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HomeMy WebLinkAbout07 RELEASE OF MONUMENTATION BOND TRACT 16481• A ends Item 7 AGENDA REPORT Reviewed: ,,~, City Manager Finance Director N/ MEETING DATE: JULY 5, 2011 TO: WILLIAM A. HUSTON, INTERIM CITY MANAGER FROM: DOUGLAS S. STACK, DIRECTOR OF PUBLIC WORKS/CITY ENGINEER SUBJECT: RELEASE OF MONUMENTATION BOND FOR TRACT MAP NO. 16481 PROSPECT VILLAGE LP SUMMARY The property monuments associated with the tract map have been set, inspected, and verified as complete. The Public Works Department is now recommending release of the Monumentation Bond. RECOMMENDATION It is recommended that the City Council authorize the release of Monumentation Bond No. 0421457, in the amount of $3,500.00. FISCAL IMPACT There is no fiscal impact associated with this action. BACKGROUND Tract Map No. 16481 is bounded by Main Street on the south, Prospect Avenue on the east, Third Street on the north, and a public alley to the west. As a condition of approval, Prospect Village LP was required to post the subject bond as part of the map process. The property monuments associated with the tract map have been set, inspected, and verified as completed by the Public Works Department. Therefore, it is recommended that the City Council authorize the release of Monumentation Bond No. 0421457. Do la .Stack, P.E. Dire tor= Public Works/City Engineer Attachment: Location Map LOCATION MAP TusnN RANCH TUSnN LEGACY (fp~IQRY Y111K ~~{ ~ sunoq SECOND STREET J Q W Z ~ THIRD STREET Q U J i W ~ I I Q 3' J Q z Z W F- Z w U PROJECT LOCATION MAIN STREET TRACT 16481 PROSPECT VILLAGE FILE: TRACT 184B1.GYYG NO SCALE FIRST STREET SECOND STREET