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HomeMy WebLinkAboutORD NO 4028ORDINANCE NO. 4 0 ~ B AN ORDINANCE AMENDING SECTION 3.20.090FOFTHEBAKERSFIELDMUNIClPAL CODE RELATING TO BONDING FOR CITY PROJECTS. BE IT ORDAINED by the Council of the City of Bakersfield as follows: SECTION 1. Subsection F of Section 3.20.090 of the Bakersfield Municipal Code relating to bonding is hereby amended to read as follows: Section 3.20.090 Formal Contract Procedures. F. Bonds. Except for work to be performed by city's own work forces, the following bonds shall be procured. In every contract for the erection of any public building or works, or in furnishing any supplies, equipment and materials for same, the city shall require a faithful performance bond in an amount equal to one hundred percent of the contract price issued by an insurer admitted to transact the class of surety insurance in the state of California and rated B+7 or better by A.M. Best Rating Service or an equivalent nationally recognized rating service. In addition to the above performance bond, in every contract for the erection of any public building or works, or in furnishing any supplies, equipment and materials for same, unless otherwise required by law, the city shall require a faithful labor and materials bond (payment bond) in an amount equal to one hundred percent of the contract price issued by an insurer admitted to transact the class of surety insurance in the state of California and rated B+7 or better by A.M. Best Rating Service or an equivalent nationally recognized rating service. SECTION2. 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. .............. o0o .............. -- Page 1 of 2 Pages -- I HEREBY CERTIFY that the foregoing Ordinance was passed and adopted by the Council of the City of Bakersfield at a regular meeting thereof held onSFp 5 ~131 by the following vote: AYES: NOES: ABSTAIN: ABSENT: COUNCILMEMBERCA~SON, BENHAM, MAGGARD, COUCH, HANSON. SULLIVAN, SALVAGGIO COUNCILMEMBER COUNCILMEMBER COUNCILMEMBER ~ ~ ~ Cc._ CITY CLERK and EX oFFice'S) of the Council of the City of Bakersfield APPROVED: SEP By: HARVEY L. HALL, ~ayor, CITY OF BAKERSFIELD' APPROVED AS TO FORM: BART J. THILTGEN City Attorney Deputy City Attorney ADD:lsc S:\COUNCIL\Ords~3.20,090FAmend. Bonding.wpd -- Page 2 of 2 Pages -- · AFFIDAVIT OF POSTING DOCUMENTS STATE OF CALIFORNIA SS. County of Kem PAMELA A. McCARTHY 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 September , 2001 she posted on the Bulletin Board at City Hall, a full, true and correct copy of the following: Ordinance No. 4028 , passed by the Bakersfield City Council at a meeting held on the 5th day of September 2001 and entitled: AN ORDINANCE AMENDING SECTION 3.20.090 OF THE BAKERSFIELD MUNICIPAL CODE RELATING TO BONDING FOR CITY PROJECTS. /s/PAMELA A. McCARTHY City Clerk of the City of Bakersfield DEP~JTY"Ci~y ~ler~- x~, ~ S:\Docum ent\FORMS~AOP.ORD.wpd September 6, 2001