Loading...
HomeMy WebLinkAbout027-85Damnu RESOLUTION NO. 27-85 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DANVILLE Completion of Improvements and Release of Security Minor Subdivision 97-79 The City Engineer having notified this Council that the improvements for MS-97-79 have been completed; NOW THEREFORE BE IT RESOLVED that the improvements in the above-named development have been COMPLETED, and that the City Treasurer be authorized to release $ to Martin Diefenbach as partial payment for the performance of the work in accordance with the Agreement between Diefenbach and the City dated PASSED, APPROVED AND ADOPTED this following vote: :6th day of May, 1985, by the AYES: NOES: ABSENT: Lane, May, McNeely, Offenhartz, Schlendorf _ '~~, ____-/~ MAYOR CC: Public Works 542 San Ramon Valley Blvd. · Danville, CA * 94526 · (415) 820-6337 AGREF~ENT BETWEEN MARTIN DIEFENBACH AND CITY OF DANVILLE FOR RELEASE OF SECURITY FOR SUBDIVISION IMPROVF~ENTS (MS 97-79) This Agreement is entered into this 1985 between MARTIN DIEFENBACH ("Diefenbach") and the CITY OF DANVILLE ("City"). RECITALS This Agreement is based on the following facts: 1. Antioch I. Ltd., a limited partnership, was the developer of a 4-1or subdivision located off Alamo Way in Danville designated as MS 97-79. As a part of the subdivision approval, Antioch I. entered into a Subdivision Agreement with the County of Contra Costa dated May 12, 1981. The Agreement was secured by a $1000.00 cash deposit, a performance bond for $31,400.00 and a work and materials bond for $16,200.00. Antioch I. failed to construct the improvements required by the Subdivision Agreement. 2. Upon its incorporation, the City became the successor to the County. The City obtained the release of the $31,400.00 performance bond for MS 97-79 from the surety, Indemnity Company of California, and has held the funds received in a trust account. 3. Diefenbach is a successor-in-interest to Antioch I. He has completed the required subdivision improvements in MS 97-79 based on an understanding with the City and bond holder that he could be compensated from the proceeds of the $31,400.00 performance bond. 4. On/~j ~' , 1985 the City Council accepted the subdivision/~mprovements for MS 97-79 as complete. 5. The procedures of the release of subdivision improve- ment securities are set forth in Contra Costa County Ordinance Code sections 94-4.406 and 94-4.408, adopted by the City by reference. NOW THEREFORE, the parties agree as follows: 1. Diefenbach warrants that as of the date of this Agreement: PAGE 1 OF 2 PAGES a. he is the lawful owner in fee simple of property within subdivision MS 97-79; and b. there are no subcontractors or persons furnishing labor, materials or equipment for the subdivision improve- ments whose payment needs to be secured under County Ordinance Code section 94-4.408. Diefenbach agrees that if the City receives a demand based upon the bonds for MS 97-79 within 6 months after it accepts as complete the subdivision improvements, and if the City determines that the claimant is entitled to a portion of the funds released to Diefenbach, then Diefenbach will return that portion requested by the City. 2. Diefenbach is entitled to _~'~C~-~) as payment for completing~he MS-97-79 subdivision improvements. The City shall pay~'/~/~-~O upoB execution of this Agreement. The City shall retain 15%, or~'-~/_~-O~~ as required by County Ordinance Code section 94-4.406, for one year to guarantee the repair of any defective work. 3. The ,City is entitled to retain the $1000.00 cash deposit and~;r/~-~, of the performance bond to cover its costs and reasonable expenses and fees in enforcing the subdi- vision improvement and bond obligations. 4. If legal action by either party is necessary to enforce this Agreement, the prevailing party is entitled to reasonable attorneys' fees and court costs. In witness whereof, the parties have executed this Agree- ment on the date written above. ATTEST: i/~tin Uiefenbach Mayor, City of Danville City Cler~ PAGE 2 OF 2 PAGES