AI- 29979
12.A.
CC REGULAR
- Meeting Date:
- 12/06/2011
- Submitted For:
- Carlos Jasso
- Submitted By:
- Mary Flores, URBAN COUNTY
- Department:
- URBAN COUNTY
Information
CAPTION
Consideration and approval of an “Irrevocable Directive of Draw Proceeds/Disbursement Agreement” as required (as a condition precedent to issuing Payment & Performance bonds) by bonding company, Insurers Indemnity Company, contract surety for O.G Construction Company, LLC for: “Trenton Drain Project” (approved by Commissioners' Court on October 11, 2011)and thus directing all contract funds to Aacon, Inc., disbursement agent for: O.G Construction Company, LLC and as further specified/detailed document (s) attached herein.
BACKGROUND
Approval of this request will allow surety company to provide the required payment and performance bonds for completion and execution of required contracts. The Trenton Drain is being funded through The Texas General Land Office and the Disaster.
Fiscal Impact
Attachments
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| Budget and Management | mmunoz | 12/02/2011 02:36 PM |
| Purchasing / Internal | Alejandro Garcia | 12/02/2011 04:15 PM |
- Form Started By:
- Melissa Flores
- Started On:
- 12/02/2011 02:20 PM
- Final Approval Date:
- 12/02/2011