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1 <br /> <br /> 6 <br /> <br /> 7 <br /> <br /> 8 <br /> <br /> 9 <br /> <br />10 <br /> <br />11 <br /> <br />12 <br /> <br />14 <br /> <br />15 <br /> <br />16 <br /> <br />17 <br /> <br />18 <br /> <br />19 <br /> <br />2O <br /> <br />21 <br /> <br />22 <br /> <br />24 <br /> <br />25 <br /> <br />26 <br /> <br />27 <br /> <br />28 <br /> <br />29 <br /> <br />3O <br /> <br />31 <br /> <br />32 <br /> <br /> RI SOLU?IOII IlO. <br /> RESOLUTION PROVIDING <br /> <br /> RIVERSIDE <br /> CITY OP <br /> <br /> BE IT RESOLVED <br /> <br />State of California, <br /> <br />e,'ent the contractor <br /> <br /> FOR LIQUIDATED D~4AGES <br /> <br /> CITY COLLEGE ASSESSMENT DISTRICT <br /> RIVERSIDE, STATE OF CALIFORNIA <br /> <br />by the City Council of the City of Riverside <br />in regular session assembled, that in tile <br />awarded the contract for doing the work and <br /> <br />making the improvements in this assessment district does not com.- <br />plate said work and improvements'witilin the time limit specified <br />in said contract, or within such further time as this City Council <br />shall have authorized, then and in that event the said contractor <br />shall pay said City of Riverside, liquidated damages in the arno%tnt <br />of $100.00 per day for each and every day's de]ay beyond said time <br /> <br />of completion of said work and improvements. <br /> <br /> BE IT FURTHER RESOLVED that the <br />said work and making said improvements <br /> <br />specifications for doing <br />shall contain provisions <br /> <br />of such liquidated damages shall be applied as follows: <br /> <br /> 1. If received prior to confirmation of the assessment here <br />such monies shall be applied as a contribution against the assess- <br /> <br /> 2. If received after tile conf~l~nation of tile assessment, <br />such nlonies shall be applied in the manner provided in Section <br />5132.1 of the Streets and IIi9hways Code of the State of California <br />for the disposition of excess acquisition funds. <br /> <br /> 3. If a contribution has theretofore been made or ordered <br />by any agency, other than this City Council, then a refund shall be <br />made to said contributing agency in the proportion which said <br />contribution bears to the total cost and expense of the work. <br /> <br /> ADOPTED by the City Council of the City of Riverside signed <br />hy ~he Mayor and at t-ested by the ~rk on~ruary 2Z , 1972. <br /> <br /> <br />