1990/10/09 City Council Resolution (6)RESOLUTION NO. 90-225
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WEREAS, The City of Rohnert Park did enter into a Subdivision Agreement
dated April 13, 1990, with McBail Company, a General Partnership, covering the
scope of work and installation of public improvements in a subdivision known
as University Park Unit 2, and
kIMIREAS, McBail did post improvement securities with the City of Rohnert
Park in the total amount of $269,760 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 $ 269,760
Labor & Materials Bond $ 269,760
WEREAS, 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 American Insurance Company
Performance Bond and Payment Bonds No. 11141369683, dated April 13, 1990, in
the sums of $269,760 each, upon submittal by McBail of a security in the
amount of $27,000, to ensure the maintenance of the improvements, said
security to be released one year from the date of submittal, upon approval of
the City Engineer.
DULY AND REGULARLY ADOPTED this 9th day of October, 1990.
ATTEST:
CITY OF ROHNERT PARK
Mayor
J A�E �'E SPIRO.M— HOLLINGSWORTH AYE
F, e�' COCHRAN — ECK.M— HOPKINS A
Me
AYES 0. NOES c0 ABSENT —(0) ABSTAIN (0)