1990/10/09 City Council Resolution (4)RESOLUTION NO. 90-224
WHEREAS, The City of Rohnert Park did enter into a Subdivision Agreement
dated February 4, 1980, with McKellar Development, an Oregon Corporation,
covering the scope of work and installation of public improvements in a
subdivision known as Redwood Park Estates Phase I, and
WHEREAS, McKellar did post improvement securities with the City of
Rohnert Park in the total amount of $75,000 each 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 $ 715,000
Labor & Materials Bond $ 715,000
WHEREAS, the City Engineer of the City of Rohnert Park has recommended
that all of the public improvements within the Subdivision be accepted.
NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Rohnert
Park that it does hereby accept the installation of the public improvements,
and authorizes the City Clerk of the City of Rohnert Park to release the
securities posted by the subdivider to secure faithful performance and payment
for labor and materials for the work, to wit, The Fidelity and Deposit Company
of Maryland Performance Bond and Payment Bonds No. 6045326, dated February 4,
1980, in the sums of $75,000 each.
DULY AND REGULARLY ADOPTED this 9th day of October, 1990.
ATTEST:
CITY. OF ROHNERT PARK
Mayor iV
Cit-VClerk
M
COCHRAN -LL ECK A
AYES (5) NOES -(0)- ABSENT --(—O) ABSTAIN (0)