Resolution No. 86-107 r
CITY OF TIGARD, OREGON
RESOLUTION NO. 86--ZC2'7
A RESOLUTION CONDITI;ONALL_Y ACCE..PTING PUBLIC IMPROVEMENTS KNOWN AS KAREN PARK
SUBDIVISION PUBLIC IMPROVEMENTS.
WHEREAS, the City executed a subdivision Cumplicirice Agreement dated June gin,
1986, with R•,bert James Claus to facilitate installation of subdivision
improvements to specified standards and specifications; and
WHEREAS, said Compliance Agreement stipulated that:
"At such time as all public improvements except sidewalks and street trees
within the subdivision have been completed in accordance with the City's
requirements, Petitioner shall submit a "certificate of installation
conformance" to the City to notify the City of readiness for (conditional)
acceptance inspection and, then upon notification by the Department of
Community Development that the requirements of the City have been met, the
Petitioner will submit to the City a good and sufficient guarantee bond,
if not already provided with the performance bond, form approved by the
City, to provide for correction of any incomplete work or any defective
work or maintenance becoming apparent or arising within one (1) year after
conditional acceptance of the public improvements by the City"; and
"Upon receipt of certification from the Department of Community
Development that all requirements have been met, and a One Year Guarantee
Bond, the City Council agrees to conditionally accept the public
improvement subject to the requirement of (completion of all work and)
correction of deficiencies and maintenance for a period of one year"; and
WHEREAS, said Certification has now been received, subject to correction of
hereinbelow listed deficiencies; and
WHEREAS, Petitioner has indicated a desire to continue the necessary assurance
portion of the existing public improvement performance bond in full force and
effect to assure that all remaining performance items are installed and to act
as a maintenance bond to assure continued maintenance of installed
improvements and to facilitate ralease of excess hold back monies from said
performance bond;
NOW, THEREFORE, BE IT RESOLVED by the Tigard City Council that:
The Tigard City Council hereby accepts the existing public improvements for
Karen Park Subdivision, subject to:
1) Continuation of holding of $6,370.00 of the existing public improvement
performance bond, in full force and effect, to assure final installation
of sidewalks, street overlay and seeding.
RESOLUTION No. 86—
Page 1
2) Correction of any defective work and continued maintenance for a period of
one year, for which $7,361.45 shall be maintained in full force and effect
from the existing bond as specified by the project Compliance Agreement.
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AND, also, the Tigard City Council hereby authorizes City staff to execute
documentation providing release of $23,075.80 from the existing bond, said
amount being the subsequent excess holding.
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PASSED: This --td--• day of 1986.
City of Tigard
ATTEST:
-''Acting City Recor�r - City of Tigard
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RESOLUTION NO. 86-/G'T
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