HomeMy WebLinkAboutResolution BPW 04-03-24-01/ENG/Authorizing Release of Bonds
This resolution was prepared by Sergey Grechukhin, Interim City Attorney, on 3/26/24 at 10:00 AM. No subsequent revision to this
Resolution has been reviewed by Mr.Grechukhin for legal sufficiency or otherwise.
RESOLUTION NO. BPW 04-03-24-01
A RESOLUTION OF THE CITY OF CARMEL BOARD OF PUBLIC WORKS AND SAFETY
AUTHORIZING CITY ENGINEER TO RELEASE OR MODIFY PERFORMANCE BONDS
AND OTHER PERFORMANCE GUARANTEES
Synopsis: This resolution authorizes the City Engineer to release various performance bonds and
other performance guarantees on the Board’s behalf.
WHEREAS, pursuant to Carmel City Code Section 2-182, the Board of Public Works and Safety
(the “Board”) is designated as the purchasing agency for all Executive Branch departments, commissions,
agencies and other establishments of the Executive Branch, except for the Common Council, the City of
Carmel Redevelopment Commission, the Carmel-Clay Board of Parks and Recreation, the City of Carmel
Redevelopment Authority, the Carmel Economic Development Commission, and the Carmel Civic
Square Building Corporation; and
WHEREAS, as a Purchasing Agency for the City, the Board is authorized to enter into various
public works agreements and contracts; and
WHEREAS, pursuant to state statutes and local regulations, certain public works agreements,
requests, and contracts require submission of performance bonds, maintenance bonds, erosion control
guarantees, and other types of performance guarantees (collectively “Performance Guarantees”); and
WHEREAS, the City Engineer receives, reviews, stores and otherwise oversees all Performance
Guarantees;
WHEREAS, the Board now desires to delegate to the City Engineer a duty to release or modify
Performance Guarantees on the Board’s behalf.
NOW, THEREFORE, BE IT RESOLVED by the City of Carmel Board of Public Works and
Safety that:
Section 1. The foregoing Recitals are incorporated herein by this reference.
Section 2. Upon satisfactory completion of all public works agreements’ requirements and
obligations, the City Engineer is hereby authorized to release or modify Performance Guarantees
on the Board’s behalf.
Section 3. This Resolution shall be effective from and after adoption by the Board.
[Signature page follows.]
Resolution No. BPW 04-03-24-01
Page One of Two
DocuSign Envelope ID: 46E585B7-869E-4C05-8A9E-44B9BC1BE066
This resolution was prepared by Sergey Grechukhin, Interim City Attorney, on 3/26/24 at 10:00 AM. No subsequent revision to this
Resolution has been reviewed by Mr.Grechukhin for legal sufficiency or otherwise.
SO RESOLVED this day of , 2024.
CITY OF CARMEL, INDIANA
By and through its Board of Public Works and Safety
BY:
Sue Finkam, Presiding Officer
Date:
Laura Campbell, Member
Date:
Alan Potasnik, Member
Date:
ATTEST:
Jacob Quinn, Clerk
Date:
Resolution No. BPW 04-03-24-01
Page Two of Two
DocuSign Envelope ID: 46E585B7-869E-4C05-8A9E-44B9BC1BE066
03 April
4/3/2024
4/3/2024
NOT PRESENT
4/3/2024