RESOLUTION NO. 2024-
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CAMARILLO EXONERATING MAINTENANCE BOND FOR
ANNUAL RESURFACING - PROJECT NO. ST-5015
The City Council of the City of Camarillo resolves as follows:
SECTION 1:The City Council of the City of Camarillo finds and declares as follows:
A. On April 24, 2019, the City Council of the City of Camarillo accepted public improvements for Annual Resurfacing - Project No. ST-5015 (the “Project”).
B. On July 8, 2020, the City Council of the City of Camarillo adopted a resolution exonerating the Performance/Payment Bonds for the Project.
C. The five (5) year Maintenance Bond has remained posted for the required maintenance period.
SECTION 2:The Guarantee Company of North America USA, Maintenance Bond No. 12159720 in the amount of $400,000 to guarantee any defect in material or construction that shall appear within five (5) years from the date of substantial completion, March 14, 2019, is exonerated.
SECTION 3:The Public Works Department is authorized to return the bond noted in Section 2 to the contractor.
PASSED AND ADOPTED December 11, 2024.
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Mayor
Attested to on _____________________.
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Interim City Clerk
I, Carrie Weal, Interim City Clerk of the City of Camarillo, certify Resolution No. 2024-__ was adopted by the City Council of the City of Camarillo at a regular meeting held December 11, 2024 by the following vote:
AYES: Councilmembers:
NOES: Councilmembers:
ABSENT: Councilmembers:
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Interim City Clerk
c: American Asphalt South, Inc.
The Guarantee Company of North America USA
Public Works Department
Finance Department