HomeMy WebLinkAboutCC RESO 93-132RESOLUTION NO. 93-132
RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF NATIONAL CITY
AUTHORIZING AND DIRECTING
THE CITY ENGINEER TO RELEASE THE
PERFORMANCE AND PAYMENT SECURITY FOR THE
INSTALLATION OF PUBLIC IMPROVEMENTS
AT 801 NATIONAL CITY BOULEVARD
WHEREAS, pursuant to Section 13.22.050 of the National City Municipal
Code, National City Hotel, a California joint venture, provided a performance and
payment security in the form of a Savings and Loan Certificate Assignment, dated May 7,
1990, to secure performance of and payment for the public improvements at 801 National
City Boulevard; and
WHEREAS, said public improvements have now been completed to the
satisfaction of the City Engineer, and it is appropriate for the City to release said
performance and payment security.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City
of National City that the City Engineer is hereby authorized and directed to release the
performance and payment security for the installation of public improvements at 801
National City Boulevard.
PASSED and ADOPTED this 7th day of September, 1993.
George H. aters, Mayor
ATTEST:
Lo • Anne Peoples, City Clerk
APPROVED AS TO FO
George H. Eiser, III
City Attorney