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. � � COPY <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 <br /> conditions of the Contract and provided further that no stop notice of other <br /> legal request for payment is received by the Port within the time allowed by <br /> faw. The release of the retention is authorized after proper deduction of any <br /> expenses or liability, incurred by the Port (as per the terms and conditions of <br /> the Contract) and/or liquidated damages, as determined by the Port Executive <br /> 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 <br /> required by law. <br /> * * * * * <br /> Regularly passed and adopted by the Board of Port Commissioners of <br /> Redwood City, this 12th day of November 2014. <br /> AYES, and in favor of said Resolution, Commissioners: Richara noage; Secretary <br /> Simms Duncan; Vice Chair Richard Claire; and, Chair Ralph Garcia <br /> NOES, Commissioners: None <br /> ABSENT, COR1t711SSlOft@fS: Lorianna Kastrop <br /> ���� � <br /> v <br /> President, Board of Port Commissioners <br /> Ralph Garcia <br /> �� <br /> Atte <br /> Secretary, Board of Port Commissioners <br /> R. Simms Duncan <br /> Reso 227 2 of2 RESO P-2256 <br /> 11/07/14 <br /> FXS SC,���ed <br />