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HomeMy WebLinkAbout91-20 ORDINANCE NO. 91-20 SECTION 31-1.1 OF THE DANVILLE MUNICIPAL CODE, RELATING TO SUBDIVISION PAYMENT SECURITY THE TOWN COUNCIL OF THE TOWN OF DANVILLE DOES ORDAIN AS FOLLOWS: SECTION ONE. AMENDING SECTION 31-1.1 OF THE DANVILLE MUNICIPAL CODE: Sections 944.406 and 94-4.408 of the Ordinance Code of Contra Costa County as adopted by reference by Section 31-1.1 of the Danville Municipal Code are hereby repealed in their entirety and replaced by the following: "94-4.406 Cash deposit and performance security. A combination of cash plus additional security shall be posted with the Town guaranteeing performance of all work, and repair of any defect in the improvements which occur within one year of the acceptance of the work as complete, as set forth in the Subdivision Agreement. Said cash deposit shall be equal to one percent of the cost of construction of the improvements as estimated by the City Engineer, but not less than five thousand dollars. Said additional security shall be equal to the remaining ninety nine percent of said estimated cost of construction and shall be in the form of a cash deposit or acceptable surety bond or acceptable instrument of credit. When there are no public improvements involved and the total cost of the private road improvements is less than five thousand dollars, the agreement shall be secured by a cash deposit in the full amount of the estimated cost. Upon acceptance of the work as complete by the Town Council, the subdivider may substitute a new acceptable security guaranteeing the repair of any defective work for the one year period and the performance security shall then be released. The new security shall include the cash deposit described above and shall be not less than said cash deposit or fifteen percent of the estimated cost of the construction of the improvements, whichever amount is greater, and shall be retained for the one-year guarantee period. If the subdivider does not substitute a new acceptable security for the one year guarantee period, the performance security shall be retained. Upon expiration of the one year guarantee period, and upon notification by the appropriate Town department responsible for certifying compliance, the City Clerk shall release all securities posted guaranteeing said improvements. 94-4.408 Payment security. Security in the form of a cash deposit or acceptable surety bond or acceptable instrument of credit, equivalent to fifty percent of said estimated cost of the improvement or the performance of the required act, shall be required to secure payment to the contractor, his subcontractors and to persons furnishing labor, materials or equipment to them for the improvement or the performance of the required act. PAGE 1 OF ORDINANCE NO. 91-20 S Ninety days after the acceptance of the work as complete, said payment security may be reduced by the City Clerk, to an amount not less than the total of all claims on which an action has been filed and if no such actions have been filed, the security may be released in full." SECTION TWO. SEVERABILITY: The Town Council hereby declares that every section, paragraph, clause and phrase are severable. If any section, paragraph, sentence, clause or phrase of this Ordinance is for any reason held to be invalid or unconstitutional, such invalidity or unconstitutionality shall not affect the validity or constitutionality of the remaining sections, paragraphs, sentences, clauses or phrases. SECTION THREE. CODIFICATION: Section One shall be codified in the Danville Municipal Code. Sections Two and Three shall NOT be codified in the Danville Municipal Code. The foregoing Ordinance was first read and introduced on August 6, 1991, and passed, approved and adopted by the Danville Town Council at a Regular Meeting on September 3, 1991, by the following vote: AYES: Greenberg, Lane, Ritchey, Shimansky NOES: None ABSTAINED: None ABSENT: Schlendorf MAYOR APPROVED AS TO FORM: ATTEST: ATTORNEY CITY CLERK PAGE 2 OF ORDINANCE NO. 91-20