this body a petition, signed by them, requesting the public improvements described in the petition, the cost to be specially assessed against land benefiting from the improvements. The petition contains an express waiver of statutory proceedings under the Special Assessment Investigation, Limitation and Majority Protest Act of 1931, as provided in Section 2804 of the Streets and Highways Code. The Board finds that all of the owners of more than sixty percent (60%) in area of the land subject to assessment for the proposed improvements have signed the petition. Accordingly, the Board accepts the petition and directs that special assessment proceedings .shall be undertaken by the terms of the petition, and without further compliance with the Special Assessment Investigation, Limitation and Majority Protest Act of 1931. This action is final within the meaning of Section 3012 of the Streets and Highways Code. RESOLUTION NO. 92/417 J � s I HEREBY CERTIFY that the foregoing resolution was duly and regularly adopted by the Board of Supervisors of the County of Contra Costa, State of California, at the regular meeting thereof, held on the 16th day of June, 1992. ATTEST: PHIL BATCHELOR, Clerk of the Board of Supervisors and County Administrator By RESOLUTION N0, 92/417 Jf .. RESOLUTION NO. 92/418 RESOLUTION APPROVING BOUNDARY MAP ASSESSMENT DISTRICT NO. 1992-1 MRACK ROAD IMPROVEMENTS CAMINO TASSAJARA AREA The Board of Supervisors of the County of Contra Costa resolves: A map entitled "Proposed Boundary of Assessment District 'No. 1992-1, Mrack Road Improvements Camino Tassajara Area, Contra Costa County, California" has been filed with the Clerk of the Board. This Board approves the map and adopts the boundaries shown on the map as describing the extent of the territory included in a proposed assessment district to be known as Assessment District No. 1992-1, Mrack Road Improvements Camino Tassajara Area, County of Contra Costa, California. This Board finds that the map is in .the form and contains the matters prescribed by Section 3110 of the California Streets and Highways Code. This Board directs the Clerk of the Board to certify the adoption of this resolution on the face of the map, and to file a copy of the map with the County Recorder for placement in the Book of Maps of Assessment and Community Facilities Districts. ull �II �{{�. 4 11 RESOLUTION NO. 92/418 I HEREBY CERTIFY that the foregoing resolution was duly and regularly adopted by the Board of Supervisors of the County. of . Contra Costa, State of California, at the regular meeting thereof, held on the 16th day of June, 1992 . ATTEST: PHIL BATCHELOR, Clerk of the Board of Supervisors and County Administrator By RESOLUTION NO.. 92/418 . RESOLUTION NO. 92/419 RESOLUTION APPROVING AGREEMENT FOR LEGAL SERVICES ASSESSMENT DISTRICT NO. 1992-1 MRACK ROAD IMPROVEMENTS CAMINO .TASSAJARA AREA The Board of Supervisors of the County of Contra Costa resolves: This Board approves that certain agreement between the COUNTY OF CONTRA COSTA, and STURGIS, NESS, BRUNSELL & SPERRY a professional corporation, for services of that firm as Special Bond Counsel for Assessment District No. 1992-1, Mrack Road Improvements Camino Tassajara Area, County of Contra Costa, California, dated June 16, 1992 , on file with the Clerk of the Board of Supervisors. The Chairman of the Board is authorized to sign the agreement and the Clerk of the Board is authorized to attest .its execution. I HEREBY CERTIFY that the foregoing resolution was duly and regularly adopted by the Board of Supervisors of the County of Contra Costa, State of California, at the regular meeting thereof, held on the 16th day of June, 1992 . ATTEST: PHIL BATCHELOR, Clerk of the Board of Supervisors and County Administrator By RESOLUTION NO. 92/419 AGREEMENT FOR LEGAL SERVICES ASSESSMENT DISTRICT NO. 1992-1 MRACK ROAD IMPROVEMENTS CAMINO TASSAJARA AREA This is an agreement for legal services between the COUNTY OF CONTRA COSTA, a political subdivision of the State of California, referred tows Client, and STURGIS, NESS, BRUNSELL & SPERRY a professional corporation, Attorneys at Law, Emeryville, California, referred to as Bond Counsel. 1. Client retains Bond Counsel as special counsel to perform the following legal services relating to Assessment District No. 1992-1, Mrack Road Improvements Camino Tassajara Area, County of Contra Costa, California. (a) Preparation of all forms of resolutions, notices, affidavits, and other documents required by -the Municipal Improvement Act of 1913 , including the legal format of the engineer's report required by Section 10204 . (b) The preparation of written instructions to .Client's Clerk and other staff members concerning the performance of legally required duties. (c) Review of documents prepared by Client's engineering staff or consulting engineers, - including boundary map, assessment diagram, assessment roll, and the general provisions of construction specifications. (d) Attendance at the public hearing on the engineer's report (including continuances of the hearing, if any) . (e) Attendance at all other public meetings of Client at which matters relating to the assessment district are considered, except routine matters. (f) Attendance at staff meetings or meetings of property owners, upon' the request of the Client, after reasonable notice. (g) Telephone consultation with staff members and property owners to answer legal questions about the assessment proceedings. (h) Preparation of the notice inviting bids and construction contract, if required, and review of contract bonds and insurance documents. (i) Arrangements for the printing of improvement bonds to represent unpaid assessments, including, if required, the printing of a bond register and assessment installment notices. (j) The preparation of a record of assessment installments for the use of the County Auditor, if required. . (k) Arrangements for the sale of improvement bonds either by negotiation or by public bid, at the option of Client, including a review of financial disclosure requirements and, if required, the preparation of the notice inviting bond bids. (1) The preparation of bond delivery documents. (m) The rendition of a legal opinion on the validity of the improvement bonds and the proceedings leading to their issuance. (n) Preparation of a transcript of the legal proceedings in loose-leaf form for the use of the Client. , (o) Preparation of the required reports to the California Debt Advisory Commission (pursuant to Section 8855 et seq. of the Government Code) and to the Internal Revenue Service (pursuant to Section 149 of the Internal Revenue Code of 1986) . 2 . The services of Bond Counsel under this agreement shall not include the following: (a) Legal services in connection with the acquisition of interests in real property, either through negotiation or through exercise of the power of eminent domain. (b) Legal services- in connection with litigation. The performance by Bond Counsel of services excluded by this paragraph, if required by Client, shall be under separate oral or written agreement. 3. In consideration of the services set forth in paragraph 1, Client shall pay to Bond Counsel_ the following fee and costs: ,(a) The legal fee of Bond Counsel shall be a scaled percentage of the amount assessed as set forth in the engineer's report as finally approved under Section 10312 of the Streets and Highways Code. (b) , The legal fee .shall be an amount equal to one percent (1%) of that portion of the amount assessed not exceeding $10 million, plus one-half of one percent (1/2%) of that portion assessed exceeding $10 million, but not exceeding $20 million, plus one-fourth of one percent (1/4%) of all amounts assessed exceeding $20. million. The fee shall be not less than $10, 000. (c) In addition to the legal fee specified in paragraph (b) above, if bonds representing unpaid assessments are issued in more than one issue, the legal fee shall include $5, 000 for each issue after the first. (d) Costs shall be reimbursed to Bond Counsel as follows: 2 1) Filing and recording fees and publication costs advanced on behalf of Client 2) The cost of preparing auditor's record, if required: 7 cents per assessment for each year of the bond issue, with a minimum of $30.00. 3) Costs of Federal Express or similar delivery service. 4) Cost of preparation of notices to property owners. The cost of other services for which Bond Counsel makes arrangements under this agreement (such as bond printing costs) shall be billed to the Client and shall be paid by Client directly to the payee. (e) Payment by Client of the legal fee is contingent upon the levy of assessments and the sale and delivery of improvement bonds representing unpaid assessments in the assessment district. If for any reason, assessments are not confirmed and bonds delivered, Bond Counsel shall be paid no legal fee. (f) Both the legal fee and costs are payable upon delivery of the bonds. If bonds are issued in more than one issue, the cumulative amount payable after each delivery shall be calculated under subparagraph (b) by reducing the amount of the assessment by the par value of bonds authorized but not issued; the amount payable after each delivery shall be the cumulative amount payable less amounts previously paid. 4 . Bond Counsel certifies that it has no interest, either direct or contingent, in any property or contract arising from or affected by the assessment district, except as Bond Counsel under this agreement. Bond Counsel does not represent any owner of property within the proposed boundaries of this assessment district, and has not received a fee from any source for services connected with the project. DATED: June 16, 1992 CONTRA COSTA COUNTY, a political subdivision of the State of California By 4L Chairman of the Board of Supervisors ATTEST: By Clerk of Oe 16baid of up visors STURGIS, NESS, BRUNSELL & SPERRY a professional corporation By 3 RESOLUTION NO. 92/420 RESOLUTION APPROVING AGREEMENT .FOR ENGINEERING SERVICES ASSESSMENT DISTRICT NO. 1992-1 MRACK ROAD IMPROVEMENTS CAMINO TASSAJARA AREA The Board of Supervisors of the County of Contra Costa resolves: This Board approves that certain agreement between the COUNTY OF CONTRA COSTA and NYSTROM ENGINEERING CORPORATION, for services as Engineer of Work for Assessment District No. 1992-1, Mrack Road Improvements Camino Tassajara Area, County of Contra Costa, California, dated the 16th day of June, 1992, on file with the Clerk of the Board of Supervisors,. The Chairman of the Board is authorized to sign the agreement and the Clerk of the Board is authorized to attest its _ execution. I HEREBY CERTIFY that the foregoing resolution was duly and regularly adopted by the Board of Supervisors of the County of Contra Costa, State of California, at the regular meeting thereof, held on the 16th day of June, 1992. ATTEST: PHIL BATCHELOR, Clerk of the Board of Supervisors and County Administrator By RESOLUTION. N0. 92/420 P11151 AGREEMENT FOR ENGINEERING SERVICES ASSESSMENT DISTRICT NO. 1992-1 MRACK ROAD IMPROVEMENTS CAMINO TASSAJARA AREA This is an agreement for engineering services between the COUNTY OF CONTRA COSTA, a political subdivision of the State of California, referred to as Client, and NYSTROM ENGINEERING CORPORATION, referred to as Engineer. 1. Client retains Engineer as Engineer of Work for Assessment District No. 1992-1, Mrack Road Improvements Camino Tassajara Area, County of Contra Costa, California, to perform the following services: (a) Preparation of a map showing the proposed boundaries of the assessment district, in accordance with the requirements of Division 4.5 of the Streets and Highways Code. (b) Preparation of the report required by Section 10204 .of the Streets and Highways Code (Municipal Improvement Act of 1913) , and modification of the report if directed by the legislative body of Client. The report shall include the following: (1) A general description of the improvements to be acquired, if any, and a legal description of lands, rights-of-way, easements or other interests in real property to be acquired. (2) An estimate of the cost of the improvement, including the cost of acquisitions and all incidental expenses. (3) An assessment diagram showing the parcels of land to be assessed. (4) A proposed assessment of the total cost of the improvement on benefited parcels of land within the assessment district. (c) Compilation of a list of the names and addresses of all owners of land within the assessment district in accordance with records of the County Assessor or in accordance with title reports provided by the Client. (d) .Posting of notices of improvement on all open streets within the assessment district at distances not greater than 300 feet apart. Copies of the notice of improvement for posting are to be provided by the Client. (e) Attendance at meetings of Client's legislative body, when requested by Client's staff, for the purpose of presenting and seeking approval of the documents and reports described in subparagraphs (a) through (d) . Pnn IDDV (f) Attendance at all other public meetings of Client at which matters relating to the assessment district are considered, except routine matters. (g) Attendance at staff meetings or meetings of property owners upon the request of the Client, after reasonable notice. (h) Telephone consultation with staff members and property owners to answer engineering questions about the assessment proceedings. (i) Preparation of a final cost schedule after completion of the improvement and payment of all incidental expenses. 2. The services of Engineer under this agreement shall not include the following: (a) Preparation of an environmental assessment to determine whether the improvement will have a significant impact on the environment within the meaning of the California Environmental Quality Act. (b) Preparation of an Environmental Impact Report. (c) Construction staking. (d) Observation of the work of Client's contractor and certification to the Client of the contractor's entitlement to progress payments. (e) Preparation of change orders as may be required during the course of construction. The performance by Engineer of services excluded by this paragraph, if required by Client, shall be under separate oral or written agreement. 3. In consideration of the services set forth in Paragraph 1, Client shall pay to Engineer the following fee and costs: Bond Increments Standard Fee First $ 1,000,000.00 1 1/2% (minimum fee $15,000.00) Amount between $1-3,000,000.00 1% (In addition to amount calculated above) Amount between $3-5,000,000.00 3/4 of 1% (In addition to amount calculated above) Amount between $5-7,000,000.00 1/2 of 1% (In addition to amount calculated above) Amount between $7-9,000,000.00 1/4 of 1% (In-addition to amount calculated above) Amount between $9-20,000,000.00 1/8 of 1% (In addition to amount calculated above) Remaining amount over $20,000,000.00 1/10 of 1% (In addition to amount calculated above) In no event, however, will the compensation of Engineer exceed the amount set forth by Engineer for that purpose in the Report, or any. amended Report, prepared under Section 10204 of the Streets and Highways Code, without specific authorization of the legislative body. 2 Payment by Client of said compensation is contingent upon the levy of assessments and the sale and delivery of improvement bonds representing unpaid assessments in the assessment district. If, for any reason, assessments are not confirmed and bonds delivered, Engineer shall be paid no fee. Engineer's compensation is payable upon delivery of the bonds. Dated: June 16, 1992 CONTRA COSTA COUNTY, a political subdivision of the State of California By Com( Chairman of the Board of Supervisors ATTEST: Clerk of the Bo d of Su rvi ors V NYSTROM ENGINEERING CORPORATION 3 RESOLUTION NO. 92/421 RESOLUTION APPROVING AGREEMENT FOR FINANCIAL ADVISORY SERVICES ASSESSMENT DISTRICT NO. 1992-1 MRACK ROAD IMPROVEMENTS CAMINO TASSAJARA AREA The Board of Supervisors of the County of Contra Costa resolves: This Board approves that certain agreement between the COUNTY OF CONTRA COSTA, and LIBERTY PUBLIC FINANCIAL ADVISORS, for financial consulting services for Assessment District No. 1992-1, Mrack Road Improvements Camino Tassajara Area, County of Contra Costa, California, dated June 16, 1992, on file with the Clerk of the Board of Supervisors. The Chairman of the Board is authorized to sign the agreement and the Clerk of the Board is authorized to attest its execution. I HEREBY CERTIFY that the foregoing resolution was duly and regularly adopted by the Board of Supervisors of the County of Contra Costa, State of California, at the regular meeting thereof, held on the 16th day of June, 1992. ATTEST: PHIL BATCHELOR, Clerk of the Board of Supervisors and County Administrator By RESOLUTION NO.. 92/421 C s r AGREEMENT FOR FINANCIAL ADVISORY SERVICES ASSESSMENT DISTRICT NO. 1992-1 (MRACK ROAD IMPROVEMENTS) This is an. agreement for financial advisory services between the COUNTY OF CONTRA COSTA, a political subdivision of the State of California, referred to as Client, and LIBERTY PUBLIC FINANCIAL ADVISORS, Pleasanton, California, referred to as Financial Advisor. 1 . Client retains Financial Advisor as financing consultant to perform the following consulting services relating to Assessment District No . 1992-1 (Mrack Road Improvements) , County of. Contra Costa, State of California . (a) present the potential ., alternatives in financing ' the proposed project . (b) conduct due diligence by reviewing all existing information regarding outstanding debt, bond covenants, prior debt repayment, and appropriate ordinances or resolutions, including the engineering, architectural, planning, legal and financial information regarding the project . (c) assist "in the selection of other financing team members as requested, including the trustee, printer, and underwriter. (d) recommend "a reserve fund, 'capitalized interest, and costs of .issuance . - (e) recommend specific terms for the securities including maturity schedules, call features, refunding protection, and others . (f) prepare a set of financing documents and prepare an official statement for use in the marketing of the bonds . (g) recommend the timing of' the marketing of the bond issue based on the conditions in the market . (h) recommend to the issuer which method of sale should be chosen to market the bonds .- (i) in .a competitive sale, prepare and .distribute notice of sale of bonds and official statement to prospective bidders. (j) review bids and recommend which bid from a qualified bidder produces the lowest net interest costs . (k) or, in a negotiated sale, recommend an underwriter (s) , and supervise the underwriter.(s) as bonds are being marketed, getting information as to actual method of sales . (1) review recent and comparable marketinterest rates and recommend whether interest rates and other terms in the final bond purchase contract are competitive . (m) and in either type of sale, aid in the closing preparations and attend the closing. 2 . The services of Financial Advisor under this agreement shall not include the following: (a) Underwriting the bond issue . 3 . In consideration of the services set forth in paragraph 1, Client shall pay to Financial Advisor the following fees and costs : (a) The fee of Financial Advisor shall be a fixed fee as set forth in the engineer' s report as finally approved under Section 10312 of the Streets and Highways Code . (b) The fee of Financial Advisor shall be the amount of: 1) $10, 000 . 00 if the assessments are confirmed at $1 . 00 to 999, 999 . 99, or 2) _ $15, 000 . 00 if the assessments are confirmed at $1, 000, 000 . 00 to 1, 999, 999 . 99, or 3) $20, 000 . 00 if the assessments are confirmed at $2, 000, 000 . 00 to 2, 999, 999. 99, or 4) $30, 000 .00 if the assessments are confirmed 'at $3, 000, 000 . 00 to 3, 999, 999. 99, or 5) $40, 000 . 00 if the assessments are confirmed at $4, 000, 000 . 00 to . 4, 999, 999 . 99, or 6) $50, 000 .00. if the assessments are confirmed at $5, 000, 000 . 00 to 5, 999, 999. 99, or 7) $55, 000 . 00 if the assessments are confirmed at $6, 000,000 . 00 or more. • (c) Costs shall be reimbursed to Financial Advisor as follows : 1) Cost of printing and distribution of the official statement, notice to bidders, and other official documents . 2) Costs of Federal Express or similar delivery service. The cost of other services for which Financial Advisor makes arrangements under this agreement (such as Underwriter' s Discount, Official Statement printing costs) shall be billed to the Client and shall be paid by Client directly to the payee . (d) Payment by Client of the financial advisory fee is contingent upon the sale of bonds representing unpaid assessments in the district . If for any reason, bonds are not sold, Financial Advisor shall be paid n-- fee . Both the fee and costs are payable upon delivery of the bonds . 4 . Financial Advisor certifies that it has no interest, either direct or contingent, in any property or contract arising from or affected by the assessment district, except as Financial Advisor under this agreement . Financial Advisor does not represent any owner of property within the proposed boundaries of this assessment district, and has not received a fee from any source for services connected with the project . DATED . 1992 V CONTRA COSTA COUNTY, a political subdivision of the State of California By Chairman of the Board of Supervisors ATTEST: By Clerk of 5he A6ard of SMpervisors LIBERTY PUBLIC FINANCIAL ADVISORS By Nad' ne Mc inney ee By Charles A. Lee t i 01 } . RESOLUTION NO. 92/422 RESOLUTION OF INTENTION TO ORDER IMPROVEMENT IN ASSESSMENT DISTRICT NO. 1992-1 MRACK ROAD IMPROVEMENTS CAMINO TASSAJARA AREA The Board of Supervisors of the County of Contra Costa resolves: This Board intends to order the following improvement under the authority of the Municipal Improvement Act of 1913 : The construction of street grading and paving, curbs, gutters and sidewalks, entrance-way median, sound wall, landscaping, traffic control and street name signs and street lights; sanitary sewer mains, laterals, and appurtenances; storm drain mains, structures and appurtenances; water main, laterals, fire hydrants, and appurtenances; utility systems of gas, electric, telephone and cable TV distribution and appurtenances; the payment of County and utility company fees; and the acquisition of right-of-way for the construction of public improvements. The above-listed improvements are to be located within the Mrack Road (realigned) right-of-way, between its intersection with Camino Tassajara and the northerly terminus of Mrack Road approximately 1000 feet north of Camino Tassajara; and "off-site" street and storm drainage improvements to be located within the Camino Tassajara right-of-way widening, from the existing storm drain discharge structure located approximately 1000 feet westerly of the intersection of existing Mrack Road to a point approximately 700 feet easterly of the intersection of existing Mrack Road which is the terminus of the existing pavement widening and curb and gutter for Camino Tassajara. This Board finds that the land specially benefited by the improvement is shown within the boundaries of the map entitled, "Proposed Boundary of Assessment District No.• 1992-1, Mrack Road Improvements Camino Tassajara Area, Contra Costa County, California. " This map has been approved by the Board of Supervisors and is now on file with the County .Clerk. The land within the exterior boundaries shown on the map shall be designated Assessment District No. 1992-1, Mrack Road Improvements Camino Tassajara Area, County of Contra Costa, California. RESOLUTION NO. 92/422 This Board intends to levy a special assessment upon the land within the described district in accordance with the special benefit to be received by each parcel of land, respectively,, from the improvement. There shall be omitted from special assessment all public streets, alleys and places and all land belonging to the United States, the State of California and the County of Contra Costa now in use in the performance of a public function. Where any disparity occurs in level or size between the improvement and private property, this Board determines that it is in the public interest and more economical to eliminate the disparity by doing work on the private property instead of adjusting the work on public property. Accordingly, work may be done on private property for this purpose with the written consent of the landowner. This Board intends to enter into agreements with Central Contra Costa Sanitary District, East Bay Municipal Utility District and Pacific Gas & Electric Company under the provisions of Section 10110 of the Streets and Highways Code, inasmuch as certain facilities included in the improvement are to be under their ownership, management and control. Bonds representing unpaid assessments, and bearing interest at a rate not to exceed twelve percent (120) per annum, will be 'issued in the manner provided- by the Improvement Bond Act of 1915 (Division 10, Streets and Highways Code) , and the last installment of the bonds shall mature not to exceed twenty-four (24) years from the second day of September next succeeding twelve (12) months from their date. 2 RESOLUTION NO. 92/422 � V The procedure for the collection of assessments and advance retirement of bonds under the Improvement Bond Act of 1915 shall be as provided in Part 11. 1, Division 10, of the Streets and Highways Code of the State of California. The County will not obligate itself to advance available funds from the County treasury to cure any deficiency which may occur in the bond redemption fund. A determination not to obligate itself shall not prevent the County from, in its sole discretion, so .advancing funds. This Board finds that the Special Assessment Investigation, Limitation and Majority Protest Act of 1931 (commencing with Section 2800, Streets and Highways Code) does not apply to these proceedings. This Board appoints Nystrom Engineering Corporation as Engineer of Work for this project, and directs the preparation of the report required by Section 10204 of the Streets and Highways Code. In the opinion of this Board, the public interest will not be served by allowing owners of assessable lands to enter into a contract for the work of improvement as otherwise permitted in Section 20485 of the Public Contract Code. The amount of any surplus remaining in the improvement fund after completion of the improvement and payment of all claims shall be distributed in accordance with the provisions of Section 10427 of the Streets and Highways Code. 3 RESOLUTION NO. 92/422 I HEREBY CERTIFY that the foregoing resolution was duly and regularly adopted by the Board of Supervisors of the County of Contra Costa, State of California, at the regular meeting thereof, held on the 16th day of June, 1992. ATTEST: PHIL BATCHELOR, Clerk of the Board of Supervisors and County. Administrator By _ a I RESOLUTION NO. 92/422 4 ,.o RESOLUTION NO. 92/423 RESOLUTION ACCEPTING REPORT AND SETTING HEARING OF PROTESTS ' ASSESSMENT DISTRICT NO. 1992-1 MRACK ROAD IMPROVEMENTS CAMINO TASSAJARA AREA The Board of Supervisors of the County of Contra Costa resolves: 1. At the direction of this Board, Nystrom Engineering Corporation, as Engineer of Work for improvement proceedings in Assessment District No. 1992-1, Mrack Road Improvements Camino Tassajara Area, County of Contra Costa, California, has filed with the Clerk of the Board the report described in Section 10204 of the Streets and Highways Code (Municipal Improvement Act of 1913) . This Board accepts the report without modification, for the purpose of conducting a hearing of protests to the improvements described in the report. 2 . This Board sets 9: 00 A.M. on July 21, 1992, at the Chambers of the Board of Supervisors, Administration Building, 651 Pine Street, Martinez, California, as the time and place for hearing protests to the proposed improvements. 3 . The Clerk of the Board is directed to publish, post and mail the notices of improvement required by the Municipal •Improvement Act. of 1913 , and to file an affidavit of compliance. The notice shall be published in the CONTRA COSTA TIMES. RESOLUTION N0, 92/423 � � Vim I HEREBY CERTIFY that the foregoing resolution was duly and regularly adopted by the Board of Supervisors of the County of Contra Costa, State of California, at the regular meeting thereof, held on the 16th day of June, 1992. ATTEST: PHIL BATCHELOR, Clerk of the Board of Supervisors and County Administrator By RESOLUTION NO. 92/423 �l J RESOLUTION NO. 92/424 RESOLUTION CALLING FOR CONSTRUCTION BIDS ASSESSMENT DISTRICT NO. 1992-1 MRACK ROAD IMPROVEMENTS CAMINO TASSAJARA AREA The Board of Supervisors of the County of Contra Costa resolves: 1. This Board has given preliminary approval to the report of the Engineer of Work for improvements in Assessment. District No. 1992-1, Mrack Road Improvements Camino Tassajara Area, County of Contra Costa, California. The report includes plans and specifications for the construction of improvements described in the report. 2. The County of Contra Costa will receive sealed proposals for this construction not later than 2:00 P.M. on August 6, 1992, in the office of the Public Works Department located at. 255 Glacier Drive, Martinez, California. At that time and place the sealed proposals will be publicly opened, examined and declared. 3. The County reserves the power in its discretion to reject all proposals. The award of construction contract, if made, shall be made to the lowest responsible bidder within the time fixed in the specifications (or any extension of time agreed to by the County and the lowest responsible bidder) . 4. The Clerk of the Board is directed to publish a notice inviting sealed proposals in the CONTRA COSTA TIMES in accordance with the Local Agency Public Construction Act. The Engineer of Work is authorized to give additional notice and to distribute additional information as necessary in the judgment of the Engineer of Work, to secure competitive bidding. RESOLUTION NO. 92/424 ORIGINAL I HEREBY CERTIFY that the foregoing resolution was duly and regularly adopted by the Board of Supervisors of the County of Contra Costa, State of California, at regular meeting thereof, held on the 16th day of June, 1992 . ATTEST: PHIL BATCHELOR, Clerk of the Board of Supervisors and County Administrator By v 2 RESOLUTION NO. 92/424