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HomeMy WebLinkAbout5697 - Traffic Signal Equipment MaintenanceEl • THS ec 12/ /62 1 2 3 4 5 6 7 8 9 10 11 12 13' 14'. 15' 16I 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 RESOLUTION NO. 5697 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH AUTHORIZING THE EXECUTION OF AGREE- MENTS WITH FRANK.THARP_FOR 14AINTENANCE OF TRAFFIC SIGNAL EQUIPNE-NT WHEREAS, there has been presented to the City Council of the City of Newport Beach an agreement between the City of Newport Beach and Franc Tharp, doing business as Traffic Signal Maintenance Company, as contractor, for the maintenance of the traffic signal equipment owned and operated by the City for a period of five years beginning on the date of said agreement; and WHEREAS, under said agreement the contractor agrees to furnish a surety bond or cash deposit in the amount of $1,000 to guarantee the faithful performance thereof; and WHEREAS, there has also been presented to the City Council an agreement under which said contractor assigns and trans- fers Investment Account Certificate No. 5079 of Newport Balboa Savings and Loan Association in the amount of $1,000 to the City of Newport Beach to guarantee faithful performance of said main- tenance agreement; and WHEREAS, the City Council has considered the terms and conditions of said agreements and found them to be reasonable and equitable; NOW, THEREFORE, BE IT RESOLVED that said maintenance agreement and said agreement for deposit of cash to insure the faithful performance thereof be approved and the Mayor and City Clerk are hereby authorized and directed to execute the sane on behalf of the City of Newport Beach. ADOPTED this 10th day of December, 1962.)) LL C/V /mil l7A7Z ATTEST: Mayor Ab r-- City C er I- L-1 STATE OF CALIFORNIA ) COUNTY OF ORANGE ) CITY OF NEWPORT BEACH) I, MARGERY SCHROUDER, City Clerk of the City of Newport Beach, California, do hereby certify that according, to the records of the City of Newport Beach filed and maintained in my office, the foregoing Resolution No, 9697 was duly and regularly adopted, passed, and approved by the City Council of the City of Newport Beach,. California, at a regular meeting of said City Council held at the regular meeting place thereof, on the 10th 19 62 ,. by the following, vote, to wit: day of December , AYES, COUNCILMEN: Stoddard, Gruber, Cook, Hart, Lorenz, Marshall, Elder NOES, COUNCILMEN: None a ABSENT, COUNCILMEN: None -Dated this 11th day of December „ 1962 City Clerk.a d'Ex Officio Clerk.of_ the City Council, City of Newport Beach, State of California. u 1