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HomeMy WebLinkAboutORD NO 4779ORDINANCE NO. 4779 ORDINANCE AMENDING SECTION 16.32.040 OF THE BAKERSFIELD MUNICIPAL CODE RELATING TO AMOUNT OF SECURITY FOR SUBDIVISION IMPROVEMENTS. BE IT ORDAINED by the Council of the City of Bakersfield as follows: SECTION 1. Section 16.32.040 of the Bakersfield Municipal Code is hereby amended to read as follows: 16.32.040 Improvement security - amount. A. The improvement security shall be provided in the amount of: 1. One hundred percent of the total estimated cost of the improvement or act to be performed conditioned upon the faithful performance of the act or agreement; 2. Fifty percent of the total estimated cost of the improvement or act to be performed securing payment to the contractor, the subcontractors and to persons furnishing labor, materials or equipment to them for the improvement or the performance of the required act; provided, however, where the security provided is that referenced in Section 16.32.020/R1 no additional sum shall be required to guarantee payment provided the security instrument authorizes draws to pay for labor and materials and specifies that not more than fifty percent of the total shall be released, except to the city to pay for completion of improvements, until after the sixty -day lien period has expired; 3. Ten percent of the total estimated costs of the improvements, to be provided prior to city acceptance of completion, to guarantee or warranty the work for a minimum period of one year following completion and acceptance thereof against any defective work or labor done, or defective materials furnished; 4. If the improvement security is a bond or bonds furnished by duly authorized corporate surety, an additional security in the amount of fifteen thousand dollars or fifteen percent of the total estimated cost of improvements, whichever is less, shall be included to cover the cost and reasonable expenses and fees which may be incurred by the city in successfully enforcing the o``�AKF91f 1 > m C? ORIGINAL S:\C0UNC1L\0rds\ 13 -14\ 16.32.040.ImprovementSec udtyAmt2d.docx -- Page 1 of 3 Pages -- obligation secured. The improvement security shall also secure the faithful performance of any changes or alterations which do not exceed ten percent of the original estimated cost of the improvement. B. Such security shall be released in accordance with the terms of the improvement agreement. SECTION 2. This Ordinance shall be posted in accordance with the provisions of the Bakersfield Municipal Code and shall become effective thirty (30) days from and after the date of its passage. DMZ l= S: \COUNCIL \Ords\ 13 -14\ 16.32. 040 .ImprovementSecudtyAmt2d.docx -- Page 2 of 3 Pages -- pIk�PKF9s -c� > m F- r- � o ORIGINAL HEREBY CERTIFY that the foregoing Ordinance was passed and adopted, by the Council of the City of Bakersfield at a regular meeting thereof held on JUN 0 4 7014 by the following vote: AYES: COUNCILMEMBER: ✓ ✓ RIV A, MAL WELL, WEIR, SMITH, HANSON, SULLIV N, JOH SN ON COUNCILMEMBER: 111:41aft_ ABSTAIN: COUNCILMEMBER: ABSENT: COUNCILMEMBER: {Q� _... 74"__ ROBERTA GAFFORD, CAt CITY CLERK and Ex Officio Clerk of the Council of the City of Bakersfield APPROVED: JUN 0 4 2014 By: 1111111 0#4 111 r KEN WEIR VICE -MAYOR APPROVED AS TO FORM: VIRGINIA GENNARO City Atto ey By: ��tn=o ANDREW HEGLU D Deputy City Attorney AH:Isc S: \COUNCIL \Ords\ 13 -14\ 16.32.040.ImprovementSec urityAmt2d.docx -- Page 3 of 3 Pages -- o``OPK�gs T � r ORIGINAL AFFIDAVIT OF POSTING DOCUMENTS STATE OF CALIFORNIA) ) ss. County of Kern ) ROBERTA GAFFORD, being duly sworn, deposes and says: That she is the duly appointed, acting and qualified City Clerk of the City of Bakersfield; and that on the 6th day of June, 2014 she posted on the Bulletin Board at City Hall, a full, true and correct copy of the following: Ordinance No. 4779, passed by the Bakersfield City Council at a meeting held on the 4th day of June, 2014 and entitled: ORDINANCE AMENDING SECTION 16.32.040 OF THE BAKERSFIELD MUNICIPAL CODE RELATING TO AMOUNT OF SECURITY FOR SUBDIVISION IMPROVEMENTS. ROBERTA GAFFORD City Clerk and Ex Officio of the Council of the City of Bakersfield By: (a Iff - DEPU7 City Cle Ik KoF9. s F_" r V O ORIGINAL