HomeMy WebLinkAboutCC RESO 91-237RESOLUTION NO. 91-237
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
NATIONAL CITY APPROVING AND ACCEPTING PUBLIC
IMPROVEMENTS AND AUTHORIZING THE RELEASE OF
IMPROVEMENT SECURITIES FOR THE PARCEL MAP AT THE
NORTHWEST CORNER OF 24TH STREET AND NEWELL STREET
WHEREAS, the Engineering Department of the City of
National City has heretofore received notification that the
public improvements in the parcel map at the northwest corner
of 24th Street and Newell Street have been completed in accor-
dance with that certain improvement agreement by and between
the City of National City and the developer and approved by
Council Resolution No. 91-14 dated February 12, 1991; and
WHEREAS, a final inspection was made on October 7,
1991 by the Engineering Department and said improvements were
found to have been made in accordance with the plans and
specifications approved by the City Engineer and were there-
fore acceptable to the City.
NOW, THEREFORE, BE IT RESOLVED by the City Council
of the City of National City that said public improvements be,
and they are hereby approved and accepted by said City, based
upon the recommendations of the City Engineer.
BE IT FURTHER RESOLVED that the City Engineer is
hereby authorized to release 90% of the faithful performance
security, with 10% of said security to be released one year
from the date of this Resolution.
BE IT FURTHER RESOLVED that security given to secure
payment to the contractor, his subcontractors and to persons
furnishing labor, materials or equipment shall, six months
after the date of this Resolution, be reduced to an amount
equal to the amount of all claims therefor filed and of which
notice has been given to the City Council plus an amount
reasonably determined by the City Engineer to be required to
assure the performance of any other obligation secured
thereby. The balance of the security shall be released upon
the settlement of all such claims and obligations for which
the security was given.
Continued on Page Two
Resolution No. 91-237
Page 2 of 2
BE IT FURTHER RESOLVED that no security given for
the guarantee or warranty of work shall be released until the
expiration of the period thereof and until any claim filed
during said period has been settled.
PASSED and ADOPTED this 26th day of November, 1991.
ATTEST:
Lor
George H. aters, Mayor
AAJIA!)-444!/
Anne Peoples, ity Clerk
APPROVED AS TO FORM:
George H. Eise404:
r, III
City Attorney