HomeMy WebLinkAbout18286 - RESOLUTIONS - 1/19/1994 RESOLUTION NO. 18286
OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS
AUTHORIZING EXECUTION OF INDEMNITY AGREEMENT
WITH SURETY INDEMNITY COMPANY OF CALIFORNIA AND/OR
DEVELOPERS INSURANCE COMPANY RE THE MUNICIPAL GOLF
COURSE EXPANSION PROJECT AND PERFORMANCE ]BOND IN
FAVOR OF THE U.S. ARMY CORPS OF ENGINEERS IN THE
AMOUNT OF $200, 000 '
WHEREAS, the U.S. Army Corp of Engineers has required that the City
of Palm Springs obtain a Surety Bond in the amount of $200,000 for
the faithful performance of the conditions of the: 404 Permit No.
93-3.58-RS for a period of three to five years; and
WHEREAS, Indemnity Company of California and./or Developers
Insurance Company have agreed to provide such Performance Bond on
behalf of the City of Palm Springs and in favor of the U.S. Army
Corp of Engineers; and
WHEREAS, Indemnity Company of California and./or Developers
Insurance Company are approved Sureties by the U.S. Army Corp of
Engineers; and
WHEREAS, Surety Indemnity Company of California and/or Developers
Insurance Company have required, as a condition to issuing the
Performance Bond, that the City execute the Indemnity Agreement
attached hereto; and
WHEREAS, the Indemnity Agreement attached hereto required the City
to pay all premiums as required by Surety Indemnity Company of
California and/or Developers Insurance Company and further requires
the City to hold such indemnification harmless from the matters set
forth therein. '
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of
Palm Springs hereby authorizes and warrants as follows:
Section 1. The City Council warrants that it has full power and
authority to enter into the attached Indemnity Agreement to
authorize the execution of such Indemnity Agreement; and
Section 2 . The City Manager is authorized and directed to execute
the Indemnity Agreement on behalf of the City of Palm Springs, and
Section 3 . The City Manager is hereby authorized to execute such
amendments to said Indemnity Agreement as shall be necessary to
implement the intent, terms and conditions of the Indemnity
Agreement, in a form approved by the City Attorney.
ADOPTED this 19th day of dan„ary , 1994.
AYES: Councilmembers Hodges, Lyons, Reller-Spurgin, Schlendorf & Mayor Maryanov
NOES: None
ABSENT: None —�
ATTEST_: CI� LM ]C , CALI:FORNIA
By
- ' City Clerk i ty FainageA '
REVIEWED & APPROVED
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