HomeMy WebLinkAbout09 MONUMENT BOND 05-01-00DATE: MAY 1, 2000
TO:
FROM:
SUBJECT:
WILLIAM A. HUSTON, CITY MANAGER
PUBLIC WORKS DEPARTMENT/ENGINEERING DIVISION
RELEASE OF 'MONUMENTATION BOND FOR TRACT NO. 15503 (COLUMBIA)
SUMMARY
All monumentation associated with Tract No. 15503 has been completed and the Public Works
Department is recommending release of the Monumentation Bond.
RECOMMENDATION:
It is recommended that the City.Council authorize release of the Monumentation Bond for Tract
No. 15503 for the indicated amount:
Monumentation Bond No. 12-0120-52710-97-8 ................................ $3,700.00
FISCAL IMPACT:
None.
BACKGROUND
The subject tract is bounded on the north by Tract No. 15505, on the south by Portola Parkway,
on the east by Tract No's. 15502 and 15504 and on the west by Tract No's. 15507 and 15380 as
shown on the attached location map.
As a condition of approval the developer, Richmond American, a Maryland Corporation, was
required to post the following bond:
Monumentation Bond No. 12-0120-52710-97-8 ................................ $3,700.00
DISCUSSION:
The developer has completed all work related to monumentation within Tract No. 15503 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.
~'J~r~Otteso~ --
Tim D. Serlet
Director of Public Works/City Engineer Associate Civil Engineer
TDS:JO:ccg:Release of monumentation bond Tr 15503.doc
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