HomeMy WebLinkAboutCC RESO 92-11RESOLUTION NO. 92-11
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 LOT SPLIT AT THE
SOUTHEAST CORNER OF 4TH STREET AND "T" AVENUE
(CASE FILE #L.S.-5.89, CHENEWETH PROPERTY)
WHEREAS, the Engineering Department of the City of National
City has heretofore received notification that the public improvements in the
parcel map at the southeast corner of 4th Street and "T" 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. 91-22 dated February 19, 1991; and
WHEREAS, a final inspection was made on December 13, 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 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. 92-11
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 21 st day of January, 1992.
/4- r A I, ./..�
George H. Wa{ers, Mayor
ATTEST:
Lor Anne Peoples, City Cl k
APPROVED AS TO FORM:
George H. Eiser, III
City Attorney