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ON MOTION by Commissioner Bird, SECONDED by <br />Commissioner Wheeler, the Board unanimously approved <br />the assignment of contract to The Broadview Savings and <br />Loan Company; authorized the Chairman to sign the <br />amendment of the contract to extend the time for <br />completion until May 23, 1990; accepted the irrevocable <br />letter of credit submitted by The Broadview Savings and <br />Loan Company, subject to the condition that we receive <br />a guaranty from Broadview and from the issuing bank <br />that we will receive the 60 days' notice as set out in <br />the amendment to the letter of credit; and released the <br />performance bond submitted by North Beach Associates, <br />Ltd., as recommended by staff. <br />37 BQO�68 f' �E _ .6 <br />APR 2 1987 <br />