HomeMy WebLinkAbout12 REL BONDS, WL HOMES, LLC 09-16-08
AGENDA REPORT
MEETING DATE: SEPTEMBER 16, 2008
TO: WILLIAM A. HUSTON, CITY MANAGER
FROM: PUBLIC WORKS DEPARTMENT/ENGINEERING DIVISION
SUBJECT: RELEASE OF BONDS FOR TRACT MAP NO. 16474, W.L HOMES, LLC
(TUSTIN FIELD I, PARCEL 33)
SUMMARY
All public non-backbone improvements associated with Tract Map No. 16474 have been
completed and accepted. The Public Works Department is now recommending release of the
public improvement and monumentation bonds.
RECOMMENDATION
It is recommended that the City Council release the following bonds in the indicated amounts:
Labor and Material Bond (Bond No. SU5002715) ...................................... $ 558,000.00
Warranty Bond (Bond No. SU5002728) ....................................................... $ 11,500.00
Monumentation Bond (Bond No. SU5002728) ............................................. $ 21,000.00
FISCAL IMPACT
There is no fiscal impact to the City with this action.
BACKGROUND
Tract Map No. 16474 is located within Planning Area 20 (Parcel 33) of the MCAS-Tustin Specific
Plan, generally bounded by Harvard Avenue to the east, Edinger Avenue to the south, the
Peters Canyon Flood Control Channel to the west, and a Southern California Regional Railway
Authority/Orange County Transportation Authority right-of-way to the north. As a condition of
approval, W.L. Homes, LLC was required to post the subject bonds for the construction and
replacement of public non-backbone improvements adjacent to the project.
The developer has completed all work related to the public improvements and monumentation for
Tract Map No. 16474 to the satisfaction of the Public Works Department. The public non-
backbone improvements were completed and accepted on September 1, 2007. It is recommended
that the above-mentioned bonds be released by the City Council.
Tim D. Serlet Doug Anderson
Director of Public Works/City Engineer Transportation & Development Services Manager
Attachment: Location Exhibit
S:\City Council Items\2008 Council Items\Release of Bonds for TR16474.doc
LOCATION MAP
TRACT MAP 16474
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