HomeMy WebLinkAbout14 MONUMENT BOND 15380 05-01-00AGEN'" .o.
' 05-01-00
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. 15380 (WESTMONT)
SUMMARY
All monumentation associated with Tract No. 15380 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. 15380 for the indicated amount:
Monumentation Bond No. JS 5056 ................................................... $6,800.00
FISCAL IMPACT
None.
BACKGROUND
The subject tract is bounded on the north by Tract No. 15507, on the south by Portola Parkway
on the east by Tract No. 15503 and on the west by Tustin Ranch Road 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. JS 5056 ................................................... $6,800.00
DISCUSSION
The developer has completed all work related to monumentation within Tract No. 15380 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
~r~tt~so~
Director of Public Works/City Engineer Associate Civil Engineer
TDS:JO:ccg:Release of monumentation bond Tr 15380.doc
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