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HomeMy WebLinkAbout11 MONUMENTATION BOND 01-17-00 NO. 11 ... .... Inter-C& - DATE: JANUARY 17, 2000 ~ TO: FROM: SUBJECT: WILLIAM A. HUSTON, CITY MANAGER PUBLIC WORKS DEPARTMENT/ENGINEERING DIVISION RELEASE OF MONUMENTATION BOND. FOR TRACT NO. 15474 (BAYWOOD) SUMMARY The Public Works Department is recommending release of the Monumentation Bond for Tract i No. 15474. RECOMMENDATION It is recommended that the City Council authorize release of the following Monumentation Bond for Tract No. 15474 for the indicated amount. Monumentation Bond No. B98-114312- $10,000.00 FISCAL IMPACT None BACKGROUND The subject tract is bounded on the north by Tract No. 15427, on the south by Tract No. 15475, on the east by Tract No. 15350 and on the west by Tustin Ranch Road as shown on. the attached location map. As a condition of approval the developer, Baywood Homes - Tustin Ranch, LLC, was required to post the following bond: Monumentation Bond N'o. B98-114312 .............................. $10,000.00 DISCUSSION The developer has completed all work related to monumentation within Tract No. 15474, as required by the conditions of approval, to the satisfaction of the Public Works Department. It is recommended that the above-mentioned bond be released by the City Council. Tim D. Serlet Director of Public Works/City Engineer ~rrrC"0tteson Associate Civil Engineer TDS:JO:ccg:release mon bond TR #15474 Attachment / / / / / / / /