HomeMy WebLinkAboutRES 1975-25 - Board RESOLUTION NO. 75 25
OF
TRUCKEE-DONNER PUBLIC UTILITY DISTRICT +
AUTHORIZING THE REUSE OF THE SURETY
ON THE DART INDUSTRIES, INC* FAITHFUL
PERFORMANCE BOND WITH RESPECT TO ELECTRIC
POWER SERVICE CONSTRUCTION AT TAHOE DONNER
WHEREAS , on June 1, 1970 , TRUCKEE-DONNER PUBLIC UTILITY
DISTRICT entered into a written agreement with LAKEWORLD
DEVELOPMENT COMPANY respecting electric power service and
construction of a main distribution line;
WHEREAS, on February .2 31 19 71 DART INDUSTRIES, INC s ,
a Delaware corporation, purchased said development project
subject to said agreement and changed the name of the project
ect
_ _ g P J
to TAHOE DONNER.,
WHEREAS, on May 21, 1974 a revision of said power line
agreement was entered into by the DISTRICT and DART wherein
and whereby DART agr—edd to complete' and construct at its own
expense the primary distribution lines for said project;
WHEREAS, under the terms of said agreements DART
INDUSTRIES, INC. , as principal, and FIREMAN' S INSURANCE COMPANY
OF NEWARK, NEW JERSEY, as surety, provided the DISTRICT with
,
a faithful performance bond in the sum of $67,465. 00, guarantee-
ing the performance of said agreements;
WHEREAS, the construction of said primary distribution
lines has now been completed by DART and the same have been
accepted by the DISTRICT;
NOW, THEREFIRE*; BE IT RESOLVED by the Board of Directors
of TRUCKEE-DONNER PUBLIC UTILITY*DISTRICT, as follows .
That certain faithful performance bond, Bond No. BND
184-52--43, dated June 1, 1971, may be released and cancelled
and the surety discharged.
A copy of the bond is attached hereto, marked Exhibit
fA" , and made a part hereof,
Passed and adopted by the Board of Directors of TRUCKEE-
DONNER PUBLIC UTILITY DISTRICT at a meeting thereof duly called
and held in said district on the 17 day of December, 1975 ,
by the following roll call vote
AYES: Water§ , Sutton' Craig
Christensen Anderson
NOES :
ABSENT:
Pace 1
c
TRUCE--DONNER P BLIC U I Y DISTRICT
By..,
_PRI�SIENV"
r
ATTEST.
:4
PAUL HOBENSACK, Clerk
.f
4
x
Pace 2.
5 `?
EXHIBIT "A" E�!r7ci ��o� i_ -
f
r T'1ND I, ,i f _�� 4 3
r I-Jr.al"1-1 3 0 0
StJt3DlV1('%1 N1 lN11't O%11E t%`1E NT
FA1=r1•1i;^UL PERFORT-tPiANCE BOND
€� W ALL MEN BY THESE PRESENTS:
DARTv T_NDU"c!T4nA%TES 1140o as
That we
as
'Or RE I J J 1,
Principal, and
VTjRE%iM%N1SINSURA17IC-L-il _
Surety, DIST"iuTCT
Ve held and firmly bound untoCC E 1:1 D)ITU PUBLIC
.s•�f State of California,
w t
S.�XT . S ti 1 T�1~ S��1\1 Dollars (1z67p465
in the surn of -
(riot less than 500-/0 of the total cost) -
rn rica for the payment of.%%Bich`scam %yell and truly to be made to-said
lawful money of the United States of America, p Y .-_ •. ..�.
D-4 i It.T 1 N DU S T-Ll 5'.E S. Ft.Ca
• f administrators, successors and'assi ns, jointly and severally, firmly by these presents.
t,e, and each of us, bind ourselves, our heirs, executors, ad � f! g
��ith sec#ion I12'ct `of the Business
and Professions Code of the State of California and acts
This Bond is furnished !fit compliance �e.�
amendatory thereto. 1 ~.
'sit*v#?�/,
Sealed with our seats and dated this� _ � �_ ���da o� J IT, 1 73.
ion
f the above obli ation is such that�� liereas�th� above named.bounded principal entered into an agreement, .
The Condit n c g
PUBLIC UTIL17N DIS77-uICT
0. �L
7,
dated .7"! *4
19jith thejLU C 10E E, DO MitTi.
f \.'► '�' t` Stale Of Uilornl3,
• 1� principal a reed to coristluct certain .�rc improvements and furnish all the work and
1 by the terms and conditions of which said agreement, said g � _ .
' accordance with the Plans and Specifications referrcd to in said agreement, which agreement is hereby made a part
her� trtatertat necc�sary therefor In ac P ; .,
,:. cof Zs if fully set forth herein; % �.
• above reamed boundedprincipal shall .dell and truly'�.carr y nut, oxecute and perform all thinks by it to be carried out,
. f�oti�, Therefore, !f the �
'n o the terms and conditions of said agreement then this obligation stall become null and void, otherwise to remain
executed and p4rformed, according t , ,g .
l fcrce and effect. No right of action.shall accrue under this bond to of for the use of any person other than said obligee.
. in full g .. _,.
INCO
PART I IN
esid
0 F IM,WAMI S 4E
1
(Surety
By
tMorney
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