HomeMy WebLinkAboutCC Res 5614 2007-10-22
RESOLUTION NUMBER 5614
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SEAL BEACH AUTHORIZING THE RELEASE OF ROUGH
GRADING SECURITY BONDS FOR BOEING REALTY
CORPORATION, PACIFIC GATEWAY BUSINESS CENTER,
TRACT NO. 16375
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WHEREAS, Rough Grading Improvements for the Boeing Realty Corporation,
Pacific Gateway Business Center Tract No. 16375, City of Seal Beach, State of
California have been completed and recommends the release of the security bonds posted
by Boeing Reality Corporation that guarantees the installation of these improvements.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Seal
Beach that the security bonds posted by Boeing Realty Corporation to guarantee the
Rough Grading Improvements for the Pacific Gateway Business Center Tract No. 16375,
in the City of Seal Beach, State of California, be released as follows:
I. Faithful Performance Bond No. 08813250 in the amount of $1,100,000.00
provided by Fidelity and Deposit Company of Maryland for Rough Grading
Improvements be released.
2. Labor and Materials Bond No. 08813250 in the amount of $1,100,000.00
provided by Fidelity and Deposit Company of Maryland for Rough Grading
Improvements be released
PASSED, APPROVED AND ADOPTED by the City Council of Seal Beach, at a regular
meeting held on the 22nd day of October , 2007 by the following vote:
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AYES:
COUNCILMEMBER~ ~ ~ JJvw,b ~
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COUNCILMEMBERS I'~
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NOES:
ABSENT:
COUNCILMEMBERS
ABSTAIN:
COUNCILMEMBERS
ATTEST:
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Mayor
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STATEOFCALIFORNIA }
COUNTY OF ORANGE } SS
CITY OF SEAL BEACH }
I, Linda Devine, City Clerk for the City of Seal Beach, California, do hereby certify that
the foregoing resolution is the original copy of Resolution Number 5614 on file in the
office of the City Clerk, passed, approved and adopted by the City Council of the City of
Seal Beach at a regular meeting held on the 22nd day of October ,2007,
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Cit Clerk