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2001/01/09 City Council Resolution (18)RESOLUTION NO. 2001- 15 A RESOLUTION ACCEPTING SUBDIVISION IMPROVEMENTS AND AUTHORIZING RELEASE OF SECURITIES, Rohnert Park East 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 January 8, 1996, with Lyon Chateau 4112, L.P., a California limited partnership, covering the scope of work and installation of public improvements in a subdivision known as Rohnert Park East Subdivision, and WHEREAS, the subdivider did post improvement securities with the City of Rohnert Park in the total amount of $1,600,000 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 $1,600,000 Labor & Materials Bond $1,600,000 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, American Mortorists Insurance Company Performance and Payment Bonds No. 3SM88545200, dated January 10, 1996, in the sum of $1,600,000.00 each. DULY AND REGULARLY ADOPTED this 9th day of January, 2001. i.Trrn� 4-%n "r%x xTL'DT V A 7272 FLORES: AYE REILLY: ABSENT SPIRO: AYE VIDAK- MARTINEZ: AYE MACKENZIE: AYE AYES: (4) NOES: (0) ABSENT: (1) ABSTAIN: (0)