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HomeMy WebLinkAbout11 MONUMENT BOND 05-01-00 Inter-Com DATE: MAY 1, 2000 ~ TO: WILLIAM A. HUSTON, CITY MANAGER FROM: PUBLIC WORKS DEPARTMENT/ENGINEERING DIVISION SUBJECT: RELEASE OF MONUMENTATION BOND FOR TRACT NO. 15505 (COLUMBIA) · SUMMARY All monumentation associated with Tract No. 15505 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. 15505 for the indicated amount: Monumentation Bond No. 12-0120-25290-98-9 ................................ $7,300.00 FISCAL IMPACT: None. BACKGROUND The subject tract is bounded on the north by Tustin Ranch Road, on the south by Tract No. 15504, on the east by Jamboree Road and on the west by Tract No's. 15503, 15506 and 15507 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. 12-0120-25290-98-9 ................................ $7,300.00 DISCUSSION: The developer has completed all work related to monumentation within Tract No. 15505 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 ~-ry ~O~es~ - Associate Civil Engineer TDS:JO:ccg:Release of monumentation bond Tr 15505.doc Z I I l_z l.Uk- ©0 : l l / / / / / / / / / hO