HomeMy WebLinkAboutResolutions - No. 2014-192RESOLUTION NO. 2014-192
A RESOLUTION OF THE LODI CITY COUNCIL
APPROVING A REVISED IMPROVEMENT AGREEMENT
FOR THE REYNOLDS RANCH PHASE 3A PUBLIC
IMPROVEMENTS
WHEREAS, on October 1, 2014, the City Council approved the Reynolds Ranch
Phase 3A (Development) Improvement Agreement containing insurance requirements of
$5 million general liability per occurrence and $10 million aggregate, along with
$5 million automobile liability; and
WHEREAS, the above -referenced insurance levels are appropriate for a major
construction project much larger than will be the case for this Development; and
WHEREAS, staff recommends that the City Council approve a revised
Improvement Agreement containing insurance requirements of $2 million general liability
per occurrence and $4 million aggregate along with $1 million automobile liability.
NOW, THEREFORE, BE IT RESOLVED that the Lodi City Council does hereby
authorize the City Manager to execute the revised Improvement Agreement for Reynolds
Ranch Phase 3A Public Improvements on behalf of the City of Lodi, lowering the
insurance requirements to $2 million general liability per occurrence and $4 million
aggregate, along with $1 million automobile liability.
Dated: October 15, 2014
I hereby certify that Resolution No. 2014-192 was passed and adopted by the
City Council of the City of Lodi in a regular meeting held October 15, 2014, by the
following vote:
AYES: COUNCIL MEMBERS — Hansen, Johnson, Mounce, and
Mayor Katzakian
NOES: COUNCIL MEMBERS — None
ABSENT: COUNCIL MEMBERS — Nakanishi
ABSTAIN: COUNCIL MEMBERS — None
NIFER M. KOBISON L
City Clerk
2014-192