1990/02/27 City Council Resolution (3)RESOLUTION NO. 90 -42
RESOLUTION PARTIALLY ACCEPTING SUBDIVISION IMPROVEMENTS AND
AUTHORIZING EXCHANGE OF SECURITIES, SPRECKELS PLACE UNIT 4
WHEREAS, The City of Rohnert Park did enter into a Subdi-
vision Agreement dated April 61 1989, with Oceanis, a Partner-
ship, covering the scope of work and installation of public
improvements in a subdivision known as Spreckels Place Unit 4,
and
WHEREAS, Oceanis did post improvement securities with the
City of Rohnert Park to secure the faithful performance of the
work, and the installation of the labor and materials and the
payment of laborers and materialmen doing work at the job site or
causing labor and materials to be installed in the subdivision as
follows:
Performance Bond $ 700,000
Labor & Materials Bond $ 700,000
Maintenance Bond $ 70,000
WHEREAS, the City Engineer of the City of Rohnert Park
has recommended that a portion of the public improvements be
accepted, to wit, all those improvements lying south of the
northerly curb of Maurice Avenue, including the underground
utilities therein, and
WHEREAS, the City Engineer of the City of Rohnert Park
has deemed that the balance of the work to be performed under the
Subdivision Agreement to have a value of $ 240,000.
NOW, THEREFORE, BE IT RESOLVED by the Council of the City
of Rohnert Park that it does hereby accept the installation of a
portion of the public improvements, as cited above, and author-
izes the City Clerk of the City of Rohnert Park to release the
securities posted by the subdivider to secure faithful perform-
ance and payment for labor and materials for the work, upon
receipt of the following:
Performance Bond $ 240,000
Labor & Materials Bond $ 240,000
1990. DULY AND REGULARLY ADOPTED this 27th day of February,
CITY OF ROHNERT PARK
Mayor/
COCHM, t4 AYE EC AYEI OPKI S AYESPIRC AYE HOLLI S ORTH
AYES (5) DOES. ASSENT _L01 ABSTAIN