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O1/29/99 09:21 <br />~$`503 373 4367 <br />M C LEGAL <br />MARION COUN1'Y LEGAL COUNSEL <br />530 Center St. N.E., Suite 312 <br />Sa1em, OR 97301 <br />(S03J 588-5220 <br />FAX.• 373-4367 <br />Michael J. Hansen <br />County Counsel <br />Jane Ellen Sto~~ecipher <br />Assistant County Counsel <br />Timothy T.A. Jensen <br />Assistant County Covnse! <br />Bruce T. Armstrong <br />Assistant Coui7ty Courzsel <br />Glorra M Roy <br />Assistant Courrty Counsel <br />FACSIMILE TRANSMITTAL FORM <br />January 29, 1999 <br />TO: Leoirard <br />FROM: Mike Hansen <br />No. of Pages iizclirding cover sheet: one <br />• <br />Leonard, <br />FAX NO: 581-3b55 <br />RE: Chnnges to poragraph 11.4.1, Perjormance Bonds <br />General Constructiol7 Contract <br />~ ooiiooi <br />Pursumzt to Billy s pMone call yesterday ajternoon 1 reviewed the cou~rty' s obligatrons under the Finance and <br />Trust Agreement and MBIA bonc~ insurance agreeme»t to require a perfor~~ance bond of the contractor. <br />The coirnry does have an obligation to require a perjor~na»ce bond, as well as liquidated dmnages, of the general <br />contractor. Tl~ere is no requiren:ent tlTat the perfor~nnl~ce borrd include the county's "lender" as an additionol <br />nomed insured. The Fina~TCe and TrcrstAgreement is siler~t o~~ the question of performQnce bonds_ <br />I conclude there is no ~zeed to retnin tlae "lender" language in the genera! construction caitract for the sake of <br />Marion Cour~ty. It is essential only tlaat a performance bond in the full amount ojthe contract be required as part <br />of the co~ttract. <br />1~ <br />rke Hal~sen <br />~• Billy Wasso~~, County Project Coordinator <br />THIS FACSIMILE MAY CONfA1N CONFIDENTIAL A77'ORNEY-CLIENT INFORMATION. IF YOU HAVE <br />RECEIVED THIS TRANSMISSiON BY MISTAKE, PLEASE DO NOT REVIEW OR DISCLOSE INFORMATION <br />AND CONTACT US IMMEDIATELY. THANK YO U. <br />~ <br />