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HomeMy WebLinkAboutOCSD 98-28RESOLUTION NO.OCSD 98-28 AUTHORIZING THE GENERAL MANAGER TO APPROVE SUPPLEMENTAL AGREEMENTS TO CONSTRUCTION CONTRACTS FOR SUBSTITUTION OF SECURITIES A RESOLUTION OF THE BOARD OF DIRECTORS OF ORANGE COUNTY SANITATION DISTRICT,AUTHORIZING THE GENERAL MANAGER TO APPROVE AND EXECUTE SUPPLEMENTAL AGREEMENTS TO CONSTRUCTION CONTRACTS TO PROVIDE FOR THE SUBSTITUTION OF SECURITIES AS AUTHORIZED BY GOVERNMENT CODE SECTION 4590 WHEREAS,the Orange County Board of Supervisors,by approval on April 14, 1998 of County Resolution No.98-1 40,has ordered the Consolidation of County Sanitation Districts Nos.1,2,3,5,6,7,11,13 and 14 of Orange County,California (the “Predecessor Districts”)into a single new District,to be known as the Orange County Sanitation District (“District”);and WHEREAS,pursuant to Government Code Section 57500,the District succeeds to all of the powers,rights,duties,obligations,functions and properties of the Predecessor Districts;and WHEREAS,the District enters into numerous agreements for construction and maintenance of plant and sewer line and related structures and facilities;and, WHEREAS,all of said construction agreements authorize the District to retain a portion of the monies due to the construction contractor as security for the guaranteed performance of the work;and, WHEREAS,Government Code Section 4590 has been enacted into law to provide that upon request of the contractor,certain approved securities may be presented to the District to be held in lieu of the retention monies otherwise due and owing under the terms of the construction contract;and, WHEREAS,the District’s Board desires to authorize its General Manager or his designee to approve these supplemental agreements in a form as recommended and approved by the District’s General Counsel. 2090-300 649481 1 NOW,THEREFORE,the Board of Directors of Orange County Sanitation District, DOES HEREBY RESOLVE,DETERMINE AND ORDER: Section 1 That upon receipt of a request by any contractor performing work pursuant to an agreement with the District for the construction,repair or maintenance of any of District’s facilities,including trunk sewers,treatment plants and all related structures and facilities,for the posting of securities in lieu of monies to be retained by the District,as authorized by Government Code Section 4590,the General Manager is authorized to approve and execute such supplemental agreement on behalf of the District. Section 2 The form of the supplemental agreements,including escrow agreement and assignments,must be in a form as recommended and approved by the District’s General Counsel prior to execution by the General Manager. PASSED AND ADOPTED at a Special Meeting held July 1,1998. ATTE T:Bo~ecra/~/ 2090-300 6~81 2