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REVISION TO RESOLUTION 90-75, ITEM 1 <br />The Board reviewed memo from Construction Coordinator Bill <br />Meager dated April 24, 1991: <br />TO: James Chandler <br />County Administrator <br />..THROUGH: James W. Davis, P.E. <br />Public Works Director <br />-•, �� and <br />i :.. Roger D. Cain, P.E. <br />County Engineer <br />;.;FROM: .. W.A. "Bill" Meager <br />`•,;;i°�;;�;;. Construction Coordinator <br />DATE: April 24, 1991 <br />...,SUBJECT: Revision to Resolution 90-75 Item 1 <br />:kF R <br />DESCRIPTION AND CONDITIONS <br />,currently the requirement for $1000.00 per lane cash bond for open <br />=.road cuts is showing to -be too restrictive for contractors bidding <br />.on large utility projects. <br />We have received several complaints from the smaller contractors <br />'-:that cannot afford to post a large cash bond in a non-interest <br />bearing account for a period of one year. <br />our objective is to protect the County's interest in doing <br />emergency road repairs in the event of pavement failure within an <br />open -cut restoration area and to assure that funds are available <br />for such repairs. <br />ALTERNATIVES AND ANALYSIS <br />The Engineering staff is recommending that the cash bond <br />requirement •of $1000.00 per lane be limited to $4000.00 cash and <br />any amount required above the amount of $4000.00 could be secured <br />by a letter of credit or surety bond. (See Attached) <br />RECOMMENDATION AND FUNDING <br />Staff recommends approval. <br />ON MOTION by Commissioner Scurlock, SECONDED by <br />Commissioner Eggert, the Board unanimously approved <br />Resolution 91-52 revising Resolution 90-75 by <br />amending surety requirements as described above. <br />79 <br />