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2000/02/08 City Council Resolution (4)RESOLUTION NO. 2000 -34 A RESOLUTION ACCEPTING SUBDIVISION IMPROVEMENTS AND AUTHORIZING RELEASE OF SECURITIES, HONEYBROOK II SUBDIVISION BE IT RESOLVED by the City Council of the City of Rohnert Park, California, WHEREAS, the City of Rohnert Park did enter into a Subdivision Agreement dated July 23, 1998, with L. Dale Tatman and Doreen Tatman, husband and wife, covering the scope of work and installation of public improvements in a subdiviision known as Honeybrook II Subdivision, and WHEREAS, Tatman did post improvement securities with the City of Rohnert Park in the total amount of $840,800 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 $840,800 Labor & Materials Bond $840,800 WHEREAS, the City Engineer of the City of Rohnert Park has recommended that all of the public improvements in the subdivision be accepted. NOW, THEREFORE, BE IT RESOLVED, by the City 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, Developers Insurance Company Performance and Payment Bonds No. 5157255, dated August 12, 1995, in the sum of $200,000.00 each. DULY AND REGULARLY ADOPTED this 8th day of February, 2000. CITY OF RO:HNERT PARK V�C-� Mayor ATTEST: D uty rty Cler FLORES: AYE MACKENZIE: AYE REILLY: AYE SPIRO: AYE VIDAK- MARTINEZ: AYE AYES: (5) NOES: (0) ABSENT: (0) ABSTAIN: (0)