HomeMy WebLinkAboutCC Res 5791 2008-12-08RESOLUTION NUMBER 5791
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEAL
BEACH AUTHORIZING THE RELEASE OF SECURITY BONDS
FOR BOEING REALTY CORPORATION, PACIFIC GATEWAY
BUSINESS CENTER, TRACT NO. 16375
WHEREAS, Public improvements and other 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 reduction
in the security bonds posted by Boeing Realty Corporation that guarantees the
installation of those public improvements and other 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 installation of public improvements and other improvements for the Pacific
Gateway Business Center Tract No. 16375, in the City of Seal Beach, State of
California, be released as follows:
SECTION 1. Faithful Performance Bond No. 6380019 in the amount of
$1,202,059.50 provided by Safeco Insurance Company of
America.
PASSED, APPROVED AND ADOPTED by the City Council of Seal Beach, at a
meeting hereof held on the 8th day of December , 2008 by the following vote:
AYES: COUNCILMEMBERS ~ ~~~~
NOES: COUNCILMEMBERS ~
ABSENT:
COUNCILMEMBERS
ABSTAIN: COON
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Cit Clerk
STATE OF CALIFORNIA }
COUNTY OF ORANGE } SS
CITY OF SEAL BEACH }
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Mayor
I, Linda Devine, City Clerk of Seal Beach, California, do hereby certify that the
foregoing resolution is the original copy of Resolution Number 5791 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 thereof held on the 8th day
of December , 2008.
ity~Clerk