HomeMy WebLinkAboutCity Council - 99-65 s 4/0 �►�S
RESOLUTION NO. 99-65
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HUNTINGTON
BEACH AUTHORIZING THE CITY'S DIRECTOR OF PUBLIC WORKS TO
APPROVE STANDARD ESCROW AGREEMENTS FOR SECURITY DEPOSITS IN
LIEU OF RETENTION FUNDS WITHHELD BY THE CITY FOR PUBLIC WORKS
CONTRACTS
WHEREAS, California Public Contract Code Section 22300 requires that a
public agency permit the substitution of securities for any moneys withheld by the public
agency to ensure performance under a public works contract; and
The City now desires to give the City's Director of Public Works the authority to
approve the standard escrow agreements for security deposits in lieu of retention funds
withheld by the City on public works contracts.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Huntington Beach that authority is hereby given to the City's Public Works Director to
approve the standard escrow agreements for security deposits in lieu of retention funds
withheld by the City pursuant to California Public Contract Code Section 22300 for
public works contracts.
PASSED AND ADOPTED by the City Council of the City of Huntington Beach at a
regular meeting thereof held on the 7th day of September , 1999.
AT EST:
City Clerk Mayor
REVIEWED AND APPROVED: APPROVE AS TO FORM:
City A inistrator Cit ttorn
-Z �-�yf6�--4�
INI D AND APP OVED:
irector of Public Works
g:/jmfl99Reso1/Esc-Deposit/08/24/99
Res. No. 99-65
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss:
CITY OF HUNTINGTON BEACH )
I, CONNIE BROCKWAY, the duly elected, qualified City Clerk of the
City of Huntington Beach, and ex-officio Clerk of the City Council of said City, do
hereby certify that the whole number of members of the City Council of the City of
Huntington Beach is seven; that the foregoing resolution was passed and adopted by
the affirmative vote of at least a majority of all the members of said City Council at a
regular meeting thereof held on the 7th day of September, 1999 by the following
vote:
AYES: Julien, Bauer, Green, Dettloff, Harman, Sullivan
NOES: None
ABSENT: Garofalo
ABSTAIN: None
City Clerk and ex-officio Clerk of the
City Council of the City of Huntington
Beach, California