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HomeMy WebLinkAboutCC RESO 92-187RESOLUTION NO. 9 2 -18 7 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NATIONAL CITY APPROVING AND ACCEPTING PUBLIC IMPROVEMENTS AND AUTHORIZING TILE RELEASE OF IMPROVEMENT SECURITIES FOR MICHELLE COURT SUBDIVISION AT THE SOUTHWEST CORNER OF 26TH STREET AND "J" AVENUE (Case File #S-2-86) WHEREAS, the Engineering Department of the City of National City has heretofore received notification that the public improvements in the subdivision known as Michelle Court, at the southwest corner of 26th Street and "J" Avenue, have been completed in accordance with that certain improvement agreement by and between the City of National City and the developer and approved by Council Resolution No. 91-175 dated August 27, 1991; and WHEREAS, a final inspection was made on March 17, 1992 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 therefore 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. 92-187 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 13th day of October, 1992. ATTEST: George H. vv\--5?....cjtrpfi__ep, Lor% Anne Peoples City Clerk APPROVED AS TO FORM: Z....: JZC George H. riser, III City Attorney aters, Mayor