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HomeMy WebLinkAbout13 MONUMENT BOND 15507 05-01-00AGENDA '" DATE: MAY 1, 2000 ~~':" ' TO' FROM' SUBJECT: WILLIAM A. HUSTON, CITY MANAGER PUBLIC WORKS DEPARTMENT/ENGINEERING DIVISION RELEASE OF MONUMENTATION BOND FOR TRACT NO. 15507 (WESTMONT) SUMMARY All .monumentation associated with Tract No. 15507 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. 15507 for the indicated amount: Monumentation Bond No. 12-0120-36628-98-6 ................................ $8,400.00 FISCAL IMPACT None. BACKGROUND The subject tract is bounded on the north by Tract No. 15506, on the south by Tract No's. 15503 and 15380, on the east by Tract No. 15503 and on the west by Tract No. 15380, Tustin Ranch Road and Tract No. 15506 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. 12-0120-36628-98-6 ................................ $8,400.00 DISCUSSION The developer has completed all work related to monumentation within Tract No. 15507 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 Associate Civil Engineer TDS:JO:ccg:Release of monumentation bond Tr 15507.doc ' I r'--o z I I ! ! /; ! 0 C