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HomeMy WebLinkAbout10 MONUMENT BOND 05-01-00 '=' ,---' , . NO. 10 4, o -o,-oo. inter-Corn DATE: MAY 1, 2000 \%~~*;~/ TO: FROM: SUBJECT: WILLIAM A. HUSTON, CITY MANAGER PUBLIC WORKS DEPARTMENT/ENGINEERING DIVISION RELEASE OF MONUMENTATION BOND FOR TRACT NO. 15504 (WESTMONT) SUMMARY All monumentation associated with Tract No. 15504 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. 15504 for the indicated amount: Monumentation Bond N©. 12-0120-25287-98-8 ................................ $3,600.00 FISCAL IMPACT None. BACKGROUND The subject tract is bounded on the north by Tract No. 15505, on the south by Tract No. 15502, on the east by Jamboree Road and on the west by Tract No. 15503 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. 12-0120-25287-98-8 ................................ $3,600.00 DISCUSSION The deVeloper has completed all work related to monumentation within Tract No. 15504 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 ~Ass-' ~ciate Civil Engineer TDS:JO:ccg:Release ofmonumentation bond Tr 15504.doc I I