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COPY <br /> 4. Acceptance of the Project is not, and shall not in any way be construed as, <br /> a waiver of any and all causes of action that the Port has or may have against any <br /> party in connection with the Project. <br /> 5. The Port Executive Director is hereby authorized to release the payment <br /> bond subject to the Port Attorney's approval, according to the terms and conditions <br /> of the Contract, as amended, and provided further that no stop notice of other legal <br /> request for payment is received by the Port within the time allowed by law. The <br /> release of the retention is authorized after proper deduction of any expenses or <br /> liability, incurred by the Port (as per the terms and conditions of the Contract, as <br /> amended) and/or liquidated damages, as determined by the Port Executive Director. <br /> 6. The Port Executive Director is hereby authorized to release the <br /> performance bond, subject to the Port Attorney's approval, within the time required <br /> by law. <br /> * * * * * <br /> Regularly passed and adopted by the Board of Port Commissioners of <br /> Redwood City, this 25th day of June 2014. <br /> AYES, and in favor of said Resolution, COt111111SS1011efS: Richard Claire; <br /> Richard Dodge; Secretary Ralph Garcia; and, Vice Chair Thomas Cronin <br /> NOES, Commissioners: rrone <br /> ABSENT, Commissioners: chair Lorianna Kastrop <br /> � � � <br /> r <br /> vi�e-President, Board of Port Commissioners <br /> Thomas Cronin signed in lieu of President Kastrop <br /> Attest: <br /> f � <br /> ecretary, Board of Port Commissioners <br /> Ralph Garcia <br /> Reso 210 R <br /> 06/17/14 RESO P-2237 <br /> FXS <br /> Sca��ge <br />