HomeMy WebLinkAbout07 PUBLIC IMPROV. 07-15-02AGENDA REPORT
NO. O7
07-15-02
MEETING DATE: JULY 15, 2002 600-70
TO:
FROM:
SUBJECT:
WILLIAM A. HUSTON, CITY MANAGER
PUBLIC WORKS DEPARTMENT/ENGINEERING DIVISION
ACCEPTANCE OF PUBLIC IMPROVEMENTS AND RELEASE OF BONDS
FOR TRACT 15380 (RICHMOND-AMERICAN)
SUMMARY
All public improvements associated with Tract No. 15380 have been completed and the Public
Works Department is recommending release of the bonds.
RECOMMENDATION
It is recommended that the City Council release the following bonds for the indicated amounts:
Faithful Performance Bond No. 18-66-75 (Jamboree Road Widening) ............. $110,000.00
Faithful Performance Bond No. 18-66-78 (Perimeter Landscaping) ................. $361,000.00
FISCAL IMPACT
There is no fiscal impact to the City with this action.
BACKGROUND AND DISCUSSION
Tract 15380 is bounded by Tustin Ranch Road, Jamboree Road and Portola Parkway as shown
on the attached location exhibit. As a condition of approval, the Irvine Community Development
Company was required to post the subject bonds for the widening of Jamboree Road adjacent to
the project, and for the installation of perimeter landscaping around the tract.
The work related to the public improvements has been completed as required by the conditions of
approval to the satisfaction of the Public Works Department. It is recommended that the subject
bonds be released by the City Council.
Director of Public Works/City Engineer
Engineering Services Manager
TDS:DA:Release of Bonds for TR 15380
Attachment: Location Exhibit
CITY OF TUSTIN
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PIONEER
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TRACT
NO. 1
TUSTIN
RANCH
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COURSE
CITY
OF
IRVINE
TRACT NO. 15580