HomeMy WebLinkAbout10 RELEASE BONDS 15707 06-19-00 DA No. 10
AGEN
Inter-Com
DATE: JUNE '19, 2000 ~
TO:
FROM:
SUBJECT:
WILLIAM A. HUSTON, CITY MANAGER
PUBLIC WORKS DEPARTMENT/ENGINEERING DIVISION
ACCEPTANCE OF PUBLIC IMPROVEMENTS AND RELEASE OF BONDS FOR TRACT
NO. 15707 (AMBROSE LANE)
SUMMARY
All public improvements associated with Tract No. 15707 have been completed and the Public Works
Department is recommending release of the bonds.
RECOMMENDATION
It is recommended that the City Council release the following bonds for the indicated amounts:
Faithful Performance Bond No. 1674749 .................................................. $168,700.00
Labor and Material Bond No. 1674749 .................................................... $ 84,300.00
Monumentation Bond No. 1674750 ......................................................... $ 11,000.00
FISCAL IMPAC'T
None.
BACKGROUND
The subject tract is located on the south side of Sixth Street between El Camino Real and Newport
Avenue as shown on the attached location map.
As a condition of approval the developer, Warmington Homes California, was required to post the
following improvement bonds:
Faithful Performance Bond No. 1674749 .................................................. $168,700.00
Labor and Material Bond NO. 1674749 .......................... : ......................... $ 84,300.00
Subdivision.Warranty Bond No. 1674749 ................................................. $ 16,900.00
Monumentation Bond No. 1674750 ......................................................... $ 11,000.00
DISCUSSION
The developer has completed all work related to public improvements and monumentation within Tract
No. 15707 as required by the conditions of approval to the satisfaction of the Public Works Department. It
is recommended that the above mentioned bonds be released by the City Council. The subdivision
Warranty Bond, however, will remain in effect for one year from the date of acceptance.
Director of Public Works/City Engineer
,~r,~_ tte'~n
Associate Civil Engineer
TDS:JO:ccg:Accpt public imp & release bond Tr 15707.doc
Attachment: Location Map
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