1991/11/26 City Council Resolution (3)RESOLUTION NO. 91-.235
RESOLUTION ACCEPTING SUBDIVISION IMPROVEMENTS AND AUTHORIZING
RELEASE OF SECURITIES, SPRECKELS PLACE UNIT NO. 7
WHEREAS, The City of Rohnert Park did enter into a Subdivision Agreement
dated April 23, 1991, with Oceanis, a Partnership, covering the scope of work
and installation of public improvements in a subdivision known as Spreckels
Place Unit No. 7, and
WHEREAS, Oceanis did post improvement securities with the City of Rohnert
Park in the total amount of $1,200,000 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 on the jobsite or causing labor and
materials to be installed in the subdivision, as follows:
Performance Bond $ 1,2009000
Labor & Materials Bond $ 1,200,000
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, Insco/Dico Performance and
Payment Bonds No. 212671S, dated April 12, 1991, in the sum of $1,200,000.00
each, upon submittal by the subdivider of a maintenance security in the amount
of $120,000.00, for a term of one year.
DULY AND REGULARLY ADOPTED this-26th day of November, 1991.
CITY OF ROHNERT PARK
Mayor
HOLLINGSWORTH'22'EHOPKINS -E-E
REEILLY -L-E
SPIRO -Ly-'
ECK -±Y.-'
AYES: -4) NOM-LO)
ABSENT--(-)
ABSTAIN
(2)